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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
20050 12th Mile Rd Southfield, MI 48076-2428
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US43-0096729
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1964
Total area
2,100 SF
Lot
0.6 ac (26,092 SF)
Zoning code
R-4
APN
76-24-10-479-027
UPID
US43-0096729
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Twelve-evergreen Inv LLC · 16 yrs held
Twelve-evergreen Inv LLC
since 2009
6 recorded transactions
Zoning & alternative use
R-4 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zone name
Single Family
General category
RESIDENTIAL
Zone area
1,491.66 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$20,376
Tax year 2022
Assessed value
$420,150
Assessed 2022
Previous assessed
$420,150
+0.0% YoY
Effective rate
4.85%
On assessed value
Assessed land
$96,050
Assessed improvement
$324,100
Land market value
$192,100
Improvement market value
$648,200
Total market value
$840,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1964
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,100 SF
Lot
0.6 ac (26,092 SF)
Zoning code
R-4
APN
76-24-10-479-027
UPID
US43-0096729
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Southfield, MIZoning R-4 · permitted uses
R-4 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
Zone name
Single Family
General category
RESIDENTIAL
Zone area
1,491.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Twelve-evergreen Inv LLC
Entity
Mailing address
20050 W 12TH MILE RD, SOUTHFIELD, MI 48076-2428
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2009
—
Twelve-evergreen Inv LLC
Steven E Smith & Associates
Quit Claim Deed
related
$498,538 · High Pointe Oil Co
Dec 2, 2004
—
Mammo Petroleum LLC
12 & Evergreen D & D Svc INC
Quit Claim Deed
related
$1,100,000 · Comerica Bank
Nov 29, 2004
$805,000
12 & Evergreen D & D Svc INC
Equilon Ents LLC
Grant Deed
—
—
—
Mammo Petroleum LLC
—
Deed Of Trust
related
$50,000 · Comerica Bank
—
—
Mammo Petroleum LLC
—
Deed Of Trust
related
$300,000 · Comerica Bank
—
—
Twelve-evergreen Inv LLC
—
Deed Of Trust
related
$700,000 · Bank Of Birmingham
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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