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Property profile & analytics
FOR SALE
Medical Office Space
19141 Greenfield Rd, Detroit, MI 48235
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1105913
For Sale
1 / 6
$1,300,000
19141 Greenfield Rd, Detroit, MI 48235
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1978
Total area
16,016 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B2
APN
22050549-74
UPID
US43-1105913
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
-
Dr. Raymond C. Edison, MD Physician
-
Knight Drugs - Greenfield Pharmacy
-
Muhsin M Alrawi, MD Physician
-
Greenfield Family Practice Center Medical Clinic
-
Mohammad Alsawah Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$880k
Blend (final)
Blend
$1.01M
Owner & transaction history
Metro Detroit Property LLC · 5 yrs held
Metro Detroit Property LLC
since 2020
3 recorded transactions
Zoning & alternative use
B2 · Detroit, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+44.9%
Restaurant
$1.5M
+44.8%
Neighborhood: shopping center
$1.2M
+20.2%
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
MEDICAL BUILDING
$1,010,000
Current use
COMMERCIAL (GENERAL)
$1,460,000
Change: +45% · Conversion: Easy
RESTAURANT
$1,460,000
Change: +45% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$985,000
Change: -2% · Conversion: Easy
AUTO REPAIR, GARAGE
$970,000
Change: -4% · Conversion: Difficult
RETAIL STORES
$955,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.01M
Range $905k – $1.11M · ±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
$63 / 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
$3,667
Tax year 2020
Assessed value
$534,700
Assessed 2024
Previous assessed
$450,600
+18.7% YoY
Effective rate
0.69%
On assessed value
Total market value
$1,069,400
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Sale
Year built
1978
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
16,016 SF
Lot
0.75 ac (32,670 SF)
Zoning code
B2
APN
22050549-74
UPID
US43-1105913
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B2 · Detroit, MI
Zoning B2 · permitted uses
B2 · 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
MEDICAL BUILDING Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RESTAURANT
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
OFFICE BUILDING
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$970,000
RETAIL STORES
Est. value
$955,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
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
1978
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Metro Detroit Property LLC
Entity
Free & Clear · 5 yrs held
Mailing address
19141 GREENFIELD RD, DETROIT, MI 48235-6007
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2020
—
Metro Detroit Property LLC
Greenfield Medical Bldg LLC
Warranty Deed
—
—
—
Greenfield Medical Bldg LLC
—
Loan Modification
related
—
—
—
Greenfield Medical Bldg LLC
—
Deed Of Trust
related
$125,000 · First Place Bank
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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