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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
20682 Harper Ave Harper Woods, MI 48225-1430
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US43-5260460
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1952
Total area
1,680 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-1
APN
42 010 07 0280 000
UPID
US43-5260460
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
Hiba Land Co LLC · 22 yrs held
Hiba Land Co LLC
since 2004
4 recorded transactions
Zoning & alternative use
C-1 · Harper Woods, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$19,851
Tax year 2023
Assessed value
$194,400
Assessed 2024
Previous assessed
$189,100
+2.8% YoY
Effective rate
10.21%
On assessed value
Total market value
$388,800
Applied tax rate
82,055.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1952
Heating
FORCED AIR
Stories
1
Total area
1,680 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-1
APN
42 010 07 0280 000
UPID
US43-5260460
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Harper Woods, MI
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1952
Heating
FORCED AIR
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hiba Land Co LLC
Entity
Mailing address
20682 HARPER AVE, HARPER WOODS, MI 48225-1430
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2004
$830,000
Hiba Land Co LLC
Sunoco
Warranty Deed
—
—
—
Hiba Land Co LLC
—
Deed Of Trust
related
$570,000 · Huntington National Bank
—
—
Hiba Land Co LLC
—
Deed Of Trust
related
$350,000 · Corrigan Oil Co 11
—
—
Hiba Land Co LLC
—
Deed Of Trust
related
$520,000 · Huntington National Bank
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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