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Property profile & analytics
FOR SALE
Medical Office Space
22301 Kelly Rd Eastpointe, MI 48021
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0119470
For Sale
1 / 7
$349,000
22301 Kelly Rd, Eastpointe, MI 48021
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
2,630 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MU1
APN
02-14-32-229-027
UPID
US43-0119470
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
-
Dr. Farzin R. Namei, MD Pediatrician Physician
-
Rasimas Carl A MD Physician
-
Dr. Nancy M. Mcguire, MD Physician
-
Hahn Rick A Medical Clinic
-
Poulos Kathryn M Physician
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
Garvi Realty Corporation · 3 yrs held
Garvi Realty Corporation
since 2023
2 recorded transactions
Zoning & alternative use
MU1 · Eastpointe, 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 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,465
Tax year 2023
Assessed value
$134,300
Assessed 2024
Previous assessed
$134,300
+0.0% YoY
Effective rate
7.05%
On assessed value
Total market value
$268,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1968
Heating
FORCED AIR
Stories
1
Total area
2,630 SF
Lot
0.1 ac (4,356 SF)
Zoning code
MU1
APN
02-14-32-229-027
UPID
US43-0119470
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MU1 · Eastpointe, MI
Zoning MU1 · permitted uses
MU1 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Eastpointe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
FORCED AIR
Stories
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Garvi Realty Corporation
Entity
Mailing address
11800 E 9TH MILE RD, STERLING HEIGHTS, MI 48312
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
$170,000
Garvi Realty Corporation
Kennedy Property Investments LLC
Warranty Deed
—
Apr 6, 2018
$55,000
Kennedy Property Invs LLC
Heritage Medical Building LLC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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