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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Medical Office Space
29255 Northwestern Hwy Southfield, MI 48034-1018
Entity Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0163408
Property summary
AI-generated overview
This exceptional 27,300 square foot medical and creative office building, situated on a 1.99-acre lot in desirable Southfield, Michigan, presents a unique leasing opportunity. Built in 1983 and extensively renovated in 2004, the property boasts a prime location at 29255 Northwestern Hwy, 48034, with convenient access to major thoroughfares. Currently, 1,980 square feet of office space is available for lease within this multi-tenant building. The building offers ample parking with 165 spaces available for tenants and visitors. The property is zoned B-3, allowing for a variety of uses. The building's modern design caters to both medical and creative office tenants, offering a flexible and adaptable workspace. With its strategic location, substantial parking, and recent renovations, this property represents a compelling investment opportunity for businesses seeking a high-quality, well-maintained office space in a thriving Oakland County community. The property's APN is 24-07-351-074.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
27,465 SF
Lot
2 ac (87,207 SF)
Zoning code
B-3
APN
76-24-07-351-074
UPID
US43-0163408
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
-
David Cowin Physician
-
Millennium Medical and Surgical Foot Specialists Physician
-
Meghan E. Anderson, DPT Physician
-
My Kid's Doc Pediatrician Medical Clinic
-
3D Body Sculpting & Aesthetics Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.72M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Universal Properties Nmp LLC · 24 yrs held
Universal Properties Nmp LLC
since 2001
4 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,195,000
6.5%
$5,720,000
7%
$5,310,000
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10%
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
$162 / 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
$67,241
Tax year 2022
Assessed value
$1,380,570
Assessed 2022
Previous assessed
$1,380,570
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$215,840
Assessed improvement
$1,164,730
Land market value
$431,680
Improvement market value
$2,329,460
Total market value
$2,761,140
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
1979
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
1
Total area
27,465 SF
Lot
2 ac (87,207 SF)
Zoning code
B-3
APN
76-24-07-351-074
UPID
US43-0163408
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
1979
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
1
Lot
2 ac
Current owner
From public records · entity-resolved
Universal Properties Nmp LLC
Entity
Free & Clear · 24 yrs held
Mailing address
38701 7TH MILE RD STE #190, LIVONIA, MI 48152-3965
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2001
—
Universal Properties Nmp LLC
Northwestern Professional Pavi
Grant Deed
related
—
—
—
Universal Property Nmp LLC
—
Loan Modification
related
$1,299,621 · Miscellaneous Ins Co
—
—
Universal Properties Nmp LLC
—
Deed Of Trust
related
$2,140,000 · Standard Federal Bank
—
—
Universal Property Nmp LLC
—
Deed Of Trust
related
$2,200,000 · First Colony Life Insurance Co
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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