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    Property profile & analytics

    20066 8th Mile Rd Southfield, MI 48075-5627

    • Drive through restaurants
    • 2,586 SF
    • 1.04 lot acres
    OFF-MARKET
    Value Estimation
    $1,590,000
    Last Sale
    Oct 23, 2023
    $1,451,450
    Location Intelligence
    Property ID
    US43-0245874
    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

    • Drive through restaurants

    Property Details for 20066 8th Mile Rd

    Year built
    1980
    Lot size
    1.04 lot acres
    Property size
    2,586 SF
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    76-24-34-479-024
    APU
    762434479024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,520,000
      6.5%
      $1,365,000
      7%
      $1,345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,495,000
      Geo Method
      $1,370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,450,000
      Retail
      $1,310,000
      Mixed-Use
      $1,220,000
      Hospitality
      $1,210,000
      Educational
      $1,205,000
      Residential Income
      $1,195,000
      Energy
      $1,370,000
      Income-Based Land
      $1,370,000
      Food Service
      $1,540,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2408
    Latitude
    42.4445
    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
    $23,840
    $158,760
    $211,380
    $370,140
    -
    $317,520
    $422,760
    $740,280

    Comparable in this City

    • Value Estimation
      $475,000
      3,791 SF

      24999 Northwestern Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,791 SF
      24999 Northwestern Hwy, Southfield, MI 48075-2202
      View Details
    • Value Estimation
      $330,000
      2,414 SF

      22111 Greenfield Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,414 SF
      22111 Greenfield Rd, Southfield, MI 48075-3704
      View Details
    • Value Estimation
      $455,000
      6,242 SF

      23501 Greenfield Rd

      RESTAURANT • 6,242 SF
      23501 Greenfield Rd, Southfield, MI 48075-3762
      View Details
    • Value Estimation by Request
      520 SF

      24818 Southfield Rd

      RESTAURANT • 520 SF
      24818 Southfield Rd, Southfield, MI 48075-2743
      View Details
    • Value Estimation
      $285,000
      2,800 SF

      18680 8th Mile Rd

      RESTAURANT • 2,800 SF
      18680 8th Mile Rd, Southfield, MI 48075-4128
      View Details
    • Value Estimation
      $415,000
      8,237 SF

      25050 Northwestern Hwy

      RESTAURANT • 8,237 SF
      25050 Northwestern Hwy, Southfield, MI 48075-1007
      View Details

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    Similar Nearby for Lease

    • $17 SF/Yr
      8,800 SF

      West Ten Mile Rd Retail Center

      Southfield, MI: 8,800 SF Retail Space Available
      18203 10 Mile Rd, Southfield, MI 48075
      View Details
    • $20 SF/Yr
      3,015 SF

      Prime Southfield Road Commercial Space

      3,015 SF commercial space with high visibility and flexible zoning.
      24758 Southfield Rd, Southfield, MI 48075
      View Details
    • $17 SF/Yr
      6,200 SF

      Southfield Retail, Restaurant, Medical Space

      Retail, restaurant, or medical space in neighborhood plaza for rent.
      18203-18235 West 10 Mile Rd, Southfield, MI 48075
      View Details
    • Contact for pricing
      18,563 SF

      Southfield Retail Space - 18,563 SF

      Prime Southfield retail space, 18,563 sq ft, available now.
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      View Details
    • $15,000 /Mo

      Southfield Retail/Office Space Available

      Retail and office spaces for lease in Southfield, Michigan.
      16200 Northland Dr, Southfield, MI 48075
      View Details
    • $10 SF/Yr
      36,000 SF

      Southfield Office Space Available

      36,000 SF Office Building, Flexible Zoning
      18000 Eight Mile Rd, Southfield, MI 48075
      View Details

    Property Visit Statistics

    • Visits by month
      14.5k
    • Visitors by month
      9.2k
    • Avg Time on site
      8 min
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    Southfield, MI 48075-5627
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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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