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Property profile & analytics
OFF-MARKET
Office buildings
24450 Telegraph Rd, Southfield, MI 48033-3018
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5238322
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1928
Total area
2,641 SF
Lot
0.55 ac (24,132 SF)
Zoning code
I-1
APN
76-24-28-151-006
UPID
US43-5238322
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
-
Morrey's Sprinkler Services General Contractor Construction Company
-
Flow Pro Irrigation General Contractor Construction Company
-
Sublime Medicinal Certifications Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michigan Certified Development Corp · 1 yrs held
Michigan Certified Development Corp
since 2025
7 recorded transactions
Zoning & alternative use
I-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,157
Tax year 2022
Assessed value
$103,630
Assessed 2022
Previous assessed
$103,630
+0.0% YoY
Effective rate
7.87%
On assessed value
Assessed land
$34,770
Assessed improvement
$68,860
Land market value
$69,540
Improvement market value
$137,720
Total market value
$207,260
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1928
Heating
FORCED AIR
Stories
1
Units
1
Total area
2,641 SF
Lot
0.55 ac (24,132 SF)
Zoning code
I-1
APN
76-24-28-151-006
UPID
US43-5238322
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Southfield, MI
Zoning 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
Southfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Heating
FORCED AIR
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Michigan Certified Development Corp
Entity
Mailing address
3319 GRINDLEY PARK ST, DEARBORN, MI 48124-3335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2025
—
Michigan Certified Development Corp
Southgate Collision Center LLC
Deed
—
Mar 5, 2025
—
24450 Telegraph LLC
—
Deed
related
$147,000 · Michigan Certified Development Corporati
Feb 21, 2025
$400,000
24450 Telegraph LLC
Sari Group LLC
Warranty Deed
$200,000 · Genisys Cu
Oct 28, 2024
—
Sari Group LLC
Abbs Trans LLC
Quitclaim Deed
related
—
Sep 13, 2024
—
Abbs Trans LLC
Sari Group LLC
Quit Claim Deed
related
—
Nov 20, 2023
—
Sari Group LLC
—
Deed
related
$165,000 · Michigan Schools & Government Cu
Oct 4, 2022
$220,000
Sari Group LLC
24450 Telegraph Holdings LLC
Warranty Deed
—
Sep 2, 2021
$72,000
24450 Telegraph Holdings LLC
Midwest Safety Supply LLC
Warranty Deed
—
Jun 23, 2021
—
Eleanora Wish
David Adler
Quit Claim Deed
related
—
Feb 23, 2012
—
David Adler
Stay Green Sprinkler Co INC
Quit Claim Deed
related
—
Oct 11, 2004
$294,000
Stay Green Sprinkler Co INC
H C & G Properties LLC
Warranty Deed
$225,000 · Republic Bank
Jul 19, 2002
$230,000
William O Decklever
Munson,jack P Tr
Grant Deed
—
—
—
Stay Green Sprinkler Co INC
—
Deed Of Trust
related
$213,000 · Grange Bank
—
—
David E Adler
—
Deed Of Trust
related
$184,276 · American Bank
—
—
Hc & G Properties LLC
—
Deed Of Trust
related
$250,000 · Bank One NA
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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