Financial
Distress signals
Property profile

20032 Kelly Rd Harper Woods, MI 48225

FOR LEASE
Grocery and convenience stores
Property ID
US43-1023847
1,290 SF 0.18 ac lot Built 1949
Last sale Jul 2020 · $140,000
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. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a corner commercial building on Kelly Road, located near Chandler Park Academy and positioned to capture consistent roadway traffic. It includes a long service counter with protective glass, an extended wall of refrigerated coolers, a three-compartment sink, a bathroom, a water heater, and an electrical panel. The corner lot configuration supports potential signage placement and provides convenient accessibility for patrons or employees. The building layout and site features…

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 · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value · 2024$36k
Effective rate10.91%

Value estimate

· Sep 2026
$140k
$126k – $154k
AI approach$140k
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$1k
Operating expenses−$5k
NOI · 814.87% cap applied$12k

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

Recently sold

What actually traded nearby?
$76/SF
Submarket average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$35 – $91
Qualifying comparables4

Cap rate analysis

How does the asset earn?
814.87%
$12k 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?
C-1
JurisdictionWAYNE

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 agency41.5
Law Firm36.7
Restaurant27.7

Location

20032 Kelly Rd Harper Woods, MI 48225
County assessor Recorded deeds · 3 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
19232 Kelly, Harper Woods, MI 48225-1902 $63,000 Apr 2024 1,560 SF
19830 Kelly, Harper Woods, MI 48225-1914 $155,000 May 2022 2,800 SF
19386 Kelly, Harper Woods, MI 48225-1908 $110,000 Jan 2022 3,200 SF
19382 Kelly, Harper Woods, MI 48225-1908 $100,000 Oct 2021 1,580 SF
20924 Harper, Harper Woods, MI 48225-1141 $56,350 Jan 2021 1,610 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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