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    Property profile & analytics

    20180 12th Mile Rd Southfield, MI 48076-5412

    • Medical offices
    • 9,052 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimation
    $810,000
    Last Sale
    May 05, 2023
    $720,000
    Location Intelligence
    Property ID
    US43-1280251
    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

    • Medical offices

    Property Details for 20180 12th Mile Rd

    Year built
    1965
    Lot size
    0.97 lot acres
    Property size
    9,052 SF
    Zone code
    OS
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    76-24-10-479-056
    APU
    762410479056

    Description

    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 $2,000,000, translating to a price per square foot of $220.94. Its prime location offers convenient access to I-696 and Evergreen Road, ensuring high visibility and accessibility for patients and staff. The building benefits from prominent exterior monument signage on Twelve Mile Road. Its proximity to Corewell Health Royal Oak and local retail amenities further enhances its appeal. This well-maintained property represents a stable and attractive investment in a thriving medical market. The property's 9,052 square feet of net rentable space makes it an ideal investment for those seeking a strong return in the Southfield, Oakland County area (zip code 48076).

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $825,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $690,000
      7%
      $815,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $650,000
      Geo Method
      $765,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $805,000
      Retail
      $905,000
      Mixed-Use
      $720,000
      Hospitality
      $890,000
      Educational
      $685,000
      Residential Income
      $815,000
      Energy
      $790,000
      Income-Based Land
      $880,000
      Food Service
      $775,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2434
    Latitude
    42.5024
    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
    $14,738
    $104,780
    $120,480
    $225,260
    -
    $209,560
    $240,960
    $450,520

    Comparable in this City

    • Value Estimation
      $420,000
      5,898 SF

      18500 12th Mile Rd

      MEDICAL BUILDING • 5,898 SF
      18500 12th Mile Rd, Southfield, MI 48076-2674
      View Details
    • Value Estimation by Request
      9,542 SF

      28500 Southfield Rd

      MEDICAL BUILDING • 9,542 SF
      28500 Southfield Rd, Lathrup Village, MI 48076-2722
      View Details
    • Value Estimation by Request
      1,739 SF

      27241 Southfield Rd

      MEDICAL BUILDING • 1,739 SF
      27241 Southfield Rd, Lathrup Village, MI 48076-3406
      View Details
    • Value Estimation
      $455,000
      11,024 SF

      17070 12th Mile Rd

      MEDICAL BUILDING • 11,024 SF
      17070 12th Mile Rd, Southfield, MI 48076-2116
      View Details
    • Value Estimation by Request
      11,550 SF

      16310 12th Mile Rd

      MEDICAL BUILDING • 11,550 SF
      16310 12th Mile Rd, Southfield, MI 48076-2925
      View Details
    • Value Estimation
      $335,000
      7,568 SF

      28437 Greenfield Rd

      MEDICAL BUILDING • 7,568 SF
      28437 Greenfield Rd, Southfield, MI 48076-3045
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $549,900
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      Mixed-Use Property in Oakland, MI

      High-visibility commercial space with stable rental income and prime exposure.
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    • Contact for pricing
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      Eschels Financial Center: Premier Office Space

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    Similar Nearby for Lease

    • $14 SF/Yr
      11,024 SF

      Southfield Medical Office Suites

      Prime Medical Office Space Available
      17070 Twelve Mile Rd, Southfield, MI 48076
      View Details
    • $18 SF/Yr
      8,485 SF

      Lathrup Village Medical Office Space

      Prime Medical Office, 8,485 SF, Oakland County
      26245 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $3,500 /Mo

      Lathrup Village Retail/Office Space

      1,700 SF commercial space on Southfield Road for lease.
      28911 Southfield Rd, Lathrup Village, MI 48076
      View Details
    • $35 SF/Yr
      48,900 SF

      Southfield Medical Office Space For Lease

      Class A Medical Office Building, 48,900 SF Available
      0 Nwc Of Evergreen Rd And Civic Ctr Dr, Southfield, MI 48076
      View Details
    • $18 SF/Yr
      2,640 SF

      Southfield Medical Office Space Available

      Centrally located medical office space with on-site owner.
      26245 Southfield Rd, Southfield, MI 48076
      View Details
    • $12 SF/Yr
      1,439 SF

      Southfield Office/Medical Space Available

      Multi-tenant office/medical building near major cities and Beaumont Royal Oak.
      17220 12 Mile Rd, Southfield, MI 48076
      View Details
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    Southfield, MI 48076-5412
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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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