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
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2014
Total area 5,460 SF
Lot 1.21 ac (52,577 SF)
Zoning code R-2
APN 76-24-11-479-072
UPID US43-3727662

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Restaurant
  • Bar & Pub

Location

29177 Southfield Rd Southfield, MI 48076-1900
Southfield metro Census 160600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$829k
Blend (final) Blend
$475k

Owner & transaction history

since 2015
4 recorded transactions
2021
Price N/A
2017
Price N/A
2015
Price N/A
1969
Price N/A

Zoning & alternative use

R-2 · Southfield, MI
Zoning description

The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses

General category RESIDENTIAL
Top alternative use upside
Retail stores $1.2M +30.3%
Commercial (general) $960,000 +1.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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