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Property profile & analytics
FOR LEASE
Grocery and convenience stores
29150 Northwestern Hwy, Southfield, MI 48034
Entity Owned
~
Est. High Equity
Property ID
US43-1740185
For Lease
1 / 2
Contact for pricing
29150 Northwestern Hwy, Southfield, MI 48034
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Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2002
Total area
1,874 SF
Lot
0.46 ac (20,081 SF)
Zoning code
B-3
APN
76-24-07-326-019
UPID
US43-1740185
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
-
bp Gas Station
-
Megan Mary Inc Gas Station
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
Mcorp 29150 Nw Highway LLC
Mcorp 29150 Nw Highway LLC
since 2025
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
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
$17,535
Tax year 2022
Assessed value
$408,450
Assessed 2022
Previous assessed
$408,450
+0.0% YoY
Effective rate
4.29%
On assessed value
Assessed land
$73,890
Assessed improvement
$334,560
Land market value
$147,780
Improvement market value
$669,120
Total market value
$816,900
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
For Lease
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,874 SF
Lot
0.46 ac (20,081 SF)
Zoning code
B-3
APN
76-24-07-326-019
UPID
US43-1740185
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Mcorp 29150 Nw Highway LLC
Entity
Mailing address
29150 NORTHWESTERN HWY, SOUTHFIELD, MI 48034-1012
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2026
—
Mcorp 29150 Nw Highway LLC
—
Deed
related
$6,500,000 · Barewin Properties LLC
Sep 15, 2025
—
Meorp 29150 Nw Highway LLC
—
Deed
related
$500,000 · Megan Mary INC
Sep 5, 2025
—
Mcorp 29150 Nw Highway LLC
Megan Mary INC
Warranty Deed
—
Dec 7, 2018
$875,000
Megan Mary INC
Companions II LLC
Warranty Deed
$875,000 · Chemical Bank
Oct 12, 2012
—
Companions II LLC
Megan Mary INC
Warranty Deed
—
Oct 12, 2012
$875,000
Megan Mary INC
Companions II LLC
Grant Deed
—
Oct 7, 2002
$180,420
Megan Mary INC
Aztec Ltd LLC
Grant Deed
$620,000 · Bank One NA
Feb 20, 2002
$180,420
Aztec Ltd LLC
Petrol Properties LLC
Grant Deed
—
Feb 20, 2002
—
Aztec Ltd LLC
—
Deed Of Trust
related
$4,400,000 · Bank One Michigan
Jan 19, 2001
$318,500
Petrol Properties LLC
Speedway Superamerica LLC
Grant Deed
$30,200,000 · Lehman Capital Corp
—
—
Megan Mary INC
—
Deed Of Trust
related
$1,350,000 · Citizens Federal Bank Fsb
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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