Financial
Distress signals
Property profile

20927 Kelly Rd Eastpointe, MI 48021

FOR SALE
Medical Office Space
Property ID
US43-0051014
4,197 SF 0.14 ac lot 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.
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Property summary

AI-generated overview

The property is a former medical building with an adjacent parking lot. The building includes a fully finished basement served by an elevator; the basement square footage is not included in the stated total square footage. Zoning allows office, retail, and personal service uses. Extensive interior improvements are required, as the building needs substantial renovation. The property is located in an area with a Walk Score of 74 and a Bike Score of 48.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

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

Value estimate

· Sep 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 10 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 comparables10

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 10 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 · 17 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
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