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Property profile & analytics
OFF-MARKET
Individual retail properties
18223 John R St Highland Park, MI 48203-2009
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1241396
Property profile
Verified
Property type
Individual retail properties
Use group
DRY CLEANER
Year built
1950
Total area
1,780 SF
Lot
0.05 ac (2,178 SF)
Zoning code
B4
APN
01008954.
UPID
US43-1241396
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
An Properties LLC · 1 yrs held
An Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
B4 · Highland Park, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Highland Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Highland Park 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,246
Tax year 2020
Assessed value
$23,500
Assessed 2024
Previous assessed
$20,500
+14.6% YoY
Effective rate
9.56%
On assessed value
Total market value
$47,000
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
Individual retail properties
Use group
DRY CLEANER
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,780 SF
Lot
0.05 ac (2,178 SF)
Zoning code
B4
APN
01008954.
UPID
US43-1241396
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B4 · Highland Park, MI
Zoning B4 · permitted uses
B4 · Highland Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Highland Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.05 ac
Current owner
From public records · entity-resolved
An Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2140 E SHR DR, ROCHESTER HILLS, MI 48307-4332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2025
—
An Properties LLC
Bl Nafea Samona
Quitclaim Deed
related
—
Dec 19, 2019
$3,000
Bl N Samona
K R Ent Properties INC
Quit Claim Deed
related
—
Dec 21, 2016
$9,200
K R Ent Properties INC
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 8, 2016
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Mar 28, 2014
$10,000
Tiger Jurisdiction Props LLC
Global Premier Asset Servicing
Quit Claim Deed
related
—
Nov 7, 2013
$4,500
Global Premier Asset Servicing
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Sep 19, 2013
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
Nov 29, 2010
$500
Talat Mandwee
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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