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Financial
Distress signals
Property profile

24061 W 10 Mile Rd Southfield, MI 48033

FOR SALE
Retail space
Property ID
US43-0229329
5,767 SF 0.23 ac lot Built 1968
Last sale Jan 2022 · $322,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Southfield, MI property, located at 24061 W. 10 Mile Road, offers 1,915 square feet of combined retail and office space for lease. The single-story building, constructed in 1968, boasts a total of 5,767 square feet and is situated on a highly visible location on W. 10 Mile Road, just east of Telegraph Road. The property features a newly renovated façade, enhancing its curb appeal and attracting potential customers. With its I-1 Industrial zoning, this space presents a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value$159k
Assessed land$33k
Assessed improvement$127k
Effective rate6.54%

Value estimate

· Oct 2026
$440k
$396k – $484k
AI approach$375k
NOI build-up
Gross scheduled income$97k
Vacancy & credit loss−$8k
Operating expenses−$27k
NOI · 6.90% cap applied$62k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$226/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$77 – $307
Qualifying comparables7

Cap rate analysis

How does the asset earn?
6.90%
$62k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
I-1
The intent of this zone is to promote industrial uses
General categoryINDUSTRIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.5
Dental Office25.1
Wholesale Shop22.1

Location

24061 W 10 Mile Rd Southfield, MI 48033
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22525 Telegraph, Southfield, MI 48033-4106 $285,000 Dec 2024 5,910 SF
23391 Telegraph, Southfield, MI 48033-4119 $600,000 Jan 2024 5,520 SF
23262 Telegraph, Southfield, MI 48033-4156 $550,000 Jul 2023 8,420 SF
24660 Lahser, Southfield, MI 48033-3239 $1,988,000 Sep 2021 11,398 SF
24210 10th Mile, Southfield, MI 48033-3039 $200,000 Jun 2021 2,400 SF
26086 8th Mile, Southfield, MI 48033-5916 $200,000 Apr 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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