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Property profile & analytics
OFF-MARKET
Estimated value
$11,055,000
Medical Office Space
27207 Lahser Rd, Southfield, MI 48034-2168
Individually Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0217027
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1986
Total area
69,688 SF
Lot
4.5 ac (196,020 SF)
Zoning code
R-4
APN
76-24-16-476-049
UPID
US43-0217027
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
-
Lahser Endoscopy Center (outpatient) Medical Clinic
-
Platinum Care Physicians Geriatric Care Provider
-
Dr. Opada Alzohaili Physician
-
Dr. Arthur I. Bouier Jr, DO Physician
-
Dr. Michelle B. Calhoun, DO Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.06M
Owner & transaction history
Banc Of America Coml Mtg 1999-3 · 16 yrs held
Banc Of America Coml Mtg 1999-3
since 2009
5 recorded transactions
Zoning & alternative use
R-4 · 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%
$15,715,000
6.5%
$14,510,000
7%
$13,470,000
Blend value · Realmo final
$11.06M
Range $9.95M – $12.16M · ±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
$159 / 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
$136,677
Tax year 2022
Assessed value
$3,485,930
Assessed 2022
Previous assessed
$3,485,930
+0.0% YoY
Effective rate
3.92%
On assessed value
Assessed land
$282,270
Assessed improvement
$3,203,660
Land market value
$564,540
Improvement market value
$6,407,320
Total market value
$6,971,860
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Stories
2
Total area
69,688 SF
Lot
4.5 ac (196,020 SF)
Zoning code
R-4
APN
76-24-16-476-049
UPID
US43-0217027
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Southfield, MI
Zoning R-4 · permitted uses
R-4 · 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.
Building & site characteristics
From public records
Year built
1986
Heating
FORCED AIR
Stories
2
Lot
4.5 ac
Current owner
From public records · entity-resolved
Banc Of America Coml Mtg 1999-3
Individual
Free & Clear · 16 yrs held
Mailing address
34975 W 12TH MILE RD, FARMINGTON HILLS, MI 48331-3275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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, 2021
—
Lahser Medical Campus LLC
—
Deed
related
$2,500,000 · Horizon Bank
Sep 14, 2009
$6,200,000
Banc Of America Coml Mtg 1999-3
Sheriff Of Oakland County
Trustees Deed
related
—
Nov 2, 1999
—
Lahser Medical Complex LLC
Lahser Two LP
Quit Claim Deed
related
—
Oct 26, 1999
—
Lahser Medical Complex LLC
—
Deed Of Trust
related
$10,649,600 · Bank Of America
Aug 26, 1998
—
Southfield City (mi)
Lahser Two Ltd Partnership
Quit Claim Deed
related
—
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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