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Property profile & analytics
OFF-MARKET
Estimated value
$1,930,000
Office buildings
30233 Southfield Rd Southfield, MI 48076-1304
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-1411518
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1967
Total area
12,180 SF
Lot
1.54 ac (67,082 SF)
Zoning code
OS
APN
76-24-11-226-016
UPID
US43-1411518
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
-
MITYUNG Infotech (Bike/Boat/Book/etc) Store Corporate Office
-
Michigan Family Institute Marriage Or Relationship Counselor Counselor
-
Educational Partnerships Inc. Charitable Organization
-
New Life Christian International Ministries Church
-
NAMI Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.93M
Owner & transaction history
Board Of Cnty Road Commissioners Of · 2 yrs held
Board Of Cnty Road Commissioners Of
since 2023
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
OS · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.7M
+111.5%
Commercial (general)
$2.1M
+65.2%
Restaurant
$2.1M
+62.3%
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
$1,850,000
ML approach
$1,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,300,000
Current use
RETAIL STORES
$2,745,000
Change: +112% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,145,000
Change: +65% · Conversion: Easy
RESTAURANT
$2,110,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,495,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.74M – $2.12M · ±10% · vs last sale $1.95M (Dec 26 2023)
Last sale anchor
$1.95M
Dec 26 2023
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
$158 / 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
$25,525
Tax year 2022
Assessed value
$639,350
Assessed 2022
Previous assessed
$639,350
+0.0% YoY
Effective rate
3.99%
On assessed value
Assessed land
$166,030
Assessed improvement
$473,320
Land market value
$332,060
Improvement market value
$946,640
Total market value
$1,278,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1967
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
12,180 SF
Lot
1.54 ac (67,082 SF)
Zoning code
OS
APN
76-24-11-226-016
UPID
US43-1411518
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
OS · Southfield, MI
Zoning OS · permitted uses
OS · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
RETAIL STORES
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RESTAURANT
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Board Of Cnty Road Commissioners Of
Individual
Mailing address
31001 LAHSER RD, BEVERLY HILLS, MI 48025-3639
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2023
—
Board Of Cnty Road Commissioners Of
Clean Express Southfield Mi LLC
Quit Claim Deed
related
—
Nov 8, 2023
$1,950,000
Clean Express Southfield Mi LLC
Go One LLC
Warranty Deed
$200,000,000 · Midcap Financial Trust
Oct 27, 2022
$1,150,000
Go One LLC
Blue Horseshoe 30233 LLC
Warranty Deed
$800,000 · The Farmers & Merchants State Bank
Jul 2, 2018
—
Blue Horseshoe 30233 LLC
—
Deed
related
$800,000 · Security Mutual Life Insurance Company O
Dec 1, 2016
$460,000
Blue Horseshoe 30233 LLC
Cranbrook Centre Office LLC
Warranty Deed
—
Dec 3, 2013
—
Blue Horseshoe 30233 LLC
Cranbrook Centre Office LLC
Grant Deed
—
Jan 8, 2009
—
Cranbrook Centre Office LLC
Cranbrook Centre
Quit Claim Deed
related
$2,200,000 · Tq10 Corp
Jan 26, 1999
—
Cranbrook Centre LP
—
Deed Of Trust
related
$7,425,000 · Column Financial INC
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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