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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
24371 10th Mile Rd, Southfield, MI 48033-2929
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1172918
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Total area
4,467 SF
Lot
0.79 ac (34,412 SF)
Zoning code
OS
APN
76-24-29-226-001
UPID
US43-1172918
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
-
Tel Ten Chiro Alternative Medicine Practice
-
Vital Community Care Medical Clinic
-
Dr. Casey Darrah Physician
-
Dr. Mark Brennan Physician Medical Clinic
-
Dr. Edward Y. Mishal, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$930k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
M J & Associates Group LLC · 3 yrs held
M J & Associates Group LLC
since 2023
Last sale
$890,500
4 recorded transactions
Zoning & alternative use
OS · 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
$1,020,000
ML approach
$1,015,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$865,000
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $891k (Apr 11 2023)
Last sale anchor
$891k
Apr 11 2023
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
$213 / 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
$16,071
Tax year 2022
Assessed value
$257,970
Assessed 2022
Previous assessed
$257,970
+0.0% YoY
Effective rate
6.23%
On assessed value
Assessed land
$49,530
Assessed improvement
$208,440
Land market value
$99,060
Improvement market value
$416,880
Total market value
$515,940
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Units
1
Total area
4,467 SF
Lot
0.79 ac (34,412 SF)
Zoning code
OS
APN
76-24-29-226-001
UPID
US43-1172918
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Southfield, MI
Zoning OS · permitted uses
OS · 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
1970
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
M J & Associates Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
232331 SEXTON ST, DEARBORN HEIGHTS, MI 48127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$890,500
M J & Associates Group LLC
Jeffrey C Blumberg & Cynthia Lynn K
Warranty Deed
—
Dec 27, 2013
—
Mj & Associates Group LLC
Blumberg 1998 Trust
Grant Deed
—
Dec 27, 2013
$806,250
Blumberg 1998 Trust
First Place Bk
Dual Purpose Document
related
$292,000 · First Place Bank
Oct 16, 2007
$1,075,000
Jeffrey C Blumberg
Mishal,edward Y & Rachel
Warranty Deed
$292,000 · Franklin 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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