Property profile

28875 Franklin Rd Southfield, MI 48034

OFF-MARKET
Drive through restaurants
Property ID
US43-0107191
5,195 SF 0.9 ac lot Built 2017
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2017
Total area 5,195 SF
Lot 0.9 ac (39,204 SF)
Zoning code B-3
APN 76-24-18-201-055
UPID US43-0107191

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company
  • Cafe & Coffee Shop

Location

28875 Franklin Rd Southfield, MI 48034-1692
Southfield metro Census 160400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$601k
Blend (final) Blend
$465k

Owner & transaction history

since 2018
7 recorded transactions
2021
Price N/A
2018
Price N/A
2016
Price N/A
2007
Price N/A
2006
Price N/A
2006
Price N/A
2004
Price N/A

Zoning & alternative use

B-3 · Southfield, MI
Zoning description

The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic

General category COMMERCIAL

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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