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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Commercial real estate
26051 Lahser Rd, Southfield, MI 48033-2601
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0489812
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
15,321 SF
Lot
2.7 ac (117,612 SF)
Zoning code
ERO
APN
76-24-21-202-032
UPID
US43-0489812
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
-
Great Lakes Surgical Center, LLC Medical Clinic Hospital
-
Dr. Michael L. Bernard, MD Physician
-
PRASAD J THOTTAM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.39M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$2.05M
Owner & transaction history
Glsc Real Estate LLC · 1 yrs held
Glsc Real Estate LLC
since 2024
7 recorded transactions
Zoning & alternative use
ERO · 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%
$2,585,000
6.5%
$2,385,000
7%
$2,215,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,700,000
Current use
RESTAURANT
$2,650,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$133 / 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
$121,124
Tax year 2022
Assessed value
$1,985,500
Assessed 2022
Previous assessed
$1,985,500
+0.0% YoY
Effective rate
6.10%
On assessed value
Assessed land
$291,090
Assessed improvement
$1,694,410
Land market value
$582,180
Improvement market value
$3,388,820
Total market value
$3,971,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
15,321 SF
Lot
2.7 ac (117,612 SF)
Zoning code
ERO
APN
76-24-21-202-032
UPID
US43-0489812
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
COMMERCIAL (GENERAL) Current
Est. value
$2.7M
RESTAURANT
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Glsc Real Estate LLC
Entity
Mailing address
26051 LAHSER RD, SOUTHFIELD, MI 48033-2601
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2024
—
Glsc Real Estate LLC
Great Lakes Surgical Properties LLC
Deed
$5,355,000 · Bank Of America NA
Apr 18, 2017
—
Great Lakes Surgical Prop LLC
—
Deed
related
$4,300,000 · Chemical Bk
May 10, 2016
—
Great Lakes Surgical Prop LLC
Wgh 26051 Associates LLC
Quit Claim Deed
related
—
Oct 12, 2015
—
Wgh 26051 Associates LLC
26051 Associates LLC
Quit Claim Deed
related
—
Dec 22, 2004
—
Great Lakes Surgical Props LLC
—
Trustees Deed
related
$5,100,000 · Wells Fargo Bank
Sep 29, 2004
—
Great Lakes Surgical Props LLC
Boyer Co Lc
Quit Claim Deed
related
$1,023,000 · Wells Fargo Bank
Jul 19, 2004
—
Boyer Co LLC
Lakeside Finance Co LLC
Grant Deed
related
—
Jun 9, 2003
—
Lakeside Finance Co LLC
Elan Village LLC
Quit Claim Deed
related
—
—
—
Elan Village LLC
—
Deed Of Trust
related
$100,000 · Individual
—
—
Elan Village LLC
—
Deed Of Trust
related
$100,000 · Assisted Living Associates LLC
—
—
Elan Village LLC
—
Deed Of Trust
related
$54,000 · Lakeside Finance Co LLC
—
—
Elan Village LLC
—
Deed Of Trust
related
$25,000 · Wood Hills INC
—
—
Elan Village LLC
—
Deed Of Trust
related
$20,000 · Parliament Co
—
—
Great Lakes Surgical Prop LLC
—
Deed Of Trust
related
$4,300,000 · Chemical 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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