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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Automotive properties
21535 Telegraph Rd Southfield, MI 48033-4248
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1115892
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1959
Total area
32,533 SF
Lot
3.67 ac (159,865 SF)
Zoning code
I-1
APN
76-24-32-400-032
UPID
US43-1115892
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
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Lag Southfield LLC · 3 yrs held
Lag Southfield LLC
since 2023
7 recorded transactions
Zoning & alternative use
I-1 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
364.77 ac
Source
Realmo
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
$42 / 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
$80,334
Tax year 2022
Assessed value
$1,401,200
Assessed 2022
Previous assessed
$1,401,200
+0.0% YoY
Effective rate
5.73%
On assessed value
Assessed land
$299,750
Assessed improvement
$1,101,450
Land market value
$599,500
Improvement market value
$2,202,900
Total market value
$2,802,400
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
32,533 SF
Lot
3.67 ac (159,865 SF)
Zoning code
I-1
APN
76-24-32-400-032
UPID
US43-1115892
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
364.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1959
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Lag Southfield LLC
Entity
Mailing address
111 E BROADWAY RD STE #900, SALT LAKE CITY, UT 84111-5235
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2023
—
Lag Southfield LLC
Jefferson Way LLC
Deed
$3,360,000 · Fifth Third Bank NA
Jun 1, 2023
—
Jefferson Way LLC
Garff Properties Michigan LLC
Deed
—
Jan 7, 2020
—
Garff Properties-michigan LLC
—
Deed
related
—
Jun 26, 2019
—
Garff Properties-michigan LLC
—
Loan Modification
related
$8,316,709 · Jp Morgan Chase Bk
Oct 16, 2014
$1,750,000
Garff Properties Michigan LLC
Southfield Jeep INC
Deed
—
Apr 13, 1999
—
Southfield Jeep Eagle INC
—
Deed Of Trust
related
$1,350,000 · Chrysler Financial Co L L C
—
—
Garff Properties-michigan LLC
—
Loan Modification
related
—
—
—
Southfield Jeep INC
—
Deed Of Trust
related
$1,946,283 · J P Morgan Chase Bank
—
—
Southfield Jeep-eagle INC
—
Deed Of Trust
related
$1,230,000 · Daimlerchrysler Svcs N America
—
—
Southfield Jeep-eagle INC
—
Deed Of Trust
related
$1,500,000 · Bank One NA
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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