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Property profile & analytics
FOR LEASE
Manufacturing properties
12155 Southfield Fwy, Detroit, MI 48228
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4489139
For Lease
1 / 6
$940,000
12155 Southfield Fwy, Detroit, MI 48228
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
14,727 SF
Lot
42.6 ac (1,855,656 SF)
Zoning code
M4
APN
22074261.004
UPID
US43-4489139
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
$999k
Blend (final)
Blend
$940k
Owner & transaction history
Gpss Southfield Owner LLC · 2 yrs held
Gpss Southfield Owner LLC
since 2024
7 recorded transactions
Zoning & alternative use
M4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+127.2%
Restaurant
$1.3M
+127.1%
Neighborhood: shopping center
$1.1M
+88.6%
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 Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$590,000
Current use
COMMERCIAL (GENERAL)
$1,345,000
Change: +127% · Conversion: Difficult
RESTAURANT
$1,345,000
Change: +127% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,115,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: +88% · Conversion: Moderate
MEDICAL BUILDING
$930,000
Change: +57% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±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
$64 / 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
$83,130
Tax year 2023
Assessed value
$1,429,900
Assessed 2024
Previous assessed
$1,429,900
+0.0% YoY
Effective rate
5.81%
On assessed value
Total market value
$2,859,800
Applied tax rate
82,010.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Heating
FORCED AIR
Stories
1
Total area
14,727 SF
Lot
42.6 ac (1,855,656 SF)
Zoning code
M4
APN
22074261.004
UPID
US43-4489139
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
M4 · Detroit, MI
Zoning M4 · permitted uses
M4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$930,000
OFFICE BUILDING
Est. value
$910,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
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
1968
Heating
FORCED AIR
Stories
1
Lot
42.6 ac
Current owner
From public records · entity-resolved
Gpss Southfield Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
210 W BARTON SPGS RD, AUSTIN, TX 78704-1254
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
Gpss Southfield Owner LLC
—
Deed
related
$70,800,000 · Rlcf Properties LLC
Jun 21, 2024
—
Gpss Southfield Owner LLC
Amar Logistics INC
Special Warranty Deed
—
May 31, 2023
—
Amar Logistics INC
—
Deed
related
$2,860 · Toronto Dominion Bank
Mar 29, 2023
—
Amar Logistics INC
Mullins Borman LLC
Deed
—
Aug 23, 2018
—
Verndale Products INC
—
Deed
related
—
Apr 27, 2016
$1,050,000
Mullins Borman LLC
Borman LLC
Grant Deed
related
—
Jan 18, 2012
$2,100,000
Msci 2006-hq10 Borman Avenue L
Deputy Sheriff Of Wayne County
Foreclosure
—
—
—
Ld Acquisition Co 12 LLC
—
Deed Of Trust
related
$115,000,000 · Regions Bk
—
—
Verndale Products INC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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