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    Property profile & analytics

    24705 12th Mile Rd Southfield, MI 48034-1266

    • Drive through restaurants
    • 2,723 SF
    • 1.12 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Location Intelligence
    Property ID
    US43-2071208
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 24705 12th Mile Rd

    Year built
    2013
    Lot size
    1.12 lot acres
    Property size
    2,723 SF
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    76-24-17-201-074
    APU
    762417201074

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.289
    Latitude
    42.5003
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,847
    $170,760
    $329,830
    $500,590
    -
    $341,520
    $659,660
    $1,001,180

    Comparable in this City

    • Value Estimation
      $495,000
      5,504 SF

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      DRIVE-THRU RESTAURANT, FAST FOOD • 5,504 SF
      28681 Telegraph Rd, Southfield, MI 48034-1951
      View Details
    • Value Estimation
      $550,000
      3,669 SF

      28481 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,669 SF
      28481 Telegraph Rd, Southfield, MI 48034-7506
      View Details
    • Value Estimation
      $1,075,000
      2,142 SF

      29235 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,142 SF
      29235 Telegraph Rd, Southfield, MI 48034-1352
      View Details
    • Value Estimation
      $495,000
      5,195 SF

      28875 Franklin Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,195 SF
      28875 Franklin Rd, Southfield, MI 48034-1692
      View Details
    • Value Estimation
      $415,000
      2,731 SF

      29177 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,731 SF
      29177 Telegraph Rd, Southfield, MI 48034-7603
      View Details
    • Value Estimation
      $460,000
      4,061 SF

      28670 Northwestern Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,061 SF
      28670 Northwestern Hwy, Southfield, MI 48034-1829
      View Details

    Similar Nearby for Sale

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      16.00 Acres

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    • $2,295,000
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      Executive Office Building, Southfield, MI

      Prime Southfield Office, 20,164 SF, $2.295M
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    Similar Nearby for Lease

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      Southfield, MI Retail Center - Multiple Suites Available
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      Southfield Retail Space For Lease

      Retail space available in high-traffic Southfield location.
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      Southfield Commercial Property For Rent

      Commercial property available for rent in Southfield, Michigan.
      28333 Telegraph Rd, Southfield, MI 48034
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    • $35 SF/Yr
      1,400 SF

      Retail Space in Southfield, MI

      Prominent retail center with high visibility and strong demographics.
      24529-24555 W 12 Mile Rd, Southfield, MI 48034
      View Details

    Property Visit Statistics

    • Visits by month
      16.7k
    • Visitors by month
      12.1k
    • Avg Time on site
      13 min
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    24705 12th Mile Rd
    Southfield, MI 48034-1266
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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