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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Office buildings
20300 12th Mile Rd Southfield, MI 48076-5408
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5262442
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
33,376 SF
Lot
2.35 ac (102,366 SF)
Zoning code
OS
APN
76-24-10-479-054
UPID
US43-5262442
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
$1.65M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$1.80M
Blend (final)
Blend
$1.65M
Owner & transaction history
Mc 12 Mile LLC · 2 yrs held
Mc 12 Mile LLC
since 2024
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
OS · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
$1,650,000
ML approach
$1,650,000
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,885,000
7%
$1,750,000
Blend value · Realmo final
$1.65M
Range $1.49M – $1.82M · ±10% · vs last sale $1.65M (May 8 2024)
Last sale anchor
$1.65M
May 8 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
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
$49,172
Tax year 2022
Assessed value
$903,570
Assessed 2022
Previous assessed
$903,570
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$253,360
Assessed improvement
$650,210
Land market value
$506,720
Improvement market value
$1,300,420
Total market value
$1,807,140
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
33,376 SF
Lot
2.35 ac (102,366 SF)
Zoning code
OS
APN
76-24-10-479-054
UPID
US43-5262442
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Southfield, MI
Zoning OS · permitted uses
OS · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Southfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Mc 12 Mile LLC
Entity
Mailing address
30100 TELEGRAPH RD STE #366, BINGHAM FARMS, MI 48025-5800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
May 8, 2024
$1,650,000
Mc 12 Mile LLC
Melanie Duquesnel
Warranty Deed
—
Jun 2, 2015
—
Bbb Eastern Michigan Holdings INC
Better Business Bureau/detroit & Ea
Quit Claim Deed
related
—
Mar 11, 2015
$650,000
Better Business Bureau Of Detroit
Rgjp Associates LLC
Warranty Deed
—
Mar 25, 2005
$2,350,000
Rgjp Associates LLC
Rjs Properties
Warranty Deed
—
Feb 10, 2000
$64,000
R E Investments INC
Clayton National INC
Grant Deed
$30,000 · Individual
—
—
Rgjp Associates LLC
—
Deed Of Trust
related
$1,900,000 · National Life Insurance
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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