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Property profile & analytics
OFF-MARKET
Estimated value
$945,000
Medical Office Space
29877 Telegraph Rd Ste L-11 Southfield, MI 48034-7657
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1832615
Property summary
AI-generated overview
This exceptional medical office building, Farmbrook Medical Building II, presents a unique leasing opportunity in the thriving Southfield, Michigan market. Located at 29877 Telegraph Road, this 95,000 square foot building offers multiple tenancy options, with spaces ranging from a minimum of 1,581 square feet to a maximum contiguous space of 3,485 square feet. Currently, 6,970 square feet of space is available for lease. The building boasts ample parking with 485 spaces, ensuring convenient access for patients and staff. Constructed in 1986, the property sits on a generous 4.11-acre lot and is zoned B3. Its prime location in Southfield, Oakland County, Michigan (zip code 48034) provides excellent visibility and accessibility. The property's Assessed Parcel Numbers (APNs) are 24-08-401-016, 24-08-401-017, 24-08-401-018, 24-08-401-019, 24-08-401-020, 24-08-401-021, and a portion of 24-08-401-. This is an ideal location for medical practices seeking modern, well-maintained office space in a high-demand area. Don't miss this chance to establish or expand your practice in this premier Southfield location. Contact us today to schedule a viewing and discuss your leasing needs.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Total area
6,164 SF
Lot
0.41 ac (17,903 SF)
Zoning code
B-3
APN
76-24-08-401-016
UPID
US43-1832615
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
-
Dr. Robert P. Blau, MD Ophthalmologist
-
Farmbrook Pharmacy Pharmacy
-
Michigan Premier Internists Medical Clinic
-
Dr. William S. Gonte, MD Physician
-
Michigan Eyecare Institute Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$945k
Owner & transaction history
C & S Southfield LLC · 5 yrs held
C & S Southfield LLC
since 2020
2 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%
$1,390,000
6.5%
$1,285,000
7%
$1,190,000
Blend value · Realmo final
$945k
Range $851k – $1.04M · ±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
$153 / 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
$16,278
Tax year 2022
Assessed value
$262,300
Assessed 2022
Previous assessed
$262,300
+0.0% YoY
Effective rate
6.21%
On assessed value
Assessed land
$44,270
Assessed improvement
$218,030
Land market value
$88,540
Improvement market value
$436,060
Total market value
$524,600
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
1983
Heating
FORCED AIR
Cooling
YES
Stories
4
Units
1
Total area
6,164 SF
Lot
0.41 ac (17,903 SF)
Zoning code
B-3
APN
76-24-08-401-016
UPID
US43-1832615
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
1983
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
C & S Southfield LLC
Entity
Mailing address
900 CUMMINGS CTR STE 226U, BEVERLY, MA 01915-6183
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2020
—
C & S Southfield LLC
Amd Southfield Michigan LP
Warranty Deed
—
—
—
Amd Southfield Michigan Ltd
—
Deed Of Trust
related
$16,600,000 · Northwest Savings Bank
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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