Property profile

18203 West 10 Mile Rd Southfield, MI 48075

FOR LEASE
Community centers
Property ID
US43-1372746
27,760 SF 2.58 ac lot Built 1965
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity presents a fully vacant, 8,800 square foot neighborhood center situated on a 2.53-acre lot at 18203-18235 West Ten Mile Road in Southfield, Michigan. The property, zoned B-1, boasts a prime location with excellent visibility and accessibility, conveniently situated near Southfield Road. Built in 1965 and renovated in 2003, the single-story building offers flexible space options, with a minimum divisible unit of 2,600 square feet and a maximum contiguous space of 6,200 square feet. Ample parking is provided with 162 spaces available for customers and employees. The property is located within the Southfield S of 10 Mile submarket in Oakland County, Michigan, and features a convenient address with easy access to major thoroughfares. This versatile space is ideal for a variety of retail or restaurant uses, presenting a unique chance to establish a thriving business in a well-established area. The property's location in Oakland County, MI, zip code 48075, offers a strong demographic profile and significant foot traffic. The building's single-story design and ample parking ensure convenient access for customers. This is a rare opportunity to lease a substantial retail space in a desirable location. The property's size and layout offer significant flexibility for potential tenants.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1965
Total area 27,760 SF
Lot 2.58 ac (112,341 SF)
Zoning code B-2
APN 76-24-26-226-002
UPID US43-1372746

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18203 West 10 Mile Rd Southfield, MI 48075
Southfield metro Census 162000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$862k
Blend (final) Blend
$680k

Owner & transaction history

since 2010
2 recorded transactions
2010
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Southfield, MI
Zoning description

The Planned Business District (B-2) is designed to service the needs of the convenience or comparison shopper. The district is generally characterized by an integrated or planned cluster of establishments served by a com…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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