Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    14320 Harper Ave Detroit, MI 48213

    • Retail space
    • 8,281 SF
    • 0.19 lot acres
    For Sale
    View listing
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0876763
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 14320 Harper Ave

    Year built
    1953
    Lot size
    0.19 lot acres
    Property size
    8,281 SF
    Zone code
    B4
    Property type
    Retail space
    APN
    21003980.
    APU
    21003980

    Description

    This vacant 8,281 square foot storefront, located at 14320 Harper Avenue in Detroit, Michigan, presents a unique investment opportunity. Built in 1953, this single-story, fee-simple property sits on a 0.191-acre lot and is zoned B4 Commercial. The asking price is $349,000, translating to $42.14 per square foot. The building features a large unfinished room, offering significant potential for customization and expansion. The roof was replaced in 2015. This property benefits from its strategic location just west of Chalmers Avenue and its proximity to I-94, a major thoroughfare boasting a daily traffic volume of 120,380 vehicles. Note that any existing advertising signage is not included in the sale. The property is currently vacant, providing immediate occupancy for a new tenant or owner-operator. This is a rare opportunity to acquire a substantial retail space in a high-traffic area of Detroit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $608,000
      Market price range: $246k - $939k
      AI Estimate
      $665,000
      Market price range: $255k - $998k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $570,000
      Current use
      COMMERCIAL (GENERAL)
      $755,000
      Change: +32% Conversion: Easy
      RESTAURANT
      $755,000
      Change: +32% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $625,000
      Change: +10% Conversion: Moderate
      MEDICAL BUILDING
      $520,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $510,000
      Change: -11% Conversion: Easy
      AUTO REPAIR, GARAGE
      $500,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9653
    Latitude
    42.4042
    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
    $2,954
    $0.00
    $0.00
    $174,900
    -
    $0.00
    $0.00
    $349,800

    Comparable in this City

    • Value Estimation by Request
      2,212 SF

      9246 Erwin St

      RETAIL STORES (PERSONAL SERVICES) • 2,212 SF
      9246 Erwin St, Detroit, MI 48213-2274
      View Details
    • Value Estimation by Request
      1,500 SF

      8711 Marcus St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      8711 Marcus St, Detroit, MI 48213-2278
      View Details
    • Value Estimation by Request
      11,220 SF

      8725 Harper Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,220 SF
      8725 Harper Ave, Detroit, MI 48213-2635
      View Details
    • Value Estimation by Request
      3,724 SF

      12579 Harper Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,724 SF
      12579 Harper Ave, Detroit, MI 48213-1821
      View Details
    • Value Estimation by Request
      3,364 SF

      11200 Hayes St

      RETAIL STORES (PERSONAL SERVICES) • 3,364 SF
      11200 Hayes St, Detroit, MI 48213-1546
      View Details
    • Value Estimation
      $695,000
      9,634 SF

      8900 Gratiot Ave, Unit 2

      RETAIL STORES (PERSONAL SERVICES) • 9,634 SF
      8900 Gratiot Ave, Detroit, MI 48213-2549
      View Details

    Similar Nearby for Sale

    • $199,900
      3,286 SF

      Detroit Retail Property For Sale

      Retail property in Detroit, MI with high visibility and equipment.
      5788 Van Dyke St, Detroit, MI 48213
      View Details
    • $200,000

      Profitable Packaging and Retail Business

      Established Detroit packaging business for sale with growth potential.
      9623 Gratiot Ave, Detroit, MI 48213
      View Details
    • New
      $134,900
      2,184 SF

      Detroit Retail Space For Sale

      Retail space prepped for barbershop, salon, meeting facility.
      9460 Conner St, Detroit, MI 48213
      View Details
    • $610,000
      8,850 SF

      Retail Strip Center For Sale

      Cash-flowing retail strip center with equipped restaurant space.
      11122 Hayes St, Detroit, MI 48213
      View Details
    • $60,000
      3,304 SF

      Detroit East Side Commercial Opportunity

      Commercial building with high visibility, suitable for retail or redevelopment.
      12591 Harper Ave, Detroit, MI 48213
      View Details
    • $255,900

      Commercial Property with Large Parking

      Commercial property suitable for warehousing or retail with parking.
      8330 Harper Ave, Detroit, MI 48213
      View Details

    Similar Nearby for Lease

    • $1,000 /Mo

      Retail Space For Lease

      Retail space available for immediate occupancy in high-traffic location.
      9472 Conner St, Detroit, MI 48213
      View Details
    • $1,000 /Mo

      Retail, Showroom, or Office Space

      Three suites available for lease in high-traffic Detroit location.
      9458 Conner St, Detroit, MI 48213
      View Details
    • $8,950 /Mo
      16,492 SF

      Former Dollar General Retail Space

      Large retail space with asphalt lot in Detroit, MI.
      10220 Gratiot Ave, Detroit, MI 48213
      View Details
    • $3,000 /Mo
      2,000 SF

      Detroit Drive-Thru Ready Retail

      2,000 SF Detroit building with drive-thru on 0.54 acres.
      11288 Gratiot Ave, Detroit, MI 48213
      View Details
    • Contact for pricing
      15,860 SF

      Detroit Supermarket - 15,860 SF

      High-traffic Detroit retail space available.
      12021 Harper Ave, Detroit, MI 48213
      View Details
    • Contact for pricing
      12,084 SF

      Gratiot Ave Retail Space For Lease

      Detroit Retail Space - High Visibility
      10648-10770 Gratiot Ave, Detroit, MI 48213
      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.
    14320 Harper Ave
    Detroit, MI 48213
    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.