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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
15750 Northline Rd, Southgate, MI 48195-2378
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0035574
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
6,705 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C-2 GEN BUS
APN
53 005 99 0001 713
UPID
US43-0035574
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
-
Frost Kelli L Physician
-
Lawrence Rya E Physician
-
Gabrielle Nadeau Physician
-
Premier Neurology & Pain Specialists Medical Clinic
-
Step Up Physical Therapy Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$820k
Owner & transaction history
15750 Northline LLC · 5 yrs held
15750 Northline LLC
since 2021
Last sale
$850,000
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)
$735,000
+16.6%
Restaurant
$695,000
+10.0%
Office building
$650,000
+3.1%
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
$855,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,175,000
6.5%
$1,085,000
7%
$1,010,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$630,000
Current use
COMMERCIAL (GENERAL)
$735,000
Change: +17% · Conversion: Easy
RESTAURANT
$695,000
Change: +10% · Conversion: Difficult
OFFICE BUILDING
$650,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$510,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±10% · vs last sale $850k (Jun 2 2021)
Last sale anchor
$850k
Jun 2 2021
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
$122 / 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
$34,172
Tax year 2023
Assessed value
$432,700
Assessed 2024
Previous assessed
$420,100
+3.0% YoY
Effective rate
7.90%
On assessed value
Total market value
$865,400
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
6,705 SF
Lot
1.78 ac (77,537 SF)
Zoning code
C-2 GEN BUS
APN
53 005 99 0001 713
UPID
US43-0035574
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
MEDICAL BUILDING Current
Est. value
$630,000
COMMERCIAL (GENERAL)
Est. value
$735,000
RESTAURANT
Est. value
$695,000
OFFICE BUILDING
Est. value
$650,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
RETAIL STORES
Est. value
$510,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1997
Heating
FORCED AIR
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
15750 Northline LLC
Entity
Mailing address
47890 MANORWOOD DR, NORTHVILLE, MI 48168-8480
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
Jun 2, 2021
$850,000
15750 Northline LLC
Novi Properties LLC
Warranty Deed
$680,000 · The Huntington National Bank
Jun 2, 2021
—
15750 Northline LLC
—
Deed
related
$370,000 · The Huntington National Bank
May 12, 2020
—
Novi Partners LLC
Tpw Investments LLC
Quit Claim Deed
related
—
Apr 3, 2017
—
T P W Investments
—
Deed
related
$389,972 · Bank Of America NA
Feb 19, 2004
$965,000
Tpw Investments LLC
Comerica Bank
Grant Deed
—
—
—
Tpw Investments LLC
—
Deed Of Trust
related
$654,956 · Huntington National Bank
—
—
Tpw Investments LLC
—
Deed Of Trust
related
$410,000 · Lotus Bank
—
—
Tpw Investments LLC
—
Deed Of Trust
related
$1,240,000 · Lotus Bank
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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