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Property profile & analytics
FOR SALE
Office buildings
24800 Northwestern Hwy, Southfield, MI 48075
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1298810
For Sale
1 / 12
$8,500,000
24800 Northwestern Hwy, Southfield, MI 48075
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
56,872 SF
Lot
2.74 ac (119,311 SF)
Zoning code
ERO
APN
76-24-26-101-002
UPID
US43-1298810
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
-
Northwestern Technological Institute Vocational School Training Center
-
Remer Gary M Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.22M
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.99M
Owner & transaction history
North Ten Tower LLC · 7 yrs held
North Ten Tower LLC
since 2019
7 recorded transactions
Zoning & alternative use
ERO · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$4.6M
+41.6%
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%
$3,480,000
6.5%
$3,215,000
7%
$2,985,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,250,000
Current use
INDUSTRIAL (GENERAL)
$4,605,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±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
$53 / 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
$96,653
Tax year 2022
Assessed value
$1,501,520
Assessed 2022
Previous assessed
$1,501,520
+0.0% YoY
Effective rate
6.44%
On assessed value
Assessed land
$171,810
Assessed improvement
$1,329,710
Land market value
$343,620
Improvement market value
$2,659,420
Total market value
$3,003,040
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
For Sale
Year built
1969
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
56,872 SF
Lot
2.74 ac (119,311 SF)
Zoning code
ERO
APN
76-24-26-101-002
UPID
US43-1298810
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
$3.3M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
OFFICE BUILDING Current
INDUSTRIAL (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
1969
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
2.74 ac
Current owner
From public records · entity-resolved
North Ten Tower LLC
Entity
Mailing address
812 S MAIN ST STE #200, ROYAL OAK, MI 48067-3280
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Mar 3, 2020
—
North Ten Tower LLC
—
Deed
related
$4,100,000 · First St Bk
Jul 1, 2019
—
North Ten Tower LLC
Everten LLC
Warranty Deed
$3,900,000 · First State Bank
Mar 23, 2015
—
Abyssinia Love Knot Urgent Car
Everten LLC
Grant Deed
related
—
May 21, 2012
—
Everten LLC
24800 Northwestern Highway Hol
Grant Deed
related
—
Feb 24, 2011
—
24800 Northwestern Hwy Holding
Northwestern Corporate Ctr Ass
Quit Claim Deed
—
—
—
North Ten Tower LLC
—
Loan Modification
related
$4,100,000 · First St Bk
—
—
Northwestern Corp Center Assoc
—
Deed Of Trust
related
$26,100,000 · Secore Financial Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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