Property profile

23410 12th Mile Rd Southfield, MI 48034

OFF-MARKET
Commercial real estate
Property ID
US43-1291365
1,648 SF 1.02 ac lot Built 1850
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1850
Total area 1,648 SF
Lot 1.02 ac (44,431 SF)
Zoning code R-E
APN 76-24-09-376-004
UPID US43-1291365

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel Resort

Location

23410 12th Mile Rd Southfield, MI 48034-1489
Southfield metro Census 160800 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$160k

Owner & transaction history

since 2023
Last sale
$35,000
3 recorded transactions
2023
Price N/A
2015
$35,000
2006
Price N/A

Zoning & alternative use

R-E · Southfield, MI
Zoning description

The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 23410 12th Mile Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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