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    Property profile & analytics

    27692 Franklin Rd, Unit 7 Southfield, MI 48034-8203

    • Medical offices
    • 5,151 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    $3,620,000
    Last Sale
    Nov 02, 2021
    $3,550,000
    Location Intelligence
    Property ID
    US43-0865008
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Treasures Homes Inc / Real Estate Agency

    Property Details for 27692 Franklin Rd

    Year built
    1985
    Lot size
    0.61 lot acres
    Property size
    5,151 SF
    Zone code
    ERO
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    76-24-17-328-007
    APU
    762417328007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,490,000
      6.5%
      $3,810,000
      7%
      $3,555,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,180,000
      Geo Method
      $3,375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,620,000
      Retail
      $3,350,000
      Mixed-Use
      $3,110,000
      Hospitality
      $3,160,000
      Educational
      $3,495,000
      Residential Income
      $3,450,000
      Energy
      $3,630,000
      Income-Based Land
      $2,985,000
      Food Service
      $3,020,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2951
    Latitude
    42.4911
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,104
    $38,260
    $146,750
    $185,010
    -
    $76,520
    $293,500
    $370,020

    Comparable in this City

    • Value Estimation
      $295,000
      6,915 SF

      29877 Telegraph Rd Ste, Unit 100

      MEDICAL BUILDING • 6,915 SF
      29877 Telegraph Rd Ste, Southfield, MI 48034-7658
      View Details
    • Value Estimation
      $2,005,000
      23,482 SF

      27211 Lahser Rd

      MEDICAL BUILDING • 23,482 SF
      27211 Lahser Rd, Southfield, MI 48034-8469
      View Details
    • Value Estimation by Request
      94,573 SF

      26400 12th Mile Rd

      MEDICAL BUILDING • 94,573 SF
      26400 12th Mile Rd, Southfield, MI 48034-1700
      View Details
    • Value Estimation by Request
      69,688 SF

      27207 Lahser Rd

      MEDICAL BUILDING • 69,688 SF
      27207 Lahser Rd, Southfield, MI 48034-2168
      View Details
    • Value Estimation
      $335,000
      6,915 SF

      29877 Telegraph Rd, Unit 10

      MEDICAL BUILDING • 6,915 SF
      29877 Telegraph Rd, Southfield, MI 48034-1332
      View Details
    • Value Estimation
      $3,715,000
      5,151 SF

      27722 Franklin Rd

      MEDICAL BUILDING • 5,151 SF
      27722 Franklin Rd, Southfield, MI 48034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,000 SF

      Galleria Medical Office Complex

      Southfield, MI Medical Office Building
      300 Galleria Officentre, Southfield, MI 48034
      View Details
    • Contact for pricing
      41,128 SF

      Regency Office Park: Southfield, MI

      Multi-tenant office & medical space, 41,128 SF.
      27650-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      41,128 SF

      Southfield Office/Medical Space Available

      Office or medical space for sale or lease in Southfield.
      27694-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      225,458 SF

      Galleria Office Building - Southfield, MI

      Executive Office Space, 225,458 SF, Southfield
      200 Galleria, Southfield, MI 48034
      View Details
    • $999,999

      Southfield Mixed-Use Investment

      10,460 SF, 3 Buildings, High Visibility
      29229 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $2,295,000
      20,164 SF

      Executive Office Building, Southfield, MI

      Prime Southfield Office, 20,164 SF, $2.295M
      26776 Twelve Mile Rd, Southfield, MI 48034
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      55,790 SF

      Southfield Office & Medical Park

      Class A Office Space Available in Southfield, MI
      28200-28336 Franklin Rd, Southfield, MI 48034
      View Details
    • $9 SF/Yr
      5,711 SF

      Southfield Office Space Solutions

      Flexible workspaces, tailored to your needs.
      29777 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      3,098 SF

      Franklin Office Center: Southfield Suites

      Modern Southfield Office Space Available
      28446 Franklin Rd, Southfield, MI 48034
      View Details
    • $16 SF/Yr
      41,128 SF

      Regency Office Park: Southfield, MI

      Prime Southfield Office & Medical Space
      27650-27778 Franklin Rd, Southfield, MI 48034
      View Details
    • $18 SF/Yr
      95,000 SF

      Farmbrook Medical Building Suites Available

      Southfield Medical Office Space For Lease
      29877 Telegraph Rd, Southfield, MI 48034
      View Details
    • $25 SF/Yr
      95,000 SF

      Southfield Medical Office Condos

      Premium Medical Office Space Available
      29877 Telegraph Rd, Southfield, MI 48034
      View Details
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    Southfield, MI 48034-8203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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