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    Property profile & analytics

    22000 8th Mile Rd Southfield, MI 48033-4409

    • Grocery and convenience stores
    • 1,260 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Location Intelligence
    Property ID
    US43-0943720
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 22000 8th Mile Rd

    Year built
    1957
    Lot size
    0.82 lot acres
    Property size
    1,260 SF
    Zone code
    B-3
    Property type
    Grocery and convenience stores
    APN
    76-24-33-476-038
    APU
    762433476038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $340,000
      6.5%
      $340,000
      7%
      $380,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $370,000
      Mixed-Use
      $300,000
      Hospitality
      $370,000
      Educational
      $325,000
      Residential Income
      $305,000
      Energy
      $350,000
      Income-Based Land
      $380,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2593
    Latitude
    42.4441
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,322
    $106,850
    $214,960
    $321,810
    -
    $213,700
    $429,920
    $643,620

    Comparable in this City

    • Value Estimation
      $435,000
      1,792 SF

      26450 Lahser Rd

      GROCERY, SUPERMARKET • 1,792 SF
      26450 Lahser Rd, Southfield, MI 48033-2694
      View Details
    • Value Estimation
      $275,000
      1,820 SF

      25011 Telegraph Rd

      GROCERY, SUPERMARKET • 1,820 SF
      25011 Telegraph Rd, Southfield, MI 48033-2521
      View Details
    • Value Estimation
      $410,000
      2,294 SF

      24960 Telegraph Rd

      GROCERY, SUPERMARKET • 2,294 SF
      24960 Telegraph Rd, Southfield, MI 48033-3091
      View Details
    • Value Estimation
      $385,000
      2,233 SF

      26355 Telegraph Rd

      GROCERY, SUPERMARKET • 2,233 SF
      26355 Telegraph Rd, Southfield, MI 48033-5317
      View Details
    • Value Estimation
      $320,000
      2,347 SF

      25790 9th Mile Rd

      GROCERY, SUPERMARKET • 2,347 SF
      25790 9th Mile Rd, Southfield, MI 48033-3998
      View Details
    • Value Estimation
      $65,000
      1,200 SF

      27105 Shiawassee Rd

      GROCERY, SUPERMARKET • 1,200 SF
      27105 Shiawassee Rd, Southfield, MI 48033-3562
      View Details

    Similar Nearby for Sale

    • $105,000
      1,200 SF

      Southfield Retail Building For Sale

      Retail building for sale in Southfield, Michigan with prime location.
      27105 Shiawassee Rd, Southfield, MI 48033
      View Details
    • $599,999
      4,875 SF

      Southfield Retail Property For Sale

      Retail property with long-term tenants and redevelopment potential in Southfield.
      24050 W 9 Mile Rd, Southfield, MI 48033
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    • $40,000
      1,500 SF

      Profitable Smoke Shop Opportunity

      Established smoke shop for sale in Southfield, MI.
      24360 W 10 Mile Rd, Southfield, MI 48033
      View Details
    • $129,900

      Established Smoothie and Wrap Business

      Profitable smoothie and wrap business inside Meijer for sale.
      00001 Telegraph Rd, Southfield, MI 48033
      View Details
    • $399,999
      200,000 SF

      Established Pizza Shop Business Opportunity

      Profitable pizza franchise for sale in Southfield, Michigan.
      25855 Lahser Rd, Southfield, MI 48033
      View Details
    • $1,950,000
      8,615 SF

      Southfield Restaurant - $1.95M

      Established Restaurant, High Traffic Area
      25485 Telegraph Rd, Southfield, MI 48033
      View Details

    Similar Nearby for Lease

    • New
      $2,200 /Mo
      1,340 SF

      Southfield Commercial Property For Lease

      Commercial property in a high-traffic location, ideal for business.
      24070 W 10 Mile Rd, Southfield, MI 48033
      View Details
    • $1,100,000
      7,000 SF

      Renovated Flex Space with Showroom

      Turn-key building with showroom, offices, and high visibility.
      24355 W 10 Mile Rd, Southfield, MI 48033
      View Details
    • $15 SF/Yr
      6,000 SF

      Hays Market Plaza Retail Space

      High-traffic Telegraph Road retail space available.
      22506 Telegraph Rd, Southfield, MI 48033
      View Details
    • $5,000 /Mo
      3,059 SF

      Southfield Restaurant/Bar Opportunity

      Former restaurant/bar with high visibility and private parking.
      23380 Telegraph Rd, Southfield, MI 48033
      View Details
    • $20 SF/Yr
      70,000 SF

      TEL-Ex Plaza Retail Space Available

      Southfield Shopping Center: 7,326 SF Available
      25239 Telegraph Rd, Southfield, MI 48033
      View Details
    • Contact for pricing

      Telegraph Road Commercial Space

      Commercial space available for rent on Telegraph Road.
      23262 Telegraph Rd, Southfield, MI 48033
      View Details

    Property Visit Statistics

    • Visits by month
      12.3k
    • Visitors by month
      6.1k
    • Avg Time on site
      7 min
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    Southfield, MI 48033-4409
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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