Financial
Distress signals
Property profile

19200 Kelly Rd Detroit, MI 48225

FOR SALE
Retail space
Property ID
US43-1795267
10,192 SF 0.23 ac lot Built 1956
Last sale Nov 2014 · $50,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 10,192-square-foot flex building on approximately 0.23 acres, built in 1956. The interior includes a showroom or common area with display cases and retains a significant amount of bakery equipment on site. The existing layout supports food-related uses and may be adapted for other commercial, service, production, storage, retail, or owner-user applications. It is located at the corner of Kelly Road and Kingsville Street in Detroit and has approximately 124 feet of frontage, providing a corner-site commercial footprint.

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.

Mortgages

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?
$9k
Tax billed · 2020
Assessed value · 2024$211k
Effective rate4.47%

Value estimate

· Sep 2026
$285k
$257k – $314k
Submarket $/SF estimate$734k
NOI build-up
Gross scheduled income$75k
Vacancy & credit loss−$4k
Operating expenses−$21k
NOI · 33.05% cap applied$50k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113
Qualifying comparables4

Cap rate analysis

How does the asset earn?
33.05%
$50k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.5
Realty agency20.4
HVAC Service13.4

Location

19200 Kelly Rd Detroit, MI 48225
County assessor Recorded deeds · 1 transfer 4 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
19232 Kelly, Harper Woods, MI 48225-1902 $63,000 Apr 2024 1,560 SF
20570 Kelly, Harper Woods, MI 48225-1208 $750,000 Jun 2022 27,871 SF
19830 Kelly, Harper Woods, MI 48225-1914 $155,000 May 2022 2,800 SF
19386 Kelly, Harper Woods, MI 48225-1908 $110,000 Jan 2022 3,200 SF
19382 Kelly, Harper Woods, MI 48225-1908 $100,000 Oct 2021 1,580 SF
20924 Harper, Harper Woods, MI 48225-1141 $56,350 Jan 2021 1,610 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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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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