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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Medical Office Space
29592 Northwestern Hwy, Southfield, MI 48034-1019
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5192740
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
5,123 SF
Lot
0.58 ac (25,265 SF)
Zoning code
B-3
APN
76-24-07-301-011
UPID
US43-5192740
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
-
Treasure Castle Learning Center High School Daycare Center
-
Pediatric Institute-Epilepsy Pediatrician
-
Dr. Rashmi Gupta, MD Pediatrician
-
Pediatric Institute of Neurology Medical Clinic
-
Pediatric Specialty Group Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Fmf Investments LLC · 2 yrs held
Fmf Investments LLC
since 2024
Last sale
$789,000
5 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
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$1,155,000
6.5%
$1,065,000
7%
$990,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $789k (Apr 5 2024)
Last sale anchor
$789k
Apr 5 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
$154 / 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
$12,968
Tax year 2022
Assessed value
$212,810
Assessed 2022
Previous assessed
$212,810
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$62,530
Assessed improvement
$150,280
Land market value
$125,060
Improvement market value
$300,560
Total market value
$425,620
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
1968
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
5,123 SF
Lot
0.58 ac (25,265 SF)
Zoning code
B-3
APN
76-24-07-301-011
UPID
US43-5192740
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
1968
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Fmf Investments LLC
Entity
Mailing address
6635 COTTONWOOD KNL, WEST BLOOMFIELD, MI 48322-3840
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2024
$789,000
Fmf Investments LLC
Eldoret Properties LLC
Warranty Deed
$631,200 · Pnc Bank NA
Apr 5, 2024
$631,200
Pnc Bank National Association
Fmf Investments LLC
Assignment Of Lease (leasehold Sale)
related
—
Jul 11, 2017
—
Eldoret Properties LLC
—
Deed
related
$295,304 · Pnc Bank NA
Mar 29, 2007
$620,000
Eldoret Properties LLC
Ksj Properties LLC
Warranty Deed
$516,000 · Jpmorgan Chase Bank NA
May 28, 1998
—
Ksj Properties LLC
Terry Barr & Associates
Grant Deed
$404,000 · N B D 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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