Property profile

24818 Southfield Rd Southfield, MI 48075

OFF-MARKET
Turn key restaurants
Property ID
US43-4694709
520 SF 0.26 ac lot Built 1968
Entity Owned 1-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1968
Total area 520 SF
Lot 0.26 ac (11,238 SF)
Zoning code B-3
APN 76-24-25-101-002
UPID US43-4694709

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

24818 Southfield Rd Southfield, MI 48075-2743
Southfield metro Census 162000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$100k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2010
Price N/A
2009
$375,000
2008
$335,845
2006
$1.0M
2004
Price N/A

Zoning & alternative use

B-3 · Southfield, MI
Zoning description

The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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