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Property profile & analytics
FOR LEASE
Outlet malls
23455 Telegraph Rd, Southfield, MI 48033
Individually Owned
2-yr Hold
Free & Clear
Property ID
US43-0557583
For Lease
1 / 39
$4,247/Mo
23455 Telegraph Rd, Southfield, MI 48033
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Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1981
Total area
26,167 SF
Lot
0.99 ac (43,037 SF)
Zoning code
I-1
APN
76-24-29-476-027
UPID
US43-0557583
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
-
Spa Suite Spa & Massage Center
-
L&E Marble and Granite LLC Hardware & Home Improvement Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.00M
Blend (final)
Blend
$1.99M
Owner & transaction history
Marolli Lorent · 2 yrs held
Marolli Lorent
since 2024
5 recorded transactions
Zoning & alternative use
I-1 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±10%
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
$76 / 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
$39,372
Tax year 2022
Assessed value
$601,780
Assessed 2022
Previous assessed
$601,780
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$139,870
Assessed improvement
$461,910
Land market value
$279,740
Improvement market value
$923,820
Total market value
$1,203,560
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Lease
Year built
1981
Heating
FORCED AIR
Stories
2
Total area
26,167 SF
Lot
0.99 ac (43,037 SF)
Zoning code
I-1
APN
76-24-29-476-027
UPID
US43-0557583
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Southfield, MI
Zoning 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
Southfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Stories
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Marolli Lorent
Individual
Free & Clear · 2 yrs held
Mailing address
23455 TELEGRAPH RD, SOUTHFIELD, MI 48033-4128
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2024
—
Marolli Lorent
—
Deed
related
$300,000 · Comerica Bank
Feb 22, 2024
—
Marolli Lorent
South Telegraph LLC
Quit Claim Deed
related
—
Aug 24, 2015
—
Telegraph Re Investors LLC
Michigan Transfer Group LLC
Warranty Deed
$1,600,000 · Miscellaneous Ins Co
Aug 6, 2004
—
Phil Mularoni Investments LLC
Mularoni,philip L & Kathleen B
Quit Claim Deed
related
$1,400,000 · Wachovia Commercial Mortgage
—
—
Philip L Mularoni
—
Deed Of Trust
related
$250,000 · Standard Federal Bank
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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