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    Property profile & analytics

    20550 Vernier Rd Harper Woods, MI 48225-1413

    • Office buildings
    • 5,387 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1445055
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 20550 Vernier Rd

    Year built
    1968
    Lot size
    0.45 lot acres
    Property size
    5,387 SF
    Zone code
    R-2
    Property type
    Office buildings
    APN
    42 010 07 0160 001
    APU
    42010070160001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harper Woods
    County
    Wayne
    State
    Michigan
    Longitude
    -82.9199
    Latitude
    42.4462
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,227
    $0.00
    $0.00
    $129,400
    -
    $0.00
    $0.00
    $258,800

    Comparable in this City

    • Value Estimation by Request
      1,782 SF

      20048 Harper Ave

      OFFICE BUILDING • 1,782 SF
      20048 Harper Ave, Harper Woods, MI 48225-1711
      View Details
    • Value Estimation by Request
      7,000 SF

      20530 Harper Ave

      OFFICE BUILDING • 7,000 SF
      20530 Harper Ave, Harper Woods, MI 48225-1646
      View Details
    • Value Estimation by Request
      8,400 SF

      19254 Kelly Rd

      OFFICE BUILDING • 8,400 SF
      19254 Kelly Rd, Harper Woods, MI 48225-1904
      View Details
    • Value Estimation
      $135,000
      2,221 SF

      19934 Harper Ave

      OFFICE BUILDING • 2,221 SF
      19934 Harper Ave, Harper Woods, MI 48225-1759
      View Details
    • Value Estimation by Request
      3,350 SF

      19898 Kelly Rd

      OFFICE BUILDING • 3,350 SF
      19898 Kelly Rd, Harper Woods, MI 48225-1918
      View Details
    • Value Estimation by Request
      2,518 SF

      20355 Kelly Rd

      OFFICE BUILDING • 2,518 SF
      20355 Kelly Rd, Detroit, MI 48225-1206
      View Details

    Similar Nearby for Sale

    • $799,999
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      Harper Woods Executive Office Building

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      View Details
    • $234,900

      Spacious Office in Harper Woods

      Vibrant district, 16 offices, conference rooms, parking, new HVAC.
      20020 Kelly Rd, Detroit, MI 48225
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    • $899,999

      High-Visibility Corner Mixed-Use Property

      Versatile mixed-use building in Harper Woods with high visibility.
      19898 Kelly Rd, Detroit, MI 48225
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    • $649,000
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      Prime Harper Woods Medical Office

      3,230 SF Medical Office Building, NNN Lease
      19601 Vernier Rd, Harper Woods, MI 48225
      View Details
    • $701,250
      8,179 SF

      Harper Woods Retail Investment Opportunity

      Income-producing retail strip in high-traffic area near I-94.
      19558 Kelly Rd, Detroit, MI 48225
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    • $4,000,000

      Harper Woods Commercial Investment Property

      Leased property near redevelopment area, offering stable income.
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    20550 Vernier Rd
    Harper Woods, MI 48225-1413
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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