Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR LEASE
    Drug stores

    19993 W Twelve Mile Rd, Southfield, MI 48076

    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
    $1.90M
    Owner & transaction history
    Philippi LLC · 1 yrs held
    Philippi LLC
    since 2024
    4 recorded transactions
    2024
    2014
    1999
    1998
    Zoning & alternative use
    B-2 · Southfield, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.1M +28.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message