Property profile

20535 Joy Rd Detroit, MI 48228

OFF-MARKET
Retail space
Property ID
US43-1207227
2,800 SF 0.2 ac lot Built 1956
Entity Owned ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 2,800 SF
Lot 0.2 ac (8,712 SF)
Zoning code B4
APN 22002549-52
UPID US43-1207227

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

20535 Joy Rd Detroit, MI 48228-1640
Detroit metro Census 546100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$745k

Owner & transaction history

since 2025
Last sale
$560,000
6 recorded transactions
2025
$800,000
2023
Price N/A
2023
$560,000
2023
Price N/A
2023
$300,000
2010
Price N/A

Zoning & alternative use

B4 · Detroit, MI
Zoning description

), eff. 5-28-2005) Sec. 50-7-3. - Business Districts. Business districts within the City are as follows: (1) B1 Restricted Business District. (2) B2 Local Business and Residential District. (3) B3 Shopping District. (4)…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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