Back to Search
Property profile & analytics
OFF-MARKET
Retail space
1060 Southfield Rd Lincoln Park, MI 48146-2644
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0044753
Property summary
AI-generated overview
This single-tenant industrial property, located at 1060 Southfield Rd in Lincoln Park, MI 48146, offers 6,800 square feet of versatile warehouse and flex space. Situated on a 0.16-acre lot with 68 feet of frontage, the building boasts a convenient location on Southfield Road, close to I-75. Originally constructed in 1952 and extensively renovated in 2023, this property features a spacious, open floor plan ideal for warehouse or storage uses. Improvements completed in 2023 include a new roof, updated electrical system, new lighting, a new heating system, and a renovated restroom. The property also includes a rear overhead garage door providing convenient access to a back alley. Ample public parking is available behind the building. The building is zoned commercial and has a Wayne County APN of 45007090044000. Lease payments include taxes and insurance. This is a fantastic opportunity to secure a well-maintained, updated industrial space in a prime location. All data is approximate.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
6,800 SF
Lot
0.16 ac (6,970 SF)
APN
45 007 09 0044 000
UPID
US43-0044753
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hassans Investments LLC · 4 yrs held
Hassans Investments LLC
since 2021
Last sale
$180,000
7 recorded transactions
Zoning & alternative use
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 Lincoln Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$10,893
Tax year 2019
Assessed value
$153,000
Assessed 2024
Previous assessed
$145,500
+5.2% YoY
Effective rate
7.12%
On assessed value
Total market value
$306,000
Applied tax rate
82,090.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Stories
1
Total area
6,800 SF
Lot
0.16 ac (6,970 SF)
APN
45 007 09 0044 000
UPID
US43-0044753
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Heating
FORCED AIR
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hassans Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6400 SCHAEFER RD, DEARBORN, MI 48126-2213
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$180,000
Hassans Investments LLC
Castle Rock Holdings LLC
Warranty Deed
—
Sep 16, 2015
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
May 29, 2015
—
Charles W Camilleri
Baby Blue LLC
Quit Claim Deed
related
—
Jun 23, 2014
—
Castle Rock Holdings LLC
Camilleri,charles W
Quit Claim Deed
related
—
Jun 8, 2012
—
Baby Blue LLC
Hammoud,badr
Quit Claim Deed
related
—
Dec 8, 2011
$10,800
Badr Hammoud
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 16, 2011
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Apr 2, 2007
$9,408
Dale Cummings
Treasurer Of Wayne County
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1060 Southfield Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
