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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Automotive properties
28000 Telegraph Rd Southfield, MI 48034-1955
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-0285654
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1970
Total area
43,867 SF
Lot
3.88 ac (169,013 SF)
Zoning code
RS
APN
76-24-17-226-014
UPID
US43-0285654
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
-
Glassman Kia Auto Repair Shop
-
Glassman Subaru Car Dealership
-
Glassman Hyundai Car Dealership
-
Glassman Automotive Group Car Dealership
-
Genesis of Southfield Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
Glassman Investment LLC · 3 yrs held
Glassman Investment LLC
since 2023
4 recorded transactions
Zoning & alternative use
RS · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Regional Shopping District (RS) is designed to provide for a large concentration of comparison shopping,office, and service needs for persons residing in a densely settled suburban area.
Zone name
Regional Shopping
General category
COMMERCIAL
Zone area
254.02 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$40 / 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
$136,164
Tax year 2022
Assessed value
$2,727,770
Assessed 2022
Previous assessed
$2,727,770
+0.0% YoY
Effective rate
4.99%
On assessed value
Assessed land
$376,050
Assessed improvement
$2,351,720
Land market value
$752,100
Improvement market value
$4,703,440
Total market value
$5,455,540
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Total area
43,867 SF
Lot
3.88 ac (169,013 SF)
Zoning code
RS
APN
76-24-17-226-014
UPID
US43-0285654
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RS · Southfield, MIZoning RS · permitted uses
RS · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Regional Shopping District (RS) is designed to provide for a large concentration of comparison shopping,office, and service needs for persons residing in a densely settled suburban area.
Zone name
Regional Shopping
General category
COMMERCIAL
Zone area
254.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Lot
3.88 ac
Current owner
From public records · entity-resolved
Glassman Investment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
28000 TELEGRAPH RD, SOUTHFIELD, MI 48034-1955
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 5, 2023
—
Glassman Investment LLC
Glassman Automotive Group INC
Intrafamily Transfer
related
—
Apr 5, 2010
—
Glassman Oldsmobile INC
Chrysler Realty Corp
Grant Deed
—
Aug 19, 2009
—
Chrysler Group Realty Co LLC
—
Deed Of Trust
related
—
Jun 12, 2009
—
Chrysler Grp Realty Co LLC
Chrysler Realty Co LLC
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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