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Financial
Distress signals
Property profile

29177 Southfield Rd Southfield, MI 48076

OFF-MARKET
Turn key restaurants
Property ID
US43-3727662
5,460 SF 1.21 ac lot Built 2014
Last sale Jan 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This freestanding Applebee’s restaurant building comprises 5,430 square feet on a 1.35-acre site and is configured for single-tenant restaurant use under an absolute NNN lease structure. The property is located at the intersection of Southfield Road and W Twelve Mile Road in Southfield, Michigan, in a high-traffic retail area where vehicle counts exceed 73,000 vehicles per day. The immediate retail corridor includes a mix of national and regional tenants such as Home Depot, Target, Kroger, TJ…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$39k
Tax billed · 2022
Assessed value$867k
Assessed land$328k
Assessed improvement$540k
Effective rate4.50%

Value estimate

· Oct 2026
$475k
$428k – $523k
Submarket $/SF estimate$829k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$99 – $238
Qualifying comparables13

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-2
The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses
General categoryRESIDENTIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply36.9
Auto Repair Shop34.1
Wholesale Shop30.5

Location

29177 Southfield Rd Southfield, MI 48076-1900
County assessor Recorded deeds · 4 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
29085 Evergreen, Southfield, MI 48076-5008 $900,000 Feb 2026 3,680 SF
20000 12th Mile, Southfield, MI 48076-2428 $1,200,000 May 2025 5,478 SF
29095 Greenfield, Southfield, MI 48076 $420,000 Dec 2023 9,070 SF
29775 Southfield, Southfield, MI 48076-2012 $3,945,000 Jul 2019 9,189 SF
29111 Greenfield, Southfield, MI 48076-5831 $1,500,000 Jan 2019 4,219 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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