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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Grocery and convenience stores
22599 Telegraph Rd Southfield, MI 48033-4106
Entity Owned
1-yr Hold
Free & Clear
Property ID
US43-0127107
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1967
Total area
1,418 SF
Lot
0.29 ac (12,632 SF)
Zoning code
I-1
APN
76-24-32-226-020
UPID
US43-0127107
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
-
Marathon Gas Gas Station
-
Cardtronics ATM Atm
-
LibertyX Bitcoin ATM Atm
-
Metrofino Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Safeway Acquisition Company LLC · 1 yrs held
Safeway Acquisition Company LLC
since 2025
Last sale
$940,000
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
Method
Estimation
Statistic approach
$855,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $940k (Apr 16 2025)
Last sale anchor
$940k
Apr 16 2025
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
$642 / 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
$13,873
Tax year 2022
Assessed value
$235,880
Assessed 2022
Previous assessed
$235,880
+0.0% YoY
Effective rate
5.88%
On assessed value
Assessed land
$37,580
Assessed improvement
$198,300
Land market value
$75,160
Improvement market value
$396,600
Total market value
$471,760
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,418 SF
Lot
0.29 ac (12,632 SF)
Zoning code
I-1
APN
76-24-32-226-020
UPID
US43-0127107
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
1967
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Safeway Acquisition Company LLC
Entity
Free & Clear · 1 yrs held
Mailing address
22580 TELEGRAPH RD, SOUTHFIELD, MI 48033-4107
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2025
$940,000
Safeway Acquisition Company LLC
Generations Developments LLC
Warranty Deed
—
Dec 10, 2020
—
Generations Dev LLC
—
Deed
related
$450,000 · Independent Bk
Sep 9, 2020
—
South Royal LLC
—
Deed
related
—
Nov 13, 2017
—
Generations Dev LLC
—
Deed
related
$500,000 · Robert L Barrick
Nov 14, 2016
—
Generations Dev LLC
South Royal LLC
Quit Claim Deed
—
Nov 7, 2016
—
Generations Developments LLC
South Royal LLC
Quit Claim Deed
related
—
Oct 11, 2016
$1,700,000
South Royal LLC
Barrick Properties 50 LLC
Warranty Deed
—
Oct 5, 2012
—
Barrick Properties 50 LLC
Telegraph & Nine Mile Bp INC
Warranty Deed
related
—
Jan 30, 2004
$325,000
Mercury Petroleum LLC
Speedway Superamerica LLC
Grant Deed
$560,000 · Flagstar Bank Fsb
Mar 23, 2000
—
Mercury Petroleum
T P I Petroleum INC
Grant Deed
related
—
—
—
South Royal LLC
—
Deed Of Trust
related
—
—
—
Generations Dev LLC
—
Deed Of Trust
related
$500,000 · Robert L Barrick
—
—
South Royal LLC
—
Loan Modification
related
—
—
—
Generations Dev LLC
—
Deed Of Trust
related
$450,000 · Independent Bk
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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