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Property profile & analytics
OFF-MARKET
Estimated value
$6,570,000
Drug stores
18130 10th Mile Rd, Southfield, MI 48075-2630
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0553932
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2003
Total area
10,653 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B-3
APN
76-24-23-483-009
UPID
US43-0553932
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
-
CVS Pharmacy Pharmacy
-
Buy Bitcoin Crypto Atm
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CVS Pharmacy
-
UPS Access Point location Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.57M
Owner & transaction history
Michigan Realty Holdings LLC · 4 yrs held
Michigan Realty Holdings LLC
since 2022
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
B-3 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield 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
$6,735,000
ML approach
$6,840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.57M
Range $5.91M – $7.23M · ±10% · vs last sale $6.35M (Feb 9 2022)
Last sale anchor
$6.35M
Feb 9 2022
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
$617 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$53,256
Tax year 2022
Assessed value
$813,990
Assessed 2022
Previous assessed
$813,990
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$203,870
Assessed improvement
$610,120
Land market value
$407,740
Improvement market value
$1,220,240
Total market value
$1,627,980
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
10,653 SF
Lot
1.44 ac (62,726 SF)
Zoning code
B-3
APN
76-24-23-483-009
UPID
US43-0553932
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MI
Zoning B-3 · permitted uses
B-3 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.44 ac
Current owner
From public records · entity-resolved
Michigan Realty Holdings LLC
Entity
Mailing address
3280 WARDS PT DR, ORCHARD LAKE, MI 48324-1651
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$6,350,000
Michigan Realty Holdings LLC
431 West Lincoln Avenue LLC
Warranty Deed
$3,800,000 · Citizens Bank NA
Oct 22, 2021
—
Bruce Orlefsky
431 W Lincoln Ave LLC
Correction Deed
related
—
Oct 6, 2021
—
431 W Lincoln Ave LLC
Southfield 10 Co LLC
Deed
$3,908,200 · The Farmers & Merchants State Bank
Aug 11, 2004
—
Ubs Real Estate Inv INC
Bond Street Capital Corp
Grant Deed
related
$1 · Bond Street Capital Corp
—
—
Southfield 10 Co LLC
—
Deed Of Trust
related
$2,935,000 · Bond Street Capital Corp
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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