Financial
Distress signals
Property profile

20825 Joy Rd Detroit, MI 48228

FOR SALE
Retail space
Property ID
US43-1093087
4,800 SF 0.19 ac lot Built 1948
Last sale Mar 2025 · $180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of two buildings totaling nearly 5,000 square feet of commercial flex space, including four private office spaces, a front lobby, and a large open floor plan. A warehouse portion includes high ceilings, an overhead door, and a layout suitable for storage, distribution, light industrial use, or a creative workspace. The office areas have updated interior finishes, and the overall property includes 1.5 bathrooms, including a full bathroom. A secured exterior area is accessed

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$4k
Tax billed · 2020
Assessed value · 2024$90k
Effective rate3.94%

Value estimate

· Sep 2026
$210k
$189k – $231k
NOI build-up
Gross scheduled income$42k
Vacancy & credit loss−$2k
Operating expenses−$12k
NOI · 9.39% cap applied$28k

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$76/SF
ZIP average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$33 – $123
Qualifying comparables12

Cap rate analysis

How does the asset earn?
9.39%
$28k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.1
Law Firm19.9
Building Supply12.9

Location

20825 Joy Rd Detroit, MI 48228
County assessor Recorded deeds · 1 transfer 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
18334 Warren, Detroit, MI 48228-3429 $3,000,000 May 2025 6,567 SF
8657 Greenfield, Detroit, MI 48228-2224 $755,000 May 2025 7,148 SF
14622 Joy, Detroit, MI 48228-2407 $100,000 Apr 2025 3,861 SF
8930 Greenfield, Detroit, MI 48228-2283 $130,000 Mar 2025 3,120 SF
19323 Warren, Detroit, MI 48228-3347 $150,000 Aug 2024 5,266 SF
15803 Warren, Detroit, MI 48228-3737 $190,000 May 2024 3,556 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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