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Property profile & analytics
OFF-MARKET
Estimated value
$1,445,000
Strip malls
26559 Evergreen Rd Southfield, MI 48076-4201
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3654364
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Total area
12,640 SF
Lot
2.4 ac (104,544 SF)
Zoning code
RC
APN
76-24-22-277-008
UPID
US43-3654364
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$1.45M
Owner & transaction history
Southfield Retail Equities LLC · 10 yrs held
Southfield Retail Equities LLC
since 2016
1 recorded transaction
Zoning & alternative use
RC · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and service uses with high riseofficeand/or residential development
Zone name
Regional Center
General category
PLANNED_DEVELOPMENT
Zone area
817.74 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$2.2M
+89.3%
Restaurant
$2.2M
+86.0%
Auto repair, garage
$1.6M
+31.7%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,175,000
Current use
COMMERCIAL (GENERAL)
$2,225,000
Change: +89% · Conversion: Easy
RESTAURANT
$2,190,000
Change: +86% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,550,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$1,350,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,025,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$114 / 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
$57,897
Tax year 2022
Assessed value
$957,710
Assessed 2022
Previous assessed
$957,710
+0.0% YoY
Effective rate
6.05%
On assessed value
Assessed land
$204,380
Assessed improvement
$753,330
Land market value
$408,760
Improvement market value
$1,506,660
Total market value
$1,915,420
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
2017
Heating
FORCED AIR
Stories
1
Total area
12,640 SF
Lot
2.4 ac (104,544 SF)
Zoning code
RC
APN
76-24-22-277-008
UPID
US43-3654364
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RC · Southfield, MIZoning RC · permitted uses
RC · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Regional Center District is intended to provide for the combining of high riseoffice, high rise multiple-family, and hotels and motels in a planned development and to provide for the combining of secondary retail and service uses with high riseofficeand/or residential development
Zone name
Regional Center
General category
PLANNED_DEVELOPMENT
Zone area
817.74 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2017
Heating
FORCED AIR
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Southfield Retail Equities LLC
Entity
Free & Clear · 10 yrs held
Mailing address
55 5TH AVE FL, NEW YORK, NY 10003-4301
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2016
—
Southfield Retail Equities LLC
Southfield Hs Dev LLC
Quit Claim Deed
—
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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