Realmo Analytics

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Financial
Distress signals
Property profile

18750 Woodward Ave Detroit, MI 48203

FOR SALE
Medical Office Space
Property ID
US43-1434268
3,196 SF 0.09 ac lot Built 1941
Last sale Mar 2022 · $225,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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.

Debts

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 · 2020

What does the county charge?
$5k
Tax billed · 2020
Assessed value · 2024$102k
Effective rate5.25%

Value estimate

· Oct 2026
$210k
$189k – $231k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$4k
Operating expenses−$11k
NOI · 8.45% cap applied$19k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$63/SF
Submarket average, outlier-cleaned · 78 recorded sales of this use type
Observed band · Q1–Q3$41 – $95
Qualifying comparables7

Cap rate analysis

How does the asset earn?
8.45%
$19k 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?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
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 agency19.6
Law Firm18.6
Hair Salon13.4

Location

18750 Woodward Ave Detroit, MI 48203
County assessor Recorded deeds · 3 transfers 7 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
511 8th Mile, Highland Park, MI 48203-1004 $350,000 Mar 2025 1,500 SF
18800 Woodward, Detroit, MI 48203-1901 $150,000 Oct 2022 1,546 SF
1753 7th Mile, Detroit, MI 48203-2159 $40,000 Nov 2019 1,911 SF
215 Highland, Highland Park, MI 48203-3404 $810,000 Jul 2019 3,998 SF
95 Victor, Highland Park, MI 48203-3129 $407,000 Jun 2019 11,100 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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