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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Manufacturing properties
21235 John R Rd, Hazel Park, MI 48030-2208
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-4751740
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1954
Total area
20,620 SF
Lot
0.49 ac (21,344 SF)
Zoning code
II
APN
28-25-35-430-056
UPID
US43-4751740
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
-
365 Garage Services Home Help Garage Door Supplier
-
Box Design Architectural Designer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$592k
Blend (final)
Blend
$590k
Owner & transaction history
21235 John R Road LLC · 8 yrs held
21235 John R Road LLC
since 2017
7 recorded transactions
Zoning & alternative use
II · Hazel Park, 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 Hazel Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hazel Park 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$865,000
Current use
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$29 / SF
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
$15,295
Tax year 2023
Assessed value
$277,310
Assessed 2024
Previous assessed
$251,890
+10.1% YoY
Effective rate
5.52%
On assessed value
Total market value
$554,620
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1954
Heating
GAS
Stories
1
Units
1
Total area
20,620 SF
Lot
0.49 ac (21,344 SF)
Zoning code
II
APN
28-25-35-430-056
UPID
US43-4751740
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Hazel Park, MI
Zoning II · permitted uses
II · Hazel Park, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hazel Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$865,000
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
GAS
Stories
1
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
21235 John R Road LLC
Entity
Free & Clear · 8 yrs held
Mailing address
32451 DEQUINDRE RD, MADISON HEIGHTS, MI 48071-1596
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2017
$250,000
21235 John R Road LLC
21235 John R LLC
Warranty Deed
related
—
Mar 18, 2016
—
21235 John R Road LLC
21235 John R LLC
Quit Claim Deed
—
Feb 3, 2012
$85,000
21235 John R LLC
Bayview Ln Svcg LLC
Grant Deed
—
Jun 15, 2011
$147,500
Bayview Ln Svcg LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Aug 5, 2010
$191,900
Bayview Ln Svcg LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Jul 26, 2007
$325,000
Killu Properties LLC
Woodworth Industries INC
Warranty Deed
$260,000 · Interbay Funding LLC
Jul 2, 2003
—
Woodworth Industries INC
—
Deed Of Trust
related
$3,000,000 · Fifth Third Bk Eastern Mi Ttee
Oct 13, 2000
—
Woodworth Industries INC
—
Deed Of Trust
related
$3,000,000 · Bank One Michigan
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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