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Property profile & analytics
OFF-MARKET
Estimated value
$7,455,000
Medical Office Space
29110 Inkster Rd, Southfield, MI 48034-1098
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0431478
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
41,548 SF
Lot
3.31 ac (144,053 SF)
Zoning code
OS
APN
76-24-07-351-114
UPID
US43-0431478
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
-
JGA, Inc. Interior Design Home Decor Store
-
Safir Law PLC Law Firm
-
Cosmetic Surgery Centers for Men Physician Medical Clinic
-
Male Enhancement Center of America Physician Medical Clinic
-
Lifetime Looks Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.46M
CAP Approach
CAP
$8.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.46M
Owner & transaction history
Prorep Fund I Fountain View LLC · 2 yrs held
Prorep Fund I Fountain View LLC
since 2024
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
OS · 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
$7,455,000
ML approach
$7,455,000
CAP Approach
CAP Return
Estimation
6%
$9,370,000
6.5%
$8,650,000
7%
$8,030,000
Blend value · Realmo final
$7.46M
Range $6.71M – $8.20M · ±10% · vs last sale $7.46M (Mar 25 2024)
Last sale anchor
$7.46M
Mar 25 2024
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
$179 / 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
$152,828
Tax year 2022
Assessed value
$2,389,010
Assessed 2022
Previous assessed
$2,389,010
+0.0% YoY
Effective rate
6.40%
On assessed value
Assessed land
$356,550
Assessed improvement
$2,032,460
Land market value
$713,100
Improvement market value
$4,064,920
Total market value
$4,778,020
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
41,548 SF
Lot
3.31 ac (144,053 SF)
Zoning code
OS
APN
76-24-07-351-114
UPID
US43-0431478
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Southfield, MI
Zoning OS · permitted uses
OS · 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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Prorep Fund I Fountain View LLC
Entity
Mailing address
600 SUPERIOR AVE E STE #1500, CLEVELAND, OH 44114-2619
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
$7,455,500
Prorep Fund I Fountain View LLC
South Fountain View LLC
Warranty Deed
$4,000,000 · Symetra Life Insurance Co
Aug 13, 2019
—
South Fountain View LLC
—
Deed
related
$4,000,000 · Miscellaneous Ins Co
Jan 13, 2016
—
South Fountain View LLC
U S Bank National Association
Deed
$3,430,000 · Comerica Bank
Oct 31, 2014
—
Us Bk NA 2007-pwr17 Tr
South Fountain View Dev Co
Quit Claim Deed
related
—
Oct 3, 2014
$3,250,000
Us Bank NA Series 2007-pwr17
Sheriff Of Oakland County
Trustees Deed
related
—
Dec 27, 2004
—
South Fountain View Dev Co LLC
—
Trustees Deed
related
$5,600,000 · Fifth Third Bank
—
—
South Fountain View LLC
—
Deed Of Trust
related
$4,000,000 · Miscellaneous Ins Co
—
—
South Fountain View Dev Co LLC
—
Deed Of Trust
related
$6,000,000 · Wells Fargo Bank NA Wells Fargo Bank NA
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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