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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Office buildings
24567 Northwestern Hwy Southfield, MI 48075-2421
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1187244
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Total area
44,440 SF
Lot
1.84 ac (80,020 SF)
Zoning code
ERO
APN
76-24-26-151-022
UPID
US43-1187244
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
-
Fliks and Piks Photography Service Party Supply Store
-
Dr. Walter Finan, MD Pediatrician Physician
-
Tee~Katrice Hair & Beauty Bar Hair Salon
-
Pink sand luxe boutique Clothing & Fashion Store
-
Sheryl Bentzley Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.51M
Comparable Approach
Comparable
$2.44M
Blend (final)
Blend
$1.87M
Owner & transaction history
Noblestone Nw 2 LLC · 1 yrs held
Noblestone Nw 2 LLC
since 2025
7 recorded transactions
Zoning & alternative use
ERO · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,720,000
6.5%
$2,510,000
7%
$2,330,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,540,000
Current use
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±10%
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
$42 / 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
$94,166
Tax year 2022
Assessed value
$1,059,490
Assessed 2022
Previous assessed
$1,059,490
+0.0% YoY
Effective rate
8.89%
On assessed value
Assessed land
$115,230
Assessed improvement
$944,260
Land market value
$230,460
Improvement market value
$1,888,520
Total market value
$2,118,980
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
1968
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
44,440 SF
Lot
1.84 ac (80,020 SF)
Zoning code
ERO
APN
76-24-26-151-022
UPID
US43-1187244
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
ERO · Southfield, MI
Zoning ERO · permitted uses
ERO · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.5M
OFFICE BUILDING Current
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
1.84 ac
Current owner
From public records · entity-resolved
Noblestone Nw 2 LLC
Entity
Mailing address
2601 S BAYSHORE DR STE #1400, MIAMI, FL 33133-5460
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
$175,000
Noblestone Nw 2 LLC
Bi 79 Southfield LLC
Quitclaim Deed
related
—
Jun 7, 2024
—
Bi 79 Southfield LLC
Bi 79 LLC
Deed
—
Sep 20, 2023
$1,100,000
B1 79 LLC
Leipsitz Investment Group INC
Sheriffs Deed
related
—
Jan 20, 2022
—
Leipsiti Investment Group INC
—
Deed
related
$19,200,000 · Bi 79 LLC
Dec 18, 2019
—
Leipsitz Investment Group INC
—
Deed
related
$2,750,000 · Cpif Wtb LLC
Aug 23, 2018
—
Leipsitz Investemnet Group INC
—
Deed
related
$13,500,000 · Cpif Wtb LLC
Dec 21, 2016
—
Leipsitz Investment Group INC
—
Deed
related
$12,000,000 · Cpif Lending LLC Cpif Lending LLC
May 20, 2013
—
Leipsitz Investment Group INC
—
Trustees Deed
related
$5,550,000 · Jhm Ventures
Mar 12, 2004
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$1,650,000 · Huntington National Bank
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$300,000 · Comerica Bank
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$1,740,000 · Bank One Michigan
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$400,000 · Huntington National Bank
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$1,635,000 · Bank One NA
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$12,000,000 · Cpif Lending LLC Cpif Lending LLC
—
—
Leipsitz Investemnet Group INC
—
Loan Modification
related
$13,500,000 · Cpif Wtb LLC
—
—
Leipsitz Investment Group INC
—
Loan Modification
related
$2,750,000 · Cpif Wtb LLC
—
—
Leipsitz Investments Group INC
—
Deed Of Trust
related
$1,577,569 · Fifth Third Bank
—
—
Leipsitz Investment Group INC
—
Deed Of Trust
related
$1,600,000 · Fifth Third 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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