Property profile

20320 8th Mile Rd Southfield, MI 48075

OFF-MARKET
Strip malls
Property ID
US43-1292771
35,789 SF 3.05 ac lot Built 1998
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Total area 35,789 SF
Lot 3.05 ac (132,858 SF)
Zoning code B-3
APN 76-24-34-479-025
UPID US43-1292771

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Party Supply Store (Bike/Boat/Book/etc) Store

Location

20320 8th Mile Rd Southfield, MI 48075-5626
Southfield metro Census 162400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$800k

Owner & transaction history

since 2010
6 recorded transactions
2020
Price N/A
2017
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Southfield, MI
Zoning description

The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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