Entity Owned 
For Lease
1 / 19
Contact for pricing
29777 Telegraph Rd, Southfield, MI 48034
View Listing →
Property summary
AI-generated overview
The property is a commercial office space totaling 3,763 square feet that is configured for office use and was recently renovated, with furnishings included. It is located within a building that provides shared amenities, including a full-service café, a 24-hour grab-and-go sundry shop, dry cleaning services, and an outdoor patio seating area, as well as on-site conference facilities for meetings and events.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Total area
280,984 SF
Lot
11.88 ac (517,493 SF)
Zoning code
ERO-M
APN
76-24-08-402-009
UPID
US43-1187229
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
-
Law Firm
-
Business Service Center
-
Law Firm
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Industrial Manufacturer
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.20M
Blend (final)
Blend
$11.02M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
ERO-M · Southfield, MI
Zoning description
The Education-Research-OfficeDistricts (ERO-M, ERO) are designed to accommodate various types ofofficeuses performing administrative, professional and technical services
General category
UNKNOWN
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$11.02M
Value range
$9.91M – $12.12M
±10% around blend
Estimated value / SF
$39 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$9.91M
blend $11.02M
$12.12M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
280,984 SF
Lot area
11.88 ac
Year built
1983
Stories
4
APN
76-24-08-402-009
Zoning
ERO-M
Assessed value
$9,362,320
Annual tax
$285,191
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$285,191
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.20M
Range $2.57M – $11.90M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$11.02M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 64 sales
$79
-50%
County 427 sales
$117
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $39/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$12.86M
Move the market yield to see immediate price impact.
Value / SF
$46
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$810k
$16.20M
$11.57M
$9.00M
$900k
$18.00M
$12.86M
$10.00M
$990k
$19.81M
$14.15M
$11.00M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$285,191
Tax year 2022
Assessed value
$9,362,320
Assessed 2022
Previous assessed
$9,362,320
+0.0% YoY
Effective rate
3.05%
On assessed value
Assessed land
$1,280,790
Assessed improvement
$8,081,530
Land market value
$2,561,580
Improvement market value
$16,163,060
Total market value
$18,724,640
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1983
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
280,984 SF
Lot
11.88 ac (517,493 SF)
Zoning code
ERO-M
APN
76-24-08-402-009
UPID
US43-1187229
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
ERO-M · Southfield, MIZoning ERO-M · permitted uses
ERO-M · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Education-Research-OfficeDistricts (ERO-M, ERO) are designed to accommodate various types ofofficeuses performing administrative, professional and technical services
General category
UNKNOWN
Building & site characteristics
From public records
Year built
1983
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
11.88 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
ERO-M
UNKNOWN
Jurisdiction
Southfield, MI
Recorded code
ERO-M
Official district
ERO-M
Official district profile
What the municipal code says about ERO-M
Zoning description
The Education-Research-OfficeDistricts (ERO-M, ERO) are designed to accommodate various types ofofficeuses performing administrative, professional and technical services
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for ERO-M in Southfield, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
