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Property profile & analytics
FOR SALE
Retail space
14305 Harper Ave, Detroit, MI 48213
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0364826
For Sale
1 / 9
$1,220,000
14305 Harper Ave, Detroit, MI 48213
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents a single-tenant, net-leased Family Dollar store situated at 14305 Harper Ave, Detroit, MI 48213. The 8,000 square foot building, constructed in 2004 and renovated in 2015, sits on a 0.35-acre lot at a hard corner location with multiple access points. The property boasts a strong 9.02% cap rate, generating a net operating income (NOI) of $110,000. The lease, a NN+ structure with a credit-rated tenant, commenced January 15, 2004, and expires June 30, 2027, offering a remaining lease term of approximately 2.6 years, plus two 5-year renewal options with 10% rent bumps every 5 years. The property benefits from 100% occupancy and is situated in a densely populated area, just 15 minutes from downtown Detroit. This stabilized investment offers a compelling combination of strong tenant credit, a favorable lease structure, and a high-performing asset well below replacement cost. The asking price is $1,220,000. Wayne County APN: 21004370-0.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Total area
8,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B4
APN
21004370-0
UPID
US43-0364826
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$717k
Blend (final)
Blend
$750k
Owner & transaction history
Amvf Holdings LLC · 9 yrs held
Amvf Holdings LLC
since 2017
5 recorded transactions
Zoning & alternative use
B4 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+32.1%
Restaurant
$730,000
+32.1%
Neighborhood: shopping center
$605,000
+9.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Detroit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Detroit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$555,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +32% · Conversion: Easy
RESTAURANT
$730,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +10% · Conversion: Moderate
MEDICAL BUILDING
$505,000
Change: -9% · Conversion: Difficult
OFFICE BUILDING
$495,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$485,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$9,280
Tax year 2020
Assessed value
$206,300
Assessed 2024
Previous assessed
$181,500
+13.7% YoY
Effective rate
4.50%
On assessed value
Total market value
$412,600
Applied tax rate
82,010.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1937
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
8,000 SF
Lot
0.32 ac (13,939 SF)
Zoning code
B4
APN
21004370-0
UPID
US43-0364826
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Detroit, MI
Zoning B4 · permitted uses
B4 · Detroit, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Detroit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$555,000
COMMERCIAL (GENERAL)
Est. value
$730,000
RESTAURANT
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
MEDICAL BUILDING
Est. value
$505,000
OFFICE BUILDING
Est. value
$495,000
AUTO REPAIR, GARAGE
Est. value
$485,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1937
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Amvf Holdings LLC
Entity
Mailing address
1401 QUAIL ST STE #105, NEWPORT BEACH, CA 92660-2744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
Amvf Holdings LLC
—
Deed
related
$3,285,470 · Symetra Life Insurance Co
Jun 19, 2017
$1,097,000
Amvf Holdings LLC
Harper-chalmers LLC
Warranty Deed
$767,900 · Diversified Members Cu
Mar 26, 2004
—
Harper Chalmers LLC
Smith,tommie
Warranty Deed
related
—
Feb 9, 2004
—
Tommie Smith
Smith,tommie
Quit Claim Deed
related
—
—
—
Harper-chalmers LLC
—
Deed Of Trust
related
$500,000 · Community Choice Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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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