Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    23111 Lahser Rd Southfield, MI 48033-6027

    • Drug stores
    • 13,689 SF
    • 1.61 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Nov 29, 2021
    Location Intelligence
    Property ID
    US43-0252377
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Walgreens / Drug Store / Greeting Card Shop
    • FedEx OnSite / Mailing Service
    • Walgreens Pharmacy / Pharmacy
    • Western Union / Money Transfer Service

    Property Details for 23111 Lahser Rd

    Year built
    2002
    Lot size
    1.61 lot acres
    Property size
    13,689 SF
    Zone code
    B-3
    Property type
    Drug stores
    APN
    76-24-28-477-034
    APU
    762428477034

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2609
    Latitude
    42.4583
    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
    $68,854
    $227,910
    $824,500
    $1,052,410
    -
    $455,820
    $1,649,000
    $2,104,820

    Comparable in this City

    • Value Estimation by Request
      22,474 SF

      24333 Lahser Rd

      FINANCIAL BUILDING • 22,474 SF
      24333 Lahser Rd, Southfield, MI 48033-6041
      View Details
    • Value Estimation
      $210,000
      1,340 SF

      24070 10th Mile Rd

      BARBER, HAIR SALON • 1,340 SF
      24070 10th Mile Rd, Southfield, MI 48033-3006
      View Details
    • Value Estimation
      $570,000
      14,860 SF

      20901 Lahser Rd, Unit 1

      RETAIL STORES (PERSONAL SERVICES) • 14,860 SF
      20901 Lahser Rd, Southfield, MI 48033-4432
      View Details
    • Value Estimation
      $875,000
      14,140 SF

      21380 Telegraph Rd

      SHOW ROOM, WAREHOUSE • 14,140 SF
      21380 Telegraph Rd, Southfield, MI 48033-4217
      View Details
    • Value Estimation
      $535,000
      7,360 SF

      25555 Grodan Dr

      RETAIL STORES (PERSONAL SERVICES) • 7,360 SF
      25555 Grodan Dr, Southfield, MI 48033-5290
      View Details
    • Value Estimation
      $435,000
      1,792 SF

      26450 Lahser Rd

      GROCERY, SUPERMARKET • 1,792 SF
      26450 Lahser Rd, Southfield, MI 48033-2694
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $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
    • $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
    • $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
    • Contact for pricing

      Southfield Commercial Property For Rent

      Commercial property available for rent in Southfield, Michigan.
      8 Mile Rd West, 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

    Property Visit Statistics

    • Visits by month
      7.7k
    • Visitors by month
      6.2k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23111 Lahser Rd
    Southfield, MI 48033-6027
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.