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Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Retail space
13697 Dix Toledo Rd Southgate, MI 48195-2431
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1000976
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
8,372 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2 GEN BUS
APN
53 010 01 0128 000
UPID
US43-1000976
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
-
Southgate Animal Hospital Veterinary Clinic
-
Walters Lisa DVM Veterinary Clinic
-
Cook Eileen DVM Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.04M
Owner & transaction history
Terravet Southgate LLC · 3 yrs held
Terravet Southgate LLC
since 2022
7 recorded transactions
Zoning & alternative use
C-2 GEN BUS · Southgate, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$920,000
+44.2%
Restaurant
$865,000
+36.0%
Office building
$815,000
+27.5%
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
RETAIL STORES
$640,000
Current use
COMMERCIAL (GENERAL)
$920,000
Change: +44% · Conversion: Easy
RESTAURANT
$865,000
Change: +36% · Conversion: Easy
OFFICE BUILDING
$815,000
Change: +28% · Conversion: Easy
MEDICAL BUILDING
$790,000
Change: +24% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$124 / 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
$27,186
Tax year 2023
Assessed value
$376,100
Assessed 2024
Previous assessed
$348,600
+7.9% YoY
Effective rate
7.23%
On assessed value
Total market value
$752,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
FORCED AIR
Stories
1
Total area
8,372 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2 GEN BUS
APN
53 010 01 0128 000
UPID
US43-1000976
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
RETAIL STORES Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$920,000
RESTAURANT
Est. value
$865,000
OFFICE BUILDING
Est. value
$815,000
MEDICAL BUILDING
Est. value
$790,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
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
1948
Heating
FORCED AIR
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Terravet Southgate LLC
Entity
Free & Clear · 3 yrs held
Mailing address
33 ROCK HL RD STE #320, BALA CYNWYD, PA 19004-2056
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2022
—
Terravet Southgate LLC
—
Deed
related
$120,000,000 · Key Bank NA
Aug 1, 2022
—
Terravet Southgate LLC
Sah Property LLC
Warranty Deed
—
Jan 9, 2012
—
Sah Property LLC
Cook,keith G & Eileen A
Quit Claim Deed
related
—
Dec 21, 2009
—
Keith G Cook
Stoutenburgh,louis & Christine
Quit Claim Deed
related
—
Aug 1, 2008
$575,000
Keith G Cook
Mckinzie,john & Marian
Warranty Deed
—
Jul 31, 2008
—
Keith Cook
—
Trustees Deed
related
$1,400,000 · Bank Of Auburn Hills
—
—
Keith G Cook
—
Deed Of Trust
related
$616,000 · Michigan Certified Development
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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