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Property profile & analytics
OFF-MARKET
Estimated value
$21,890,000
Office buildings
27777 Franklin Rd, Southfield, MI 48034-2337
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5278630
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1974
Total area
592,350 SF
Lot
23.64 ac (1,029,758 SF)
Zoning code
RC
APN
76-24-17-351-018
UPID
US43-5278630
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
-
Impellam Group PLC - Southfield - USA Employment Agency Employment Consultant
-
Bright Insurance Agency Insurance Agency
-
Edward Petersmarck Financial Advisor
-
Corecap Investments Financial Advisor
-
James Parks Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.06M
Blend (final)
Blend
$21.89M
Owner & transaction history
City Of Southfield · 20 yrs held
City Of Southfield
since 2006
6 recorded transactions
Zoning & alternative use
RC · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.89M
Range $19.70M – $24.08M · ±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
$37 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$1,012,930
Tax year 2021
Assessed value
$18,278,840
Assessed 2022
Previous assessed
$18,278,840
+0.0% YoY
Effective rate
5.54%
On assessed value
Assessed land
$1,482,850
Assessed improvement
$16,795,990
Land market value
$2,965,700
Improvement market value
$33,591,980
Total market value
$36,557,680
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
AC.CHILLED WATER
Stories
25
Units
1
Total area
592,350 SF
Lot
23.64 ac (1,029,758 SF)
Zoning code
RC
APN
76-24-17-351-018
UPID
US43-5278630
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RC · Southfield, MI
Zoning RC · permitted uses
RC · 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
1974
Heating
NONE
Cooling
Yes
Stories
25
Units
1
Lot
23.64 ac
Current owner
From public records · entity-resolved
City Of Southfield
Entity
Mailing address
1 TOWNE SQ STE #1600, SOUTHFIELD, MI 48076-3728
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2006
—
City Of Southfield
American Center LLC
Quit Claim Deed
related
—
Nov 15, 2005
—
Michigan Dept Transportation
City Of Southfield
Quit Claim Deed
related
—
Sep 16, 2004
—
Metropolitan Life Ins Co
American Center
Grant Deed
$42,000,000 · Miscellaneous Ins Co
—
—
American Center LLC
—
Deed Of Trust
related
$7,000,000 · Huntington National Bank
—
—
American Center LLC
—
Deed Of Trust
related
$42,000,000 · Metropolitan Life Insurance
—
—
American Center LLC
—
Deed Of Trust
related
$78,484,092 · Huntington National Bank
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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