New search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Day care centers
24000 Lahser Rd, Southfield, MI 48033-3289
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4971868
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1968
Total area
4,547 SF
Lot
5.32 ac (231,739 SF)
Zoning code
R-2
APN
76-24-27-101-048
UPID
US43-4971868
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
-
It's A New Day Learning Center Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$572k
Blend (final)
Blend
$510k
Owner & transaction history
Carlos Lamont Hamilton · 3 yrs held
Carlos Lamont Hamilton
since 2022
Last sale
$485,000
7 recorded transactions
Zoning & alternative use
R-2 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$800,000
+28.8%
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
$515,000
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$620,000
Current use
COMMERCIAL (GENERAL)
$800,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$555,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $485k (Oct 18 2022)
Last sale anchor
$485k
Oct 18 2022
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
$112 / 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
$13,901
Tax year 2022
Assessed value
$328,060
Assessed 2022
Previous assessed
$328,060
+0.0% YoY
Effective rate
4.24%
On assessed value
Assessed land
$234,060
Assessed improvement
$94,000
Land market value
$468,120
Improvement market value
$188,000
Total market value
$656,120
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1968
Heating
FORCED AIR
Stories
1
Units
1
Total area
4,547 SF
Lot
5.32 ac (231,739 SF)
Zoning code
R-2
APN
76-24-27-101-048
UPID
US43-4971868
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Southfield, MI
Zoning R-2 · permitted uses
R-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$620,000
COMMERCIAL (GENERAL)
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$555,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Stories
1
Units
1
Lot
5.32 ac
Current owner
From public records · entity-resolved
Carlos Lamont Hamilton
Individual
Mailing address
24200 LAHSER RD, SOUTHFIELD, MI 48033-3205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$485,000
Carlos Lamont Hamilton
24000 Lahser Road LLC
Deed
$253,500 · Rocket Mortgage LLC
Sep 10, 2018
$485,000
Carlos L Hamilton
24000 Lahser Road LLC
Grant Deed
related
—
Oct 20, 2017
—
24000 Lahser Road LLC
N Kay Properties LLC
Quit Claim Deed
related
—
Nov 21, 2012
—
N Kay Properties LLC
24000 Lahser Road LLC
Grant Deed
—
Nov 13, 2012
—
N Kay Properties LLC
24000 Lahser Road LLC
Grant Deed
—
Mar 28, 2011
—
24000 Lahser Road LLC
Koulouras,christopher & Anne
Warranty Deed
—
Oct 27, 2010
$14,500
Christopher Koulouras
Treasurer Of Oakland County
Grant Deed
—
Jun 17, 2008
$27,468
Republic Bank
Sheriff Of Oakland County
Trustees Deed
related
—
May 16, 2006
—
Republic Bank
Caring For Kids Preschool
Grant Deed
related
—
Oct 15, 2004
$360,000
Tommy L Long
Koulouras,perry & Katherine
Warranty Deed
—
Oct 11, 2004
—
Tommy L Long
Caring For Kids Home Day Care
Quit Claim Deed
related
$350,000 · Republic 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.
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 24000 Lahser 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
