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    12985 Northline Rd Southgate, MI 48195-1182
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    Property profile & analytics

    12985 Northline Rd Southgate, MI 48195-1182

    View on Map
    • Medical Office Space
    • 2,800 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US43-1605683
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Orthosynetics / Dental Office
    • Josephine Finazzo, DMD / Dental Office
    • Finazzo Orthodontic Specialists / Dental Office
    • Chrysalis Developmental Homes / Nursing Home / Social Service Agency
    • Alliance Income Tax & Accounting Inc / Accounting Firm / Tax Preparation

    Property Details for 12985 Northline Rd

    Year built
    1975
    Lot size
    0.37 lot acres
    Property size
    2,800 SF
    Zone code
    C-1 COMM BUS
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    53 017 04 1609 000
    APU
    53017041609000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southgate
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1843
    Latitude
    42.2135
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,535
    $0.00
    $0.00
    $217,000
    -
    $0.00
    $0.00
    $434,000

    Comparable in this City

    • Value Estimation
      $560,000
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      15675 Northline Rd

      MEDICAL BUILDING • 5,959 SF
      15675 Northline Rd, Southgate, MI 48195-2334
      View Details
    • Value Estimation by Request
      2,720 SF

      13650 Ft St

      MEDICAL BUILDING • 2,720 SF
      13650 Ft St, Southgate, MI 48195-1152
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    • Value Estimation by Request
      1,624 SF

      12967 Northline Rd

      MEDICAL BUILDING • 1,624 SF
      12967 Northline Rd, Southgate, MI 48195-1111
      View Details
    • Value Estimation by Request
      1,250 SF

      15173 Eureka Rd

      MEDICAL BUILDING • 1,250 SF
      15173 Eureka Rd, Southgate, MI 48195-2637
      View Details
    • Value Estimation
      $920,000
      9,760 SF

      15150 Ft St

      MEDICAL BUILDING • 9,760 SF
      15150 Ft St, Southgate, MI 48195-1302
      View Details
    • Value Estimation by Request
      4,388 SF

      13460 Ft St

      MEDICAL BUILDING • 4,388 SF
      13460 Ft St, Southgate, MI 48195-1138
      View Details

    Similar Nearby for Sale

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    • $99,900
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      Southgate Property with Business Potential

      Residential property in Southgate, MI, with potential for business conversion.
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      Southgate Retail/Office Opportunity

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    • Contact for pricing
      1,000 SF

      Office Unit Near I-75

      Office unit with build-out near I-75 and Eureka Rd.
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      Renovated Office Building For Sale

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    Similar Nearby for Lease

    • $1,750 /Mo

      Renovated Commercial Space Available

      Fully renovated, flexible commercial space suitable for various businesses.
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    • $1,750 /Mo

      Renovated Commercial Space For Lease

      Fully renovated commercial space, move-in ready for various businesses.
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    • $2,500 /Mo

      Versatile Commercial Space Available

      2,500 sq ft commercial space suitable for various businesses.
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    • $1,750 /Mo

      Renovated Commercial Space Available

      Fully renovated commercial space, move-in ready for various businesses.
      13655 Northline Rd, Southgate, MI 48195
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    • Contact for pricing
      2,300 SF

      Retail or Office Space Available

      Retail or office spaces available at Allen and Goddard Roads.
      11055 Allen Rd, Southgate, MI 48195
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    Southgate, MI 48195-1182
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    12985 Northline Rd, Southgate, MI, 48195
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