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Property profile & analytics
OFF-MARKET
Estimated value
$8,055,000
Drug stores
28901 Greenfield Rd, Southfield, MI 48076-7120
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0079440
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2001
Total area
14,370 SF
Lot
1.75 ac (76,186 SF)
Zoning code
B-3
APN
76-24-13-230-021
UPID
US43-0079440
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
-
Goodwill Store & Donation Center - Southfield Discount Store
-
FedEx OnSite Postal Service Courier Service
-
Western Union Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
-
Amy Breda Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.06M
Owner & transaction history
28901 Greenfield Road Holdings LLC · 4 yrs held
28901 Greenfield Road Holdings LLC
since 2021
Last sale
$7.8M
4 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
$8,225,000
ML approach
$8,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.06M
Range $7.25M – $8.86M · ±10% · vs last sale $7.83M (Nov 1 2021)
Last sale anchor
$7.83M
Nov 1 2021
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
$561 / 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
$50,553
Tax year 2022
Assessed value
$1,076,730
Assessed 2022
Previous assessed
$1,076,730
+0.0% YoY
Effective rate
4.70%
On assessed value
Assessed land
$247,610
Assessed improvement
$829,120
Land market value
$495,220
Improvement market value
$1,658,240
Total market value
$2,153,460
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
14,370 SF
Lot
1.75 ac (76,186 SF)
Zoning code
B-3
APN
76-24-13-230-021
UPID
US43-0079440
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
28901 Greenfield Road Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
900 19TH ST NW, WASHINGTON, DC 20006-2105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 1, 2021
$4,449,631
28901 Greenfield Road Holdings LLC
Maple Southfield LLC
Sheriffs Deed
related
—
Feb 14, 2006
$7,826,154
Maple Southfield LLC
Pvp Greenfield LLC
Deed
—
Jun 29, 2004
—
Pvp Greenfield
S E C I Incorporated
Grant Deed
related
—
Jun 15, 2004
—
Commercial Mortgage Pass Thro
Pvp Greenfield
Grant 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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