Property profile

26400 12th Mile Rd Southfield, MI 48034

OFF-MARKET
Medical Office Space
Property ID
US43-1251313
94,573 SF 6.27 ac lot Built 1976
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Total area 94,573 SF
Lot 6.27 ac (273,121 SF)
Zoning code B-2
APN 76-24-07-477-014
UPID US43-1251313

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
  • Medical Clinic
  • Medical Clinic
  • Dental Office
  • Physician Medical Clinic
  • Medical Clinic

Location

26400 12th Mile Rd Southfield, MI 48034-1700
Southfield metro Census 160900 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
$11.31M

Owner & transaction history

since 2018
6 recorded transactions
2018
Price N/A
2005
Price N/A
2004
Price N/A
2004
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Southfield, MI
Zoning description

The Planned Business District (B-2) is designed to service the needs of the convenience or comparison shopper. The district is generally characterized by an integrated or planned cluster of establishments served by a com…

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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