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Property profile & analytics
OFF-MARKET
Assisted living facilities
19460 Park Dr Harper Woods, MI 48225-2375
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US43-1674146
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Total area
101,095 SF
Lot
3.74 ac (162,914 SF)
Zoning code
R-2
APN
42 003 99 0007 004
UPID
US43-1674146
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
Park Place Towers Of Harper Woods L · 13 yrs held
Park Place Towers Of Harper Woods L
since 2012
1 recorded transaction
Zoning & alternative use
R-2 · Harper Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zone promotes a harmonious mixture of single-family houses and related educational, cultural, and religious land uses in a basically residential environment. Smaller medium density housing may be permitted where compatible and appropriate via special land use approval, while still maintaining a primarily single-family character.
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
882.89 ac
Source
Realmo
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 Harper Woods submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harper Woods 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 2023Property tax & assessments
Tax year 2023
Tax billed
$112,144
Tax year 2023
Assessed value
$1,987,500
Assessed 2024
Previous assessed
$1,895,100
+4.9% YoY
Effective rate
5.64%
On assessed value
Total market value
$3,975,000
Applied tax rate
82,320.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Buildings
2
Stories
8
Total area
101,095 SF
Lot
3.74 ac (162,914 SF)
Zoning code
R-2
APN
42 003 99 0007 004
UPID
US43-1674146
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Harper Woods, MIZoning R-2 · permitted uses
R-2 · Harper Woods, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zone promotes a harmonious mixture of single-family houses and related educational, cultural, and religious land uses in a basically residential environment. Smaller medium density housing may be permitted where compatible and appropriate via special land use approval, while still maintaining a primarily single-family character.
Zone name
Moderate Density Residential
General category
RESIDENTIAL
Zone area
882.89 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Stories
8
Buildings
2
Lot
3.74 ac
Current owner
From public records · entity-resolved
Park Place Towers Of Harper Woods L
Individual
Mailing address
COLUMBUS, OH 43220
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2012
—
Park Place Towers Of Harper Woods L
National Church Residences Of Harpe
Warranty Deed
$5,843,000 · Love Funding Corporation
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.
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