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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Drive through restaurants
28875 Franklin Rd, Southfield, MI 48034-1692
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0107191
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Northwestern & Franklin Trucking Company
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$601k
Blend (final)
Blend
$530k
Owner & transaction history
Hamilton Street Dev LLC · 7 yrs held
Hamilton Street Dev LLC
since 2018
7 recorded transactions
Zoning & alternative use
B-3 · 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
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$102 / 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
$34,306
Tax year 2022
Assessed value
$611,420
Assessed 2022
Previous assessed
$611,420
+0.0% YoY
Effective rate
5.61%
On assessed value
Assessed land
$246,990
Assessed improvement
$364,430
Land market value
$493,980
Improvement market value
$728,860
Total market value
$1,222,840
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
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
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MI
Zoning B-3 · permitted uses
B-3 · 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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Hamilton Street Dev LLC
Entity
Mailing address
1100 S WASHINGTON AVE #3, SAGINAW, MI 48601-2557
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2021
—
Hamilton Street Development LLC
—
Deed
related
$1,623,000 · Frankenmuth Cu
Aug 3, 2018
—
Hamilton Street Dev LLC
Nw Franklin LLC
Warranty Deed
—
Nov 14, 2016
—
Nw Franklin LLC
Pi Realty L L C
Warranty Deed
$7,250,000 · The Privatebank & Trust Co
Mar 5, 2007
—
Pi Realty LLC
Msts LLC
Quit Claim Deed
related
—
Sep 6, 2006
—
Pi Realty LLC
Nw 12 Real Estate LLC
Quit Claim Deed
related
—
Jun 12, 2006
—
Msts LLC
Alkhafaji,shakir
Quit Claim Deed
related
—
Mar 23, 2004
—
Dorothy Gioutsos
Gioutsos,dorothy
Quit Claim Deed
related
—
Jul 1, 2003
—
Wilk Properties LLC
Griffin Properties
Quit Claim Deed
related
—
May 28, 2003
—
Nw12 Real Estate LLC
Wilk Properties LLC
Grant Deed
$970,000 · Standard Federal Bank
—
—
Pi Realty LLC
—
Deed Of Trust
related
$483,000 · Huntington National Bank
—
—
Nw 12 Real Estate LLC
—
Deed Of Trust
related
$200,000 · Alliance Surety Holdings INC
—
—
Wilk Properties LLC
—
Deed Of Trust
related
$2,000,000 · Michigan 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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