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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Automotive properties
24445 Telegraph Rd Southfield, MI 48033-3017
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1657596
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1952
Total area
3,682 SF
Lot
0.46 ac (20,038 SF)
Zoning code
I-1
APN
76-24-29-276-026
UPID
US43-1657596
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$488k
Blend (final)
Blend
$750k
Owner & transaction history
Saborn Management II LLC · 4 yrs held
Saborn Management II LLC
since 2021
Last sale
$720,000
2 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
Top alternative use upside
Medical building
$1.1M
+136.8%
Retail stores
$830,000
+84.0%
Commercial (general)
$650,000
+43.7%
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
$755,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$450,000
Current use
MEDICAL BUILDING
$1,070,000
Change: +137% · Conversion: Difficult
RETAIL STORES
$830,000
Change: +84% · Conversion: Difficult
COMMERCIAL (GENERAL)
$650,000
Change: +44% · Conversion: Moderate
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $720k (Nov 2 2021)
Last sale anchor
$720k
Nov 2 2021
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
$204 / 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
$10,207
Tax year 2022
Assessed value
$156,010
Assessed 2022
Previous assessed
$156,010
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$44,580
Assessed improvement
$111,430
Land market value
$89,160
Improvement market value
$222,860
Total market value
$312,020
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
1952
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
3,682 SF
Lot
0.46 ac (20,038 SF)
Zoning code
I-1
APN
76-24-29-276-026
UPID
US43-1657596
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$450,000
MEDICAL BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$830,000
COMMERCIAL (GENERAL)
Est. value
$650,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1952
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Saborn Management II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
18701 GRAND RIV AVE #357, DETROIT, MI 48223-2214
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2021
—
Saborn Management II LLC
—
Deed
related
$540,000 · Waterford Bank NA
Nov 2, 2021
$720,000
Saborn Management II LLC
Jean Rock Mann
Warranty Deed
—
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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