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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Automotive properties
24130 Telegraph Rd Southfield, MI 48033-3020
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0486468
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1953
Total area
18,373 SF
Lot
1.66 ac (72,440 SF)
Zoning code
I-1
APN
76-24-28-151-032
UPID
US43-0486468
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
-
Classic Remax Construction services Construction Company
-
Dream Car Rentals Detroit Car Rental Facility
-
Hollywood Limousine And Shuttle Limousine Service
-
Luxury Entertainment and Production Theater & Performing Art Venue Music Venue
-
Global Car Rental Services Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$770k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$888k
Blend (final)
Blend
$710k
Owner & transaction history
Rst Leasing Company LLC · 4 yrs held
Rst Leasing Company LLC
since 2022
Last sale
$617,000
7 recorded transactions
Zoning & alternative use
I-1 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
364.77 ac
Source
Realmo
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
$655,000
ML approach
$770,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $617k (Jul 20 2022)
Last sale anchor
$617k
Jul 20 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
$39 / 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
$41,099
Tax year 2022
Assessed value
$636,230
Assessed 2022
Previous assessed
$636,230
+0.0% YoY
Effective rate
6.46%
On assessed value
Assessed land
$161,220
Assessed improvement
$475,010
Land market value
$322,440
Improvement market value
$950,020
Total market value
$1,272,460
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
18,373 SF
Lot
1.66 ac (72,440 SF)
Zoning code
I-1
APN
76-24-28-151-032
UPID
US43-0486468
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Southfield, MIZoning 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
Zoning description
The intent of this zone is to promote industrial uses
Zone name
Industrial
General category
INDUSTRIAL
Zone area
364.77 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1953
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Rst Leasing Company LLC
Entity
Free & Clear · 4 yrs held
Mailing address
33717 WOODWARD AVE #560, BIRMINGHAM, MI 48009-0913
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2023
—
Rst Leasing Company LLC
—
Deed
related
$100,000 · Capitol National Bank
Nov 17, 2022
—
Rst Leasing Company LLC
—
Deed
related
$900,000 · Capitol National Bank
Jul 20, 2022
$617,000
Rst Leasing Company LLC
Luxury Holdings LLC
Warranty Deed
—
Mar 1, 2022
—
Rst Leasing Company LLC
Luxury Holdings LLC
Land Contract
—
Dec 12, 2014
—
Luxury Holdings LLC
W Investors Group LLC
Quit Claim Deed
related
$580,000 · Mbank
May 14, 2013
—
W Investors Group LLC
Coollemon Holdings LLC
Warranty Deed
—
Feb 22, 2008
—
Cooliemon Holdings LLC
Jam Equities LLC
Warranty Deed
$920,000 · Wilshire State Bank
—
—
Luxury Holdings LLC
—
Deed Of Trust
related
$928,000 · Mbank
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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