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Property profile & analytics
OFF-MARKET
Estimated value
$3,100,000
Retail space
21300 Melrose Ave Southfield, MI 48075
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1092267
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Total area
41,400 SF
Lot
3.79 ac (165,136 SF)
Zoning code
I-L
APN
76-24-34-327-036
UPID
US43-1092267
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$3.10M
Owner & transaction history
Landmark Infrastructure Operating C · 3 yrs held
Landmark Infrastructure Operating C
since 2022
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.10M
Range $2.79M – $3.41M · ±10%
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
$75 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$61,743
Tax year 2021
Assessed value
$1,094,720
Assessed 2022
Previous assessed
$1,094,720
+0.0% YoY
Effective rate
5.64%
On assessed value
Assessed land
$166,770
Assessed improvement
$927,950
Land market value
$333,540
Improvement market value
$1,855,900
Total market value
$2,189,440
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
1987
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
41,400 SF
Lot
3.79 ac (165,136 SF)
Zoning code
I-L
APN
76-24-34-327-036
UPID
US43-1092267
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
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Landmark Infrastructure Operating C
Individual
Mailing address
PO BOX 3429, EL SEGUNDO, CA 90245-8590
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
Melrose Ten LLC
—
Deed
related
$23,000,000 · Bellco Cu
Nov 14, 2022
—
Landmark Infrastructure Operating C
Landmark Infrastructure Holding Co
Assignment Of Lease (leasehold Sale)
—
Aug 31, 2022
—
Melrose Ten LLC
—
Deed
related
$7,250,000 · Sandia Area FCU
Aug 4, 2021
—
Melrose Ten LLC
Cbp Re5 LLC
Warranty Deed
$3,000,000 · Sharestates Investments LLC
Jan 16, 2007
—
Central Business Park Re3 LLC
Central Business Park Re2 LLC
Quit Claim Deed
related
—
Feb 27, 2004
—
Southfield Technecenter Re2 Ll
Southfield Technecenter Ep LLC
Quit Claim Deed
related
$27,000,000 · Teachers Insurance & Annuity
—
—
Talk America INC
—
Deed Of Trust
related
—
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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