21380 Telegraph Rd Southfield, MI 48033-4217
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Estimated value (blended)
$875k
Range $788k – $963k (±10%)
Property ID
US43-0052173
Property summary
AI-generated overview
This exceptional Southfield, MI retail property, located at 21380 Telegraph Rd, offers 14,315 square feet on a NNN lease for $10.50/SF/year. The building, constructed in 1963, boasts I-1 zoning, permitting diverse industrial and commercial uses. Its prime location at the crossroads of Telegraph and Eight Mile Roads provides exceptional visibility, with 54,605 vehicles passing daily on Telegraph Road. The property features 104 feet of frontage, ample parking (30 spaces), and a dock well for convenient loading. The roof is in good condition, and the building benefits from high-voltage power. Its strategic location offers easy access to I-96 and I-696, and is within 30 minutes of Detroit Metropolitan Wayne County Airport. Across the street from Lear Corp., this property presents a compelling investment opportunity for a wide range of businesses. This is a rare chance to acquire a well-located, versatile commercial space in a thriving area.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1963
Total area
14,140 SF
Lot
1.75 ac (76,404 SF)
Zoning code
I-1
APN
76-24-33-301-004
UPID
US43-0052173
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
-
Furniture & Home Goods Home Decor Store
-
Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$860k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
since 2022
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
I-1 · Southfield, MI
Zoning description
The intent of this zone is to promote industrial uses
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 9 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$875k
Value range
$788k – $963k
±10% around blend
Estimated value / SF
$62 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
90
$788k
blend $875k
$963k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,140 SF
Lot area
1.75 ac
Year built
1963
Stories
1
APN
76-24-33-301-004
Assessed value
$463,990
Annual tax
$13,797
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.66M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.8 mi away · 11,050 SF
9.6 mi away · 15,122 SF
9.8 mi away · 11,087 SF
12.4 mi away · 16,674 SF
12.4 mi away · 18,150 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$875k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 344 sales
$176
-65%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $62/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$825k
Move the market yield to see immediate price impact.
Value / SF
$58
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$52k
$1.04M
$742k
$578k
$58k
$1.16M
$825k
$642k
$64k
$1.27M
$907k
$706k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$1.75M
8.0 mi · Jan 2026 · $124/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$13,797
Tax year 2022
Assessed value
$463,990
Assessed 2022
Previous assessed
$463,990
+0.0% YoY
Effective rate
2.97%
On assessed value
Assessed land
$248,250
Assessed improvement
$215,740
Land market value
$496,500
Improvement market value
$431,480
Total market value
$927,980
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1963
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
14,140 SF
Lot
1.75 ac (76,404 SF)
Zoning code
I-1
APN
76-24-33-301-004
UPID
US43-0052173
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Southfield, MIZoning I-1 · permitted uses
I-1 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The intent of this zone is to promote industrial uses
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.75 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I-1
INDUSTRIAL
Jurisdiction
Southfield, MI
Recorded code
I-1
Official district
I-1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Southfield, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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