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Property profile & analytics
OFF-MARKET
Office buildings
21231 Kelly Rd Eastpointe, MI 48021-3125
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-0504380
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Total area
5,750 SF
Lot
0.26 ac (11,456 SF)
Zoning code
B-1
APN
02-14-32-331-057
UPID
US43-0504380
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
Current use
Occupant on record · Public records
-
King Commercial Realty Real Estate Agency
-
Ginger Bott Real Estate Agency
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
Eastpointe Office Building LLC · 7 yrs held
Eastpointe Office Building LLC
since 2019
5 recorded transactions
Zoning & alternative use
B-1 · Eastpointe, MI
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 Eastpointe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Eastpointe 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,827
Tax year 2022
Assessed value
$220,200
Assessed 2023
Previous assessed
$196,100
+12.3% YoY
Effective rate
7.19%
On assessed value
Total market value
$440,400
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
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
5,750 SF
Lot
0.26 ac (11,456 SF)
Zoning code
B-1
APN
02-14-32-331-057
UPID
US43-0504380
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Eastpointe, MIZoning B-1 · permitted uses
B-1 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Eastpointe Office Building LLC
Entity
Mailing address
PO BOX 237, BELLEVILLE, MI 48112-0237
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
$145,000
Eastpointe Office Building LLC
Jmf SR LLC
Warranty Deed
$165,000 · Community Choice Cu
Jan 25, 2006
—
David C Femminineo
Femminineo,jacob M JR & Renee M
Quit Claim Deed
related
—
—
—
Jmf SR LLC
—
Deed Of Trust
related
$50,000 · Citizens State Bank
—
—
Jmf SR LLC
—
Deed Of Trust
related
$178,095 · Citizens State Bank
—
—
Jmf SR LLC
—
Deed Of Trust
related
$200,000 · Citizens State 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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