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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
29020 Southfield Rd Southfield, MI 48076-1903
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0244502
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1955
Total area
1,355 SF
Lot
0.24 ac (10,498 SF)
Zoning code
B-3
APN
76-24-12-351-005
UPID
US43-0244502
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
-
Marathon Gas Gas Station
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Yatooma Oil LLC · 1 yrs held
Yatooma Oil LLC
since 2024
7 recorded transactions
Zoning & alternative use
B-3 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,593
Tax year 2022
Assessed value
$217,280
Assessed 2022
Previous assessed
$217,280
+0.0% YoY
Effective rate
5.34%
On assessed value
Assessed land
$38,640
Assessed improvement
$178,640
Land market value
$77,280
Improvement market value
$357,280
Total market value
$434,560
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,355 SF
Lot
0.24 ac (10,498 SF)
Zoning code
B-3
APN
76-24-12-351-005
UPID
US43-0244502
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MIZoning 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
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
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Yatooma Oil LLC
Entity
Free & Clear · 1 yrs held
Mailing address
6632 TELEGRAPH RD #351, BLOOMFIELD HILLS, MI 48301-3012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
Yatooma Oil LLC
B Murad Enterprises LLC
Deed
—
Dec 28, 2007
—
B Murad Equities LLC
Merdau,hanna S & Sound
Warranty Deed
$2,000,000 · Bassam & Rasha Murad
Jul 5, 2005
$75,000
Hanna S Merdau
G & S Dev INC
Quit Claim Deed
related
—
Sep 21, 2004
$78,333
G S Development INC
12 Southfield Prop
Trustees Deed
—
Sep 24, 2002
—
12 & Southfield Property LLC
Fast Track Ventures LLC
Grant Deed
$600,000 · Franklin Bank
Jul 2, 2002
—
Fast Track Ventures LLC
Speedway Superamerica LLC
Grant Deed
related
—
Mar 23, 2000
—
Mercury Petroleum
T P I Petroleum INC
Grant Deed
related
—
—
—
B Murad Equities LLC
—
Deed Of Trust
related
$422,500 · Bank Of Birmingham
—
—
12 & Southfield Property LLC
—
Deed Of Trust
related
$72,000 · G & S Development INC
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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