Property profile

20927 Kelly Rd Eastpointe, MI 48021

FOR SALE
Medical Office Space
Saved · see the list in your Dashboard
Property ID
US43-0051014
4,197 SF 0.14 ac Built 1964
Last sale Dec 2021·$150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A 1964 medical office building located at 20927 Kelly Road in Eastpointe, Michigan. The property includes a fully finished basement that is served by an elevator; the basement level is not included in the stated square footage. The building is associated with an adjoining parking lot. Zoning allows office, retail, and personal service uses, supporting flexibility for future occupancy, and the interior is configured to allow reconfiguration and updates for appropriate commercial uses, with extensive improvements required.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$142k
Effective rate7.11%

Value estimate

· Nov 2026
$180k
$162k – $198k
NOI build-up
Gross scheduled income$25k
Vacancy & credit loss−$6k
Operating expenses−$5k
NOI · 7.26% cap applied$14k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$123/SF
County average, outlier-cleaned · 122 recorded sales of this use type
Observed band · Q1–Q3$76 – $184
Qualifying comparables6

Cap rate analysis

How does the asset earn?
7.26%
$14k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-1
JurisdictionMACOMB

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency30.8
Law Firm29.1
Dental Office17.0

Location

20927 Kelly Rd Eastpointe, MI 48021
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21331 Kelly, Eastpointe, MI 48021-3265 $800,000 Jan 2024 5,034 SF
22770 Kelly, Eastpointe, MI 48021-2009 $162,500 Sep 2021 3,810 SF
22835 Kelly, Eastpointe, MI 48021-2073 $200,000 Jan 2021 4,125 SF
18161 8th Mile, Eastpointe, MI 48021-3219 $330,000 Feb 2020 3,825 SF
21421 Kelly, Eastpointe, MI 48021-3215 $120,000 Oct 2019 3,726 SF
15300 10th Mile, Eastpointe, MI 48021-1012 $115,000 Feb 2019 3,572 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved