Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    29850 Northwestern Hwy Southfield, MI 48034-5709
    Back to Search
    Property profile & analytics

    29850 Northwestern Hwy, Southfield, MI 48034-5709

    View on Map
    • Investment properties
    • 15,764 SF
    • 1.31 lot acres
    Off-Market
    Property ID
    US43-1152897
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nargiz Nesimova, PLLC / Law Firm
    • Chaldean Federation of America / Social Service Agency / Charitable Organization
    • Northwest Professionals, LLC / Accounting Firm

    Property Details for 29850 Northwestern Hwy

    Year built
    2008
    Lot size
    1.31 lot acres
    Zone code
    B-3
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    76-24-07-301-013
    APU
    762407301013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 16, 2021 — Franklin Properties LLC — Deed · related $1.2M · Horizon Bank
    Aug 3, 2016 — Franklin Properties LLC — Deed · related $1.4M · Old National Bank
    Jun 6, 2008 — Franklin Properties LLC Tinelle Properties LLC Quit Claim Deed · related $2M · Tcf National Bank
    Mar 3, 2008 — Tinelle Properties LLC Aea Dev Co LLC Quit Claim Deed · related —
    Jun 25, 1999 — Aea Deveopment Co Eisenberg,isidor & Belle Quit Claim Deed · related —
    Jan 26, 1999 $50,000 Asa Shapiro Fidelia T Sparr Estate Grant Deed —
    Jan 21, 1999 — Asa Shapiro Raski,edith K Quit Claim Deed · related —
    — — Franklin Properties LLC — Deed Of Trust · related $1.3M · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $989,000
      Market price range: $372k - $3.98M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Southfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3188
    Latitude
    42.5072
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $49,697
    $141,450
    $622,150
    $763,600
    -
    $282,900
    $1,244,300
    $1,527,200

    Comparable in this City

    • Value Estimation
      $3,735,000
      63,048 SF

      25650 11th Mile Rd

      INDUSTRIAL LOFT BUILDING
      25650 11th Mile Rd, Southfield, MI 48034-2253
      View Details
    • Value Estimation by Request
      1,021,288 SF

      100 Galleria

      Office Units
      100 Galleria, Southfield, MI 48034
      View Details
    • Value Estimation
      $565,000
      13.56 Acres

      28545 Franklin Rd

      COMMERCIAL (GENERAL)
      28545 Franklin Rd, Southfield, MI 48034-1662
      View Details
    • Value Estimation
      $2,125,000
      56,887 SF

      28585 Telegraph Rd

      VEHICLE SALES, RENTALS
      28585 Telegraph Rd, Southfield, MI 48034-7507
      View Details
    • Value Estimation
      $5,560,000
      149,778 SF

      29201 Telegraph Rd

      OFFICE BUILDING
      29201 Telegraph Rd, Southfield, MI 48034-1331
      View Details
    • Value Estimation
      $3,870,000
      94,128 SF

      28588 Northwestern Hwy

      OFFICE BUILDING
      28588 Northwestern Hwy, Southfield, MI 48034-1840
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,400 SF

      High-Visibility Retail/Office Investment Opportunity

      Versatile property with high traffic, development potential, and diverse zoning.
      29229 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing
      183,389 SF

      Single-Tenant Industrial Asset For Sale

      Single-tenant industrial property with absolute NNN lease structure.
      26360 American Dr, Southfield, MI 48034
      View Details
    • Contact for pricing
      114,397 SF

      Southfield Office Building For Sale

      Southfield office building for sale or lease opportunity.
      28333 Telegraph Rd, Southfield, MI 48034
      View Details
    • Contact for pricing
      108,102 SF

      Southfield Flex/Industrial Property For Sale

      Flex/Industrial property available for sale in Southfield, Michigan.
      27301-27335 W 11 Mile Rd, Southfield, MI 48034
      View Details
    • $130,000
      0.21 Acres

      Residential Land in Southfield, MI

      Vacant lot in prestigious Southfield subdivision, ready to build.
      26597 Primary Dr, Southfield, MI 48034
      View Details
    • Contact for pricing
      225,458 SF

      Southfield Office Building For Sale

      225,458 SF office building in Southfield, Michigan.
      200 Galleria, Southfield, MI 48034
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at High-Traffic Intersection

      Retail space available in Southfield, MI at 12 Mile and Telegraph.
      24540-24555 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      24724 Farmbrook Rd, Southfield, MI 48034

      Office Spaces
      24724 Farmbrook Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space For Rent

      Affordable office space with all utilities included in rent.
      25811 W Twelve Mile Rd, Southfield, MI 48034
      View Details
    • Contact for pricing

      Retail Center on Northwestern Highway

      Well-maintained retail center in Southfield with high visibility.
      28637 Northwestern Hwy, Southfield, MI 48034
      View Details
    • $600 /Mo
      175 SF

      Southfield Office Suite For Rent

      Single room office suite in a prime Southfield location.
      29623 Northwestern Hwy, Southfield, MI 48034
      View Details
    • Contact for pricing

      Southfield Office Space Available

      Furnished office space for sublease or sale in Southfield, MI.
      27300 West 11 Mile Rd, Southfield, MI 48034
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29850 Northwestern Hwy
    Southfield, MI 48034-5709
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    29850 Northwestern Hwy, Southfield, MI, 48034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!