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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Sports & entertainment properties
25228 12th Mile Rd, Southfield, MI 48034-1804
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-2706789
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1998
Total area
12,898 SF
Lot
2.62 ac (113,997 SF)
Zoning code
B-3
APN
76-24-08-376-023
UPID
US43-2706789
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Regency Manor Real Estate Group LLC · 4 yrs held
Regency Manor Real Estate Group LLC
since 2022
7 recorded transactions
Zoning & alternative use
B-3 · 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
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$595,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$515,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$400,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$43 / 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
$40,515
Tax year 2022
Assessed value
$749,910
Assessed 2022
Previous assessed
$749,910
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$282,150
Assessed improvement
$467,760
Land market value
$564,300
Improvement market value
$935,520
Total market value
$1,499,820
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
12,898 SF
Lot
2.62 ac (113,997 SF)
Zoning code
B-3
APN
76-24-08-376-023
UPID
US43-2706789
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MI
Zoning 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
Southfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
AUTO REPAIR, GARAGE
Est. value
$595,000
MEDICAL BUILDING
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$400,000
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Regency Manor Real Estate Group LLC
Entity
Mailing address
25228 W 12TH MILE RD, SOUTHFIELD, MI 48034-1804
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2022
—
Regency Manor Real Estate Group LLC
Jaden One Investments LLC
Deed
$1,006,250 · Oxford Bank
Nov 6, 2018
—
Jaden One Investments LLC
—
Deed
related
$500,000 · Comerica Bank
Jan 15, 2009
—
Jaden One Investments LLC
Bank Of America NA
Grant Deed
—
Nov 14, 2007
$1,841,050
Lasalle Bank Midwest NA
Sheriff Of Oakland County
Trustees Deed
related
—
Apr 24, 2001
—
Palace Of Southfield LLC
Connelly,wilfred T
Grant Deed
$153,465 · Wilfred T
Oct 17, 2000
$2,210,429
Charter Bank
Connelly,wilfred T
Trustees Deed
related
—
—
—
Palace Of Southfield LLC
—
Deed Of Trust
related
$2,500,000 · Comerica Bank
—
—
Palace Of Southfield LLC
—
Deed Of Trust
related
$500,000 · Comerica Bank
—
—
Palace Of Southfield LLC
—
Deed Of Trust
related
$100,000 · Comerica Bank
—
—
Palace Of Southfield LLC
—
Deed Of Trust
related
$3,000,000 · Standard Federal Bank
—
—
Jaden One Investments LLC
—
Deed Of Trust
related
$1,525,000 · Super Fair Cellular INC
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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