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Property profile & analytics
OFF-MARKET
Estimated value
$6,885,000
Retail space
20901 Lahser Rd 2 Southfield, MI 48033-4432
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-2365279
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
ADOBE
Total area
50,240 SF
Lot
4.26 ac (185,566 SF)
Zoning code
I-L
APN
76-24-33-476-052
UPID
US43-2365279
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
$8.26M
CAP Approach
CAP
$8.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.89M
Owner & transaction history
Msc Industrial LLC · 4 yrs held
Msc Industrial LLC
since 2022
Last sale
$6.2M
3 recorded transactions
Zoning & alternative use
I-L · 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
$8,495,000
ML approach
$8,255,000
CAP Approach
CAP Return
Estimation
6%
$9,010,000
6.5%
$8,315,000
7%
$7,725,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,330,000
Current use
Blend value · Realmo final
$6.89M
Range $6.20M – $7.57M · ±10% · vs last sale $6.20M (Feb 10 2022)
Last sale anchor
$6.20M
Feb 10 2022
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
$137 / 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
$75,536
Tax year 2022
Assessed value
$1,442,340
Assessed 2022
Previous assessed
$1,442,340
+0.0% YoY
Effective rate
5.24%
On assessed value
Assessed land
$187,440
Assessed improvement
$1,254,900
Land market value
$374,880
Improvement market value
$2,509,800
Total market value
$2,884,680
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2000
Construction
ADOBE
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
50,240 SF
Lot
4.26 ac (185,566 SF)
Zoning code
I-L
APN
76-24-33-476-052
UPID
US43-2365279
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-L · Southfield, MI
Zoning I-L · permitted uses
I-L · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.3M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
ADOBE
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
4.26 ac
Current owner
From public records · entity-resolved
Msc Industrial LLC
Entity
Mailing address
1141 LUBLIN TER, LAKEWOOD, NJ 08701-3964
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2022
$6,200,000
Msc Industrial LLC
Msc Partners LLC
Deed
$5,400,000 · Security Cu
Oct 12, 2021
—
Msc Partners LLC
—
Deed
related
$5,900,000 · Us Bank NA
Oct 9, 2014
—
Msc Partners LLC
Amoroso Inga-lil Trust
Grant Deed
—
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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