Property profile

20820 Greenfield Rd Oak Park, MI 48237

FOR LEASE
Office buildings
Saved · see the list in your Dashboard
Property ID
US43-0476247
36,837 SF 1.81 ac Built 1965
Last sale Jun 2024·$700,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

A three-story office building configured with a mix of interior spaces, including private offices, classrooms, a cafeteria, kitchen facilities, and large conference and board rooms, creating distinct areas for administrative, educational, and meeting uses within the same building. The property provides parking for 200 vehicles and is located across the street from the Northland City Center redevelopment, which includes retail, residential, and office components. The existing room layout and…

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 · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$427k
Assessed land$89k
Assessed improvement$338k
Effective rate7.11%

Value estimate

· Nov 2026
$700k
$630k – $770k
AI approach$700k
Submarket $/SF estimate$912k
NOI build-up
Gross scheduled income$221k
Vacancy & credit loss−$52k
Operating expenses−$42k
NOI$127k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$52/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$19 – $66
Qualifying comparables4

Cap rate analysis

How does the asset earn?
$127k 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-2
business districts. B-2 uses are generally characterized by an integrated or planned cluster of establishments served by a common parking...
General categoryCOMMERCIAL
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant41.6
Building Supply40.9
Realty agency35.6

Location

20820 Greenfield Rd Oak Park, MI 48237
County assessor Recorded deeds · 6 transfers 4 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
21301 Meyers, Oak Park, MI 48237-3230 $160,500 Aug 2024 10,212 SF
13000 Northend, Oak Park, MI 48237-3411 $200,000 Jan 2023 10,985 SF
21590 Greenfield, Oak Park, MI 48237-3017 $232,000 Oct 2021 12,456 SF
23300 Greenfield, Oak Park, MI 48237-5237 $800,000 Feb 2021 30,778 SF
13070 Northend, Oak Park, MI 48237-3405 $400,000 Jan 2021 15,662 SF
21790 Coolidge, Oak Park, MI 48237-3156 $750,000 Sep 2019 14,350 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