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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
13080 Eureka Rd, Southgate, MI 48195-1346
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-0553322
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
9,800 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2 GEN BUS
APN
53 018 02 0073 001
UPID
US43-0553322
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
-
Dr. Martin I. Apple, MD Physician
-
Castleman Eye Center Ophthalmologist
-
Snigdha Singh, MD Ophthalmologist
-
Dr. James R. Valice Ophthalmologist
-
Dr. Tiffany Humes Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$686k
Blend (final)
Blend
$685k
Owner & transaction history
S & S Rental Property LLC · 13 yrs held
S & S Rental Property LLC
since 2013
5 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+13.1%
Restaurant
$1.0M
+6.6%
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 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
Alternative Use
Use
Estimation
OFFICE BUILDING
$950,000
Current use
COMMERCIAL (GENERAL)
$1,075,000
Change: +13% · Conversion: Easy
RESTAURANT
$1,015,000
Change: +7% · Conversion: Moderate
MEDICAL BUILDING
$925,000
Change: -3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$685k
Range $617k – $754k · ±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
$70 / 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
$22,460
Tax year 2023
Assessed value
$300,600
Assessed 2024
Previous assessed
$289,100
+4.0% YoY
Effective rate
7.47%
On assessed value
Total market value
$601,200
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
1956
Heating
FORCED AIR
Stories
2
Total area
9,800 SF
Lot
0.15 ac (6,534 SF)
Zoning code
C-2 GEN BUS
APN
53 018 02 0073 001
UPID
US43-0553322
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Zoning C-2 GEN BUS · permitted uses
C-2 GEN BUS · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$950,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$925,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$780,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1956
Heating
FORCED AIR
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
S & S Rental Property LLC
Entity
Mailing address
13080 EUREKA RD, SOUTHGATE, MI 48195-1346
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2013
$530,000
S & S Rental Property LLC
13080 Eureka Road LLC
Grant Deed
$440,000 · Citizens Federal Bank Fsb
Aug 10, 2012
$457,500
13080 Eureka Road LLC
Micb-dcb Re Holdings Vii LLC
Grant Deed
—
Mar 17, 2011
$514,000
Micb-dcb Re Holdings Vii LLC
Deputy Sheriff Of Wayne County
Trustees Deed
related
—
Dec 8, 2004
—
Woolsey Realty INC
Rw & Sg Properties INC
Quit Claim Deed
related
$950,000 · Detroit Commerce Bank
Feb 10, 2004
$500,000
Rw In
Richter,fay
Warranty 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.
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