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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Strip malls
25000 Southfield Rd Southfield, MI 48075-1902
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0019407
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1961
Total area
11,000 SF
Lot
0.89 ac (38,812 SF)
Zoning code
B-3
APN
76-24-24-353-008
UPID
US43-0019407
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
-
Unique Lady Bridal & Prom Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$445k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$365k
Blend (final)
Blend
$590k
Owner & transaction history
25000 Southfield Road LLC · 11 yrs held
25000 Southfield Road LLC
since 2015
5 recorded transactions
Zoning & alternative use
B-3 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
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
$445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$890,000
Change: -13% · Conversion: Difficult
WAREHOUSE, STORAGE
$840,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±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
$54 / 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
$31,159
Tax year 2022
Assessed value
$476,260
Assessed 2022
Previous assessed
$476,260
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$75,910
Assessed improvement
$400,350
Land market value
$151,820
Improvement market value
$800,700
Total market value
$952,520
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
11,000 SF
Lot
0.89 ac (38,812 SF)
Zoning code
B-3
APN
76-24-24-353-008
UPID
US43-0019407
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MIZoning B-3 · permitted uses
B-3 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$840,000
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1961
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
25000 Southfield Road LLC
Entity
Mailing address
1570 CASS LK RD, KEEGO HARBOR, MI 48320-1007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 9, 2020
—
25000 Southfield Road LLC
—
Deed
related
$1,300,000 · Level One Bk
Jan 15, 2015
$1,550,000
25000 Southfield Road LLC
Platinum Associates LLC
Warranty Deed
$1,300,000 · Level One Bank
Feb 19, 2003
—
Platinum Associates LLC
—
Deed Of Trust
related
$1,916,000 · Standard Federal Bank
Feb 3, 2003
$1,500,000
Platinum Associates LLC
Behnan Partners
Grant Deed
—
—
—
25000 Southfield Road LLC
—
Loan Modification
related
$1,300,000 · Level One Bk
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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