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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Medical Office Space
24750 Swanson Rd Southfield, MI 48033-5320
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-5251837
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Total area
5,840 SF
Lot
0.84 ac (36,721 SF)
Zoning code
OS
APN
76-24-20-201-005
UPID
US43-5251837
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
-
TBI Solutions Medical Clinic
-
Andrea Boswell-Burns Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$935k
Owner & transaction history
Wolverine Tbi LLC · 18 yrs held
Wolverine Tbi LLC
since 2007
7 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,315,000
6.5%
$1,215,000
7%
$1,130,000
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$160 / 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
$14,955
Tax year 2022
Assessed value
$263,480
Assessed 2022
Previous assessed
$263,480
+0.0% YoY
Effective rate
5.68%
On assessed value
Assessed land
$52,880
Assessed improvement
$210,600
Land market value
$105,760
Improvement market value
$421,200
Total market value
$526,960
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
1969
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
5,840 SF
Lot
0.84 ac (36,721 SF)
Zoning code
OS
APN
76-24-20-201-005
UPID
US43-5251837
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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Wolverine Tbi LLC
Entity
Mailing address
24750 SWANSON RD, SOUTHFIELD, MI 48033-5320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2007
$420,000
Wolverine Tbi LLC
Bass Real Estate LLC
Warranty Deed
$400,000 · Nstar Community Bank
Dec 5, 2003
$505,000
Bass Real Estate LLC
Swanson & Franklin LLC
Grant Deed
—
Jun 7, 2001
$545,000
Swanson & Franklin LLC
Blt Associates
Grant Deed
—
—
—
Wolverine Tbi LLC
—
Deed Of Trust
related
$170,000 · Nstar Community Bank
—
—
Wolverine Tbi LLC
—
Deed Of Trust
related
$125,000 · Nstar Community Bank
—
—
Swanson & Franklin LLC
—
Deed Of Trust
related
$450,000 · First National Bank Of America
—
—
Bass Real Estate LLC
—
Deed Of Trust
related
$410,000 · Fifth Third Bank Eastern Mi
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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