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Property profile & analytics
OFF-MARKET
Estimated value
$55,835,000
Office buildings
1000 Town Ctr, Southfield, MI 48075-1205
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0992364
Property summary
AI-generated overview
This exceptional Class A office space is located within the prestigious Southfield Town Center's 1000 Building, a 27-story skyscraper in Oakland County, Michigan. Built in 1989, this iconic building offers a total of 877,232 square feet of traditional office space, currently featuring 199,716 square feet available for lease. Multiple tenancy options are available, with individual suites ranging from 1,191 to 6,877 square feet. The building boasts modern amenities including elevators. Southfield Town Center itself provides a comprehensive array of conveniences, including a four-star hotel, extensive conference facilities capable of accommodating 1,000 attendees, a bright, multi-level atrium, and a diverse selection of retail and dining establishments. This prime location at 1000 Town Center, Southfield, MI 48075, offers unparalleled accessibility and a vibrant work environment. The building's impressive scale and amenities make it an ideal location for businesses seeking a sophisticated and well-equipped workspace. This is a rare opportunity to secure office space in one of Southfield's most sought-after locations.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
882,862 SF
Lot
8.22 ac (358,194 SF)
Zoning code
RC
APN
76-24-22-426-027
UPID
US43-0992364
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
-
Altimetrik (Bike/Boat/Book/etc) Store Corporate Office
-
Allied Universal® Security Services Security Service
-
Lincoln Financial Advisors Financial Advisor
-
Thurswell Law Law Firm
-
PRP RadiantVita Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$49.88M
Comparable Approach
Comparable
$70.75M
Blend (final)
Blend
$55.84M
Owner & transaction history
SL TOWN
SL TOWN
Zoning & alternative use
RC · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$82.2M
+62.8%
Industrial (general)
$71.5M
+41.6%
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 Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield 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%
$54,030,000
6.5%
$49,875,000
7%
$46,310,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$50,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$82,170,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$71,485,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$55.84M
Range $50.25M – $61.42M · ±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
$63 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,745,650
Tax year 2022
Assessed value
$30,689,300
Assessed 2022
Previous assessed
$30,689,300
+0.0% YoY
Effective rate
5.69%
On assessed value
Assessed land
$515,810
Assessed improvement
$30,173,490
Land market value
$1,031,620
Improvement market value
$60,346,980
Total market value
$61,378,600
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
28
Total area
882,862 SF
Lot
8.22 ac (358,194 SF)
Zoning code
RC
APN
76-24-22-426-027
UPID
US43-0992364
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RC · Southfield, MI
Zoning RC · permitted uses
RC · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$50.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$82.2M
INDUSTRIAL (GENERAL)
Est. value
$71.5M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Stories
28
Lot
8.22 ac
Current owner
From public records · entity-resolved
SL TOWN
Individual
Free & Clear · 0 yrs held
Mailing address
601 W 26TH ST RM #1275, NEW YORK, NY 10001-1116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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