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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
19900 Harper Ave Harper Woods, MI 48225-1759
Entity Owned
17-yr Hold
Free & Clear
Property ID
US43-1049601
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
6,760 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-2
APN
42 006 02 2231 000
UPID
US43-1049601
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
$594k
Blend (final)
Blend
$595k
Owner & transaction history
Willow Lane Investments II INC · 17 yrs held
Willow Lane Investments II INC
since 2009
3 recorded transactions
Zoning & alternative use
C-2 · Harper Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$615,000
+48.1%
Restaurant
$615,000
+48.0%
Neighborhood: shopping center
$510,000
+22.9%
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
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
OFFICE BUILDING
$415,000
Current use
COMMERCIAL (GENERAL)
$615,000
Change: +48% · Conversion: Easy
RESTAURANT
$615,000
Change: +48% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: +23% · Conversion: Difficult
RETAIL STORES
$465,000
Change: +12% · Conversion: Moderate
MEDICAL BUILDING
$425,000
Change: +2% · Conversion: Easy
AUTO REPAIR, GARAGE
$410,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$88 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,833
Tax year 2023
Assessed value
$228,600
Assessed 2024
Previous assessed
$222,200
+2.9% YoY
Effective rate
10.86%
On assessed value
Total market value
$457,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
6,760 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C-2
APN
42 006 02 2231 000
UPID
US43-1049601
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Harper Woods, MI
Zoning C-2 · permitted uses
C-2 · Harper Woods, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Harper Woods. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$615,000
RESTAURANT
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
RETAIL STORES
Est. value
$465,000
MEDICAL BUILDING
Est. value
$425,000
AUTO REPAIR, GARAGE
Est. value
$410,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Willow Lane Investments II INC
Entity
Free & Clear · 17 yrs held
Mailing address
19900 HARPER AVE, HARPER WOODS, MI 48225-1759
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Mar 9, 2009
—
Willow Lane Investments II INC
Mack Avenue Records INC
Quit Claim Deed
related
—
Jun 9, 2005
—
Gretchen Valade
Jeffries Benjamin Trust
Warranty Deed
related
—
Mar 28, 2005
—
Gretchen Valade
Jeffries Benjamin Trust
Warranty Deed
—
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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