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    Property profile & analytics

    28875 Franklin Rd Southfield, MI 48034-1692

    • Drive through restaurants
    • 5,195 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimation
    $495,000
    Location Intelligence
    Property ID
    US43-0107191
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Northwestern & Franklin / Trucking Company
    • Starbucks / Coffee Store / Espresso Bar

    Property Details for 28875 Franklin Rd

    Year built
    2017
    Lot size
    0.90 lot acres
    Property size
    5,195 SF
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    76-24-18-201-055
    APU
    762418201055

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $575,000
      6.5%
      $550,000
      7%
      $580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $500,000
      Retail
      $520,000
      Mixed-Use
      $450,000
      Hospitality
      $450,000
      Educational
      $560,000
      Residential Income
      $420,000
      Energy
      $495,000
      Income-Based Land
      $535,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3085
    Latitude
    42.4997
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $34,306
    $246,990
    $364,430
    $611,420
    -
    $493,980
    $728,860
    $1,222,840

    Comparable in this City

    • Value Estimation
      $495,000
      5,504 SF

      28681 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,504 SF
      28681 Telegraph Rd, Southfield, MI 48034-1951
      View Details
    • Value Estimation
      $550,000
      3,669 SF

      28481 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,669 SF
      28481 Telegraph Rd, Southfield, MI 48034-7506
      View Details
    • Value Estimation
      $1,075,000
      2,142 SF

      29235 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,142 SF
      29235 Telegraph Rd, Southfield, MI 48034-1352
      View Details
    • Value Estimation
      $545,000
      2,723 SF

      24705 12th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,723 SF
      24705 12th Mile Rd, Southfield, MI 48034-1266
      View Details
    • Value Estimation
      $415,000
      2,731 SF

      29177 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,731 SF
      29177 Telegraph Rd, Southfield, MI 48034-7603
      View Details
    • Value Estimation
      $460,000
      4,061 SF

      28670 Northwestern Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,061 SF
      28670 Northwestern Hwy, Southfield, MI 48034-1829
      View Details

    Similar Nearby for Sale

    • $999,999

      Southfield Mixed-Use Investment

      10,460 SF, 3 Buildings, High Visibility
      29229 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $3,800,000
      1,874 SF

      Established Gas Station on Hard Corner

      Gas station with high traffic location and established customer base.
      29150 Northwestern Hwy, Southfield, MI 48034
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    • Contact for pricing
      16.00 Acres

      Southfield Retail Development Site

      16-Acre Site, 100,000 SF Potential
      21301 Telegraph Rd, Southfield, MI 48034
      View Details
    • $2,295,000
      20,164 SF

      Executive Office Building, Southfield, MI

      Prime Southfield Office, 20,164 SF, $2.295M
      26776 Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Commercial Outlots on Northwestern Highway

      Two commercial outlots available on Northwestern Highway in Southfield.
      27400 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing
      66,195 SF

      Southfield Industrial Flex Space

      66,195 SF Flex Space - Owner Sale
      25510 11 Mile Rd, Southfield, MI 48034
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,400 SF

      Prime Retail Space on Telegraph

      High-visibility retail space with ample parking and traffic.
      29950-30000 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      59,950 SF

      Franklin Plaza Retail Space For Lease

      Southfield, MI Retail Center - Multiple Suites Available
      29199 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $17 SF/Yr
      5,929 SF

      Southfield Retail/Office Space For Lease

      Prime Southfield location, flexible suites available.
      29688 Telegraph Rd, Southfield, MI 48034
      View Details
    • $35 SF/Yr
      1,400 SF

      Retail Space in Southfield, MI

      Prominent retail center with high visibility and strong demographics.
      24529-24555 W 12 Mile Rd, Southfield, MI 48034
      View Details
    • $18 SF/Yr
      3,470 SF

      Retail Space on Northwestern Highway

      Retail spaces available on high-traffic Northwestern Highway.
      28661 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $19 SF/Yr
      2,500 SF

      Salon Suites in Southfield Location

      Turn-key salon suites suitable for beauty, medical, or wellness concepts.
      29476-29480 Northwestern Hwy, Southfield, MI 48034
      View Details

    Property Visit Statistics

    • Visits by month
      25.6k
    • Visitors by month
      12.7k
    • Avg Time on site
      8 min
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    28875 Franklin Rd
    Southfield, MI 48034-1692
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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