Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10050 Joy Rd Detroit, MI 48204-3002

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10050 Joy Rd Detroit, MI 48204-3002

    View on Map
    • Specialty properties
    • 6,528 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 24, 2020
    $125,000
    Property ID
    US43-4682730
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tyus Fields Funeral Home / Social Service Agency

    Property Details for 10050 Joy Rd

    Year built
    1950
    Lot size
    0.17 lot acres
    Property size
    6,528 SF
    Zone code
    B2
    Property type
    Specialty properties
    APN
    18005232-4
    APU
    180052324

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.159
    Latitude
    42.3592
    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
    2020
    $6,669
    $0.00
    $0.00
    $139,100
    -
    $0.00
    $0.00
    $278,200

    Comparable in this City

    • Value Estimation by Request
      6,550 SF

      10435 Joy Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,550 SF
      10435 Joy Rd, Detroit, MI 48204-3015
      View Details
    • Value Estimation by Request
      6,419 SF

      8436 Chicago

      FUNERAL HOME • 6,419 SF
      8436 Chicago, Detroit, MI 48204-2755
      View Details
    • Value Estimation
      $550,000
      27,116 SF

      8031 Tireman St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 27,116 SF
      8031 Tireman St, Detroit, MI 48204-3469
      View Details
    • Value Estimation by Request
      1,386 SF

      8812 Joy Rd

      DAY CARE, PRE-SCHOOL • 1,386 SF
      8812 Joy Rd, Detroit, MI 48204-3224
      View Details
    • Value Estimation
      $625,000
      16,144 SF

      8091 Ohio St

      COLLEGE, UNIVERSITY, VOC SCHOOL • 16,144 SF
      8091 Ohio St, Detroit, MI 48204-3235
      View Details
    • Value Estimation by Request
      4,745 SF

      8800 Joy Rd

      DAY CARE, PRE-SCHOOL • 4,745 SF
      8800 Joy Rd, Detroit, MI 48204-3224
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,525 SF

      Detroit Commercial Property For Sale

      Commercial property available for sale in Detroit, Michigan.
      10541 Turner St, Detroit, MI 48204
      View Details
    • $159,900
      3,955 SF

      Detroit Commercial Property for Sale

      Commercial property in a developing Detroit area, suitable for investment.
      11610 Livernois Ave E, Detroit, MI 48204
      View Details
    • $59,900

      Grand River Avenue Property

      Property available on Grand River Avenue in Detroit, Michigan.
      22041 Grand River Ave, Detroit, MI 48204
      View Details
    • $800,000
      9,050 SF

      Detroit Retail Center on Joy

      Eight-unit retail center with high visibility and value-add potential.
      10501 Joy Rd, Detroit, MI 48204
      View Details
    • $1,400,000
      5,856 SF

      Limestone Buildings in Detroit

      Two well-maintained buildings used as a community center and sanctuary.
      12038 Grand River Ave W, Detroit, MI 48204
      View Details

    Similar Nearby for Lease

    • $5,900 /Mo
      13,735 SF

      Detroit Industrial/Commercial Opportunity For Rent

      Industrial/commercial space with flexible uses on a 0.7-acre fenced lot.
      9900 Northlawn St, Detroit, MI 48204
      View Details
    • Contact for pricing
      3,200 SF

      Redford Retail Space Available

      Retail spaces for lease, one currently leased to a daycare.
      26554 Grand River Ave, Redford, MI 48204
      View Details
    • $3,995 /Mo

      Turnkey Banquet Hall Event Venue

      Spacious banquet hall with dance floor and ample parking.
      10435 Joy Rd, Detroit, MI 48204
      View Details
    • $3,000 /Mo

      Prime Commercial Property on Joy Rd

      High-visibility commercial property with flexible B4 zoning in Detroit.
      7647 Joy Rd, Detroit, MI 48204
      View Details
    • Contact for pricing

      Albert Kahn Designed Showroom

      Historic Detroit showroom with rooftop and event space potential.
      8461 Grand River Ave, Detroit, MI 48204
      View Details
    • Contact for pricing

      Versatile Commercial Property on Joy

      Adaptable 4,389 SF commercial space suitable for various uses.
      18900 Joy Rd, Detroit, MI 48204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10050 Joy Rd
    Detroit, MI 48204-3002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!