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Property profile

28240 Franklin Rd 4 Southfield, MI 48034

OFF-MARKET
Office buildings
Property ID
US43-2097312
View Sample
6,645 SF 0.72 ac lot Built 1984
Individually Owned 8-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Total area 6,645 SF
Lot 0.72 ac (31,537 SF)
Zoning code OS
APN 76-24-18-279-004
UPID US43-2097312

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2017
4 recorded transactions
2017
$122,005
2017
$122,005
2017
$1.2M
2017
Price N/A

Zoning & alternative use

OS · Southfield, MI
Zoning description

Theoffice-service district (O-S) is designed to accommodate various types ofofficeuses performing administrative, professional and personal services

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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