Financial
Distress signals
Property profile

19993 12th Mile Rd Southfield, MI 48076

OFF-MARKET
Drug stores
Property ID
US43-1069342
10,830 SF 1.39 ac lot Built 1998
Last sale Nov 2024
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a retail space totaling 10,880 square feet, located within a grocery-anchored shopping center. The center includes national co-tenants such as Kroger, The UPS Store, Subway, Express Med Urgent Care, New York Bagel Bakery, and Dollar Village. The site is positioned at a signalized intersection and provides multiple curb cuts for access. The property is situated in an area with established retail foot traffic and visibility, with ample on-site parking available and provisions for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$33k
Tax billed · 2022
Assessed value$731k
Assessed land$197k
Assessed improvement$534k
Effective rate4.47%

Value estimate

· Sep 2026
$430k
$387k – $473k
CAP approach$1.80M
Submarket $/SF estimate$2.45M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$77 – $307
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
The Planned Business District (B-2) is designed to service the needs of the convenience or comparison shopper. The district is generally ...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.9
Building Supply38.1
Restaurant34.8

Location

19993 12th Mile Rd Southfield, MI 48076-2591
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29085 Evergreen, Southfield, MI 48076-5008 $900,000 Feb 2026 3,680 SF
20000 12th Mile, Southfield, MI 48076-2428 $1,200,000 May 2025 5,478 SF
28901 Greenfield, Southfield, MI 48076-7120 $7,826,154 Nov 2021 14,370 SF
29131 Greenfield, Southfield, MI 48076 $1,500,000 Jan 2019 10,808 SF
29111 Greenfield, Southfield, MI 48076-5831 $1,500,000 Jan 2019 4,219 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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