New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,385,000
Manufacturing properties
20941 Ee St, Southfield, MI 48033-5934
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1685149
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
52,824 SF
Lot
2.75 ac (119,746 SF)
Zoning code
I-L
APN
76-24-31-451-057
UPID
US43-1685149
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
Current use
Occupant on record · Public records
-
Reforma Group Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.39M
Owner & transaction history
Nick & Co LLC · 7 yrs held
Nick & Co LLC
since 2019
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$45 / 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
$57,252
Tax year 2022
Assessed value
$991,820
Assessed 2022
Previous assessed
$991,820
+0.0% YoY
Effective rate
5.77%
On assessed value
Assessed land
$71,860
Assessed improvement
$919,960
Land market value
$143,720
Improvement market value
$1,839,920
Total market value
$1,983,640
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Heating
FORCED AIR
Stories
1
Total area
52,824 SF
Lot
2.75 ac (119,746 SF)
Zoning code
I-L
APN
76-24-31-451-057
UPID
US43-1685149
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.
Building & site characteristics
From public records
Year built
1987
Heating
FORCED AIR
Stories
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
Nick & Co LLC
Entity
Free & Clear · 7 yrs held
Mailing address
20777 EE ST, SOUTHFIELD, MI 48033-3603
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Nov 17, 2021
—
Nick & Co LLC
—
Deed
related
$1,825,000 · Pnc Bank NA
Jan 16, 2019
—
Nick & Co LLC
Rmt Acquisition Company LLC
Deed
—
Mar 18, 2005
—
Rmt Acquisition Co LLC
Rmt Woodworth INC
Quit Claim Deed
$10,275,000 · Comerica Bank
Jul 2, 2003
—
Rmt Woodworth INC
T & G Woodworth LLC
Grant Deed
$3,000,000 · Fifth Third Bk Eastern Mi Ttee
Oct 13, 2000
—
T & G Woodworth LLC
—
Deed Of Trust
related
$5,500,000 · Bank One Michigan
—
—
Rmt Woodworth INC
—
Deed Of Trust
related
$5,500,000 · Bank One Michigan
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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