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Property profile & analytics
OFF-MARKET
Estimated value
$845,000
Showrooms
21380 Telegraph Rd, Southfield, MI 48033-4217
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Anso Office Furniture Inc Furniture & Home Goods Home Decor Store
-
Anso Office Products 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
$845k
Owner & transaction history
Hesano Investments LLC · 4 yrs held
Hesano Investments LLC
since 2022
Last sale
$825,000
6 recorded transactions
Zoning & alternative use
I-1 · 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
$875,000
ML approach
$860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$845k
Range $761k – $930k · ±10% · vs last sale $825k (Jun 21 2022)
Last sale anchor
$825k
Jun 21 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
$60 / 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
$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
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
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, MI
Zoning I-1 · permitted uses
I-1 · 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
1963
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Hesano Investments LLC
Entity
Mailing address
3145 ERIE DR, ORCHARD LAKE, MI 48324-1513
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2025
—
Hesano Investments LLC
—
Deed
related
$1,360,000 · Citizens State Bank
Jun 21, 2022
$825,000
Hesano Investments LLC
Jra & Associates LLC
Warranty Deed
$660,000 · Citizens State Bank
Apr 13, 2022
—
Hesano Investments LLC
Jra & Associates LLC
Land Contract
—
Apr 7, 2006
$875,000
Jra & Associates LLC
Grjk Investments LLC
Warranty Deed
$700,000 · Comerica Bank
Jun 5, 2003
$207,510
Grjk Investments LLC
Simancek,tr
Quit Claim Deed
related
—
Jun 5, 2003
—
Grjk Investments LLC
Simancek,tr
Quit Claim Deed
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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