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    Property profile & analytics

    787 Southfield Rd Lincoln Park, MI 48146-2608

    • Investment properties
    • 5,280 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $240,000
    Last Sale
    Aug 07, 2024
    $250,000
    Location Intelligence
    Property ID
    US43-4946756
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 787 Southfield Rd

    Year built
    1949
    Lot size
    0.23 lot acres
    Property size
    5,280 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    45 008 05 0107 001
    APU
    45008050107001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $250,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $215,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $220,000
      Geo Method
      $195,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $180,000
      Mixed-Use
      $200,000
      Hospitality
      $245,000
      Educational
      $255,000
      Residential Income
      $235,000
      Energy
      $245,000
      Income-Based Land
      $225,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1671
    Latitude
    42.247
    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
    2019
    $3,530
    $0.00
    $0.00
    $127,000
    -
    $0.00
    $0.00
    $254,000

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      1061 Southfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,840 SF
      1061 Southfield Rd, Lincoln Park, MI 48146-2643
      View Details
    • Value Estimation by Request
      6,838 SF

      1406 Southfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 6,838 SF
      1406 Southfield Rd, Lincoln Park, MI 48146-2299
      View Details
    • Value Estimation
      $120,000
      2,000 SF

      1678 Ft St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,000 SF
      1678 Ft St, Lincoln Park, MI 48146-1916
      View Details
    • Value Estimation
      $135,000
      2,240 SF

      722 Southfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,240 SF
      722 Southfield Rd, Lincoln Park, MI 48146-2639
      View Details
    • Value Estimation by Request
      5,856 SF

      1830 Southfield Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5,856 SF
      1830 Southfield Rd, Lincoln Park, MI 48146-2200
      View Details
    • Value Estimation by Request
      3,000 SF

      1164 Ft St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,000 SF
      1164 Ft St, Lincoln Park, MI 48146-1919
      View Details

    Similar Nearby for Sale

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      Lincoln Park Executive Office Space

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      Lincoln Park Colonial on Double Lot

      Colonial home or multi-family property on a double lot.
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    Similar Nearby for Lease

    • $1,200 /Mo
      1,000 SF

      Commercial Space on Southfield Road

      1,000 sq ft commercial space in Lincoln Park, Michigan.
      1116 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $5 SF/Yr
      195,609 SF

      Lincoln Park Plaza: Office & Retail

      Prime Lincoln Park commercial space. Multiple suites available.
      3574-3760 Fort St, Lincoln Park, MI 48146
      View Details
    • $9 SF/Yr
      3,750 SF

      Fort Street Warehouse - Prime Location

      Spacious Warehouse, High Visibility, Ample Parking
      2070 Fort St, Lincoln Park, MI 48146
      View Details
    • $8,900 /Mo

      Equipped Automotive Facility For Lease

      8000 sq ft automotive facility with equipment and car lot.
      533 Southfield Rd, Lincoln Park, MI 48146
      View Details
    • $25 SF/Yr
      1,800 SF

      Dix Hwy Retail Space - Lincoln Park

      1800 SF Retail Space For Lease
      1327 Dix Hwy, Lincoln Park, MI 48146
      View Details
    • Contact for pricing
      3,200 SF

      Lincoln Park Retail Space For Lease

      Prime retail space, high foot traffic.
      3170 Fort St, Lincoln Park, MI 48146
      View Details

    Property Visit Statistics

    • Visits by month
      833
    • Visitors by month
      669
    • Avg Time on site
      16 min
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    Lincoln Park, MI 48146-2608
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    Realmo Value Estimation

    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.

    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.

    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
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