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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Office buildings
1 Heritage Dr Southgate, MI 48195-3094
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0017654
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
92,300 SF
Lot
6.86 ac (298,822 SF)
Zoning code
M-1 LIGHT IND
APN
53 014 99 0003 020
UPID
US43-0017654
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
FedEx Drop Box Postal Service Courier Service
-
John Adams Mortgage Company Loan Service Bank
-
Monroe Guardian Publishing House Newspaper & Magazine
-
Andrea Gibbs Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.36M
Blend (final)
Blend
$4.36M
Owner & transaction history
One Heritage Southgate LLC · 10 yrs held
One Heritage Southgate LLC
since 2016
7 recorded transactions
Zoning & alternative use
M-1 LIGHT IND · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southgate submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southgate submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$74,113
Tax year 2023
Assessed value
$1,046,600
Assessed 2024
Previous assessed
$991,900
+5.5% YoY
Effective rate
7.08%
On assessed value
Total market value
$2,093,200
Applied tax rate
82,405.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Stories
1
Total area
92,300 SF
Lot
6.86 ac (298,822 SF)
Zoning code
M-1 LIGHT IND
APN
53 014 99 0003 020
UPID
US43-0017654
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 LIGHT IND · Southgate, MI
Zoning M-1 LIGHT IND · permitted uses
M-1 LIGHT IND · Southgate, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southgate. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Stories
1
Lot
6.86 ac
Current owner
From public records · entity-resolved
One Heritage Southgate LLC
Entity
Mailing address
44004 WOODWARD AVE STE #300, BLOOMFIELD HILLS, MI 48302-5033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2018
—
One Heritage Southgate LLC
—
Deed
related
$3,100,000 · Miscellaneous Ins Co
Jan 20, 2016
—
One Heritage Southgate LLC
One Heritage Place Holdings Ll
Quit Claim Deed
—
Jul 14, 2011
$5,687,000
One Heritage Place Holdings Ll
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Aug 25, 2004
—
One Heritage Place LLC
Qp Realty LLC
Warranty Deed
$4,000,000 · Tcf National Bank
—
—
One Heritage Southgate LLC
—
Deed Of Trust
related
$2,000,000 · Privatebank & Tr
—
—
One Heritage Place LLC
—
Deed Of Trust
related
$5,840,000 · Lasalle National Bank
—
—
One Heritage Southgate LLC
—
Deed Of Trust
related
$3,100,000 · Miscellaneous Ins Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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