Property profile

24024 9th Mile Rd Southfield, MI 48033

OFF-MARKET
Drive through restaurants
Property ID
US43-1521645
2,059 SF 0.64 ac lot Built 2012
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2012
Total area 2,059 SF
Lot 0.64 ac (28,053 SF)
Zoning code I-1
APN 76-24-29-476-026
UPID US43-1521645

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
  • Restaurant Take-out & Catering

Location

24024 9th Mile Rd Southfield, MI 48033-3904
Southfield metro Census 161700 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 1998
6 recorded transactions
2016
Price N/A
2003
Price N/A
1998
$325,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-1 · Southfield, MI
Zoning description

The intent of this zone is to promote industrial uses

General category INDUSTRIAL

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
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