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    Property profile & analytics

    19993 W 12 Mile Rd Southfield, MI 48076

    • Drug stores
    • 10,830 SF
    • 1.39 lot acres
    For Lease
    View listing
    Value Estimation
    $500,000
    Last Sale
    Nov 12, 2024
    Location Intelligence
    Property ID
    US43-1069342
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drug stores

    Property Details for 19993 W 12 Mile Rd

    Year built
    1998
    Lot size
    1.39 lot acres
    Property size
    10,830 SF
    Zone code
    B-2
    Property type
    Drug stores
    APN
    76-24-14-101-277
    APU
    762414101277

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $430,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $650,000
      7%
      $600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $535,000
      Geo Method
      $680,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $625,000
      Mixed-Use
      $560,000
      Hospitality
      $565,000
      Educational
      $640,000
      Residential Income
      $500,000
      Energy
      $620,000
      Income-Based Land
      $615,000
      Food Service
      $595,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2405
    Latitude
    42.5015
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $32,668
    $196,780
    $534,450
    $731,230
    -
    $393,560
    $1,068,900
    $1,462,460

    Comparable in this City

    • Value Estimation by Request
      13,314 SF

      30920 Southfield Rd

      DRUG STORE, PHARMACY • 13,314 SF
      30920 Southfield Rd, Southfield, MI 48076-7738
      View Details
    • Value Estimation
      $655,000
      10,808 SF

      29131 Greenfield Rd

      DRUG STORE, PHARMACY • 10,808 SF
      29131 Greenfield Rd, Southfield, MI 48076
      View Details
    • Value Estimation
      $8,050,000
      14,370 SF

      28901 Greenfield Rd

      DRUG STORE, PHARMACY • 14,370 SF
      28901 Greenfield Rd, Southfield, MI 48076-7120
      View Details
    • Value Estimation by Request
      3,172 SF

      26811 Southfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,172 SF
      26811 Southfield Rd, Lathrup Village, MI 48076-4534
      View Details
    • Value Estimation by Request
      8,810 SF

      28927 Southfield Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,810 SF
      28927 Southfield Rd, Lathrup Village, MI 48076-2720
      View Details
    • Value Estimation by Request
      3,680 SF

      29085 Evergreen Rd

      GROCERY, SUPERMARKET • 3,680 SF
      29085 Evergreen Rd, Southfield, MI 48076-5008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Mixed-Use Property in Oakland, MI

      High-visibility commercial space with stable rental income and prime exposure.
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    Similar Nearby for Lease

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      Retail spaces available in high-traffic location near major retailers.
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      Retail Space in Grocery-Anchored Center

      Retail space available in Southfield, MI with national co-tenants.
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    • Contact for pricing
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      Grocery Anchored Retail Space Available

      Retail space in grocery-anchored center with high visibility.
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      View Details
    • Contact for pricing
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      Retail Space in Grocery-Anchored Center

      Retail space available in Southfield, MI with national co-tenants.
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      View Details
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    Southfield, MI 48076
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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