Financial
Distress signals
Property profile

16983 W 10 Mile Rd Southfield, MI 48075

FOR LEASE
Office buildings
Property ID
US43-1158458
1,208 SF 0.17 ac lot Built 1959
Last sale Feb 2015 · $40,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a building that was converted to office use in 1993 and has been used in that capacity since then. Its interior layout includes three offices, a secretary area, and a lobby. A full basement adds additional storage capacity, with the basement area described as 1,208 square feet. The building is located on a busy commercial main road with nearby businesses and passing traffic. It is also positioned near major expressways and features a long driveway that provides parking both in

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$3k
Tax billed · 2022
Assessed value$42k
Assessed land$11k
Assessed improvement$31k
Effective rate7.20%

Value estimate

· Sep 2026
$65k
$59k – $72k
AI approach$70k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$57/SF
ZIP average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$30 – $84
Qualifying comparables10

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OS
Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and person...
General categoryUNKNOWN
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop14.6
Parking Facility11.9
Auto Parts Store11.6

Location

16983 W 10 Mile Rd Southfield, MI 48075
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20911 Boening, Southfield, MI 48075-5738 $105,000 Dec 2025 1,760 SF
20921 Mapleridge, Southfield, MI 48075-5748 $500,000 Oct 2024 1,210 SF
15639 10th Mile, Southfield, MI 48075-2188 $125,000 Jun 2024 3,604 SF
17051 10th Mile, Southfield, MI 48075-2946 $281,527 May 2023 3,184 SF
24469 Greenfield, Southfield, MI 48075-3057 $145,000 Apr 2022 2,016 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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