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Property profile & analytics
OFF-MARKET Estimated value $430,000
Drug stores

19993 12th Mile Rd Southfield, MI 48076-2591

10,830 SF 1.39 ac lot Built 1998
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1069342
Property summary
AI-generated overview

This exceptional 10,880-square-foot retail space is ideally situated at 19993 W. 12 Mile Rd in Southfield, Michigan, within Oakland County. The property boasts a prominent location and is currently entirely vacant, presenting a unique opportunity for a single tenant or multiple tenants to establish their business. The building's total square footage is 10,880 square feet, all of which is available for lease. The expansive 1.39-acre lot provides ample parking for customers and employees, with 45 spaces readily available. The property is classified as retail commercial space with multiple tenancy options. This prime location in Southfield offers excellent visibility and accessibility, making it an attractive proposition for a variety of retail businesses. The property's previous use as a CVS pharmacy speaks to its suitability for a high-traffic retail operation. The address is 19993 W 12 Mile Rd, Southfield, MI 48076. Interested parties are encouraged to inquire further to explore the possibilities this exceptional retail space offers. The property is ready for immediate occupancy.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 1998
Total area 10,830 SF
Lot 1.39 ac (60,548 SF)
Zoning code B-2
APN 76-24-14-101-277
UPID US43-1069342
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.80M
Comparable Approach Comparable
$2.45M
Blend (final) Blend
$430k
Owner & transaction history
Philippi LLC · 1 yrs held
Philippi LLC
since 2024
4 recorded transactions
2024
Price N/A
2014
Price N/A
1999
Price N/A
1998
Price N/A
Zoning & alternative use
B-2 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 common parking area and generating large volumes of vehicular and pedestrian traffic

Zone name Planned Business
General category COMMERCIAL
Zone area 109.05 ac
Source Realmo
Top alternative use upside
Medical building $3.1M +28.7%
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