Realmo Analytics

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Property profile

20180 W Twelve Mile Rd Southfield, MI 48076

FOR SALE
Medical Office Space
View Listing
Property ID
US43-1280251
9,052 SF 0.97 ac lot Built 1965
Last sale Aug 2012 · $290,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 9,052-square-foot medical office building, located at 20180 W Twelve Mile Road in Southfield, Michigan, presents a compelling investment opportunity. Built in 1973 and extensively renovated in 2013, the property boasts a strong net operating income (NOI) of $155,000. The building is situated on a 0.97-acre lot and features ample parking, providing a 7:1,000 sq ft ratio. The property is currently leased under a triple-net (NNN) lease to multiple tenants. The asking price is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$15k
Tax billed · 2022
Assessed value$225k
Assessed land$105k
Assessed improvement$120k
Effective rate6.54%

Value estimate

· Oct 2026
$825k
$743k – $908k
AI approach$785k
NOI build-up
Gross scheduled income$228k
Vacancy & credit loss−$24k
Operating expenses−$82k
NOI · 6.12% cap applied$122k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$290/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$87 – $458
Qualifying comparables5

Cap rate analysis

How does the asset earn?
6.12%
$122k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OS
Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and person...
General categoryUNKNOWN
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 agency19.4
Building Supply14.3
Restaurant11.7

Location

20180 W Twelve Mile Rd Southfield, MI 48076
County assessor Recorded deeds · 13 transfers 5 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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18500 12th Mile, Southfield, MI 48076-2674 $420,000 Mar 2024 5,898 SF
20400 12th Mile, Southfield, MI 48076-5415 $500,000 Dec 2023 2,800 SF
29405 Greenfield, Southfield, MI 48076-2226 $420,000 Nov 2023 2,720 SF
26615 Greenfield, Southfield, MI 48076-7208 $495,000 Jan 2023 4,196 SF
17040 12th Mile, Southfield, MI 48076-2131 $650,000 Oct 2022 8,588 SF
21751 11th Mile, Southfield, MI 48076-3712 $800,000 Oct 2020 17,652 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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