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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office buildings
22777 Kelly Rd Eastpointe, MI 48021-2036
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1512294
Property summary
AI-generated overview
This exceptional Eastpointe, Michigan office building at 22777 Kelly Road presents a unique opportunity for businesses seeking flexible and high-quality space. The property, a two-story Class C building constructed in 1978, offers a total of 6,500 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,625 square feet to a maximum contiguous space of 3,250 square feet. The building sits on a 0.335-acre lot and is zoned MU1. Ample parking is provided for tenants and visitors. The building features an elevator for convenient access to both floors. Its location in Eastpointe offers excellent visibility and exposure, making it an ideal location for businesses seeking a strong presence in the area. The property's Macomb County location (APN: 02-14-29-479-022) provides easy access to major transportation routes and amenities. This is an excellent opportunity to secure a well-located, versatile office space in a thriving community. The entire 6,500 square feet is available for immediate occupancy.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
6,732 SF
Lot
0.34 ac (14,593 SF)
Zoning code
MU1
APN
02-14-29-479-022
UPID
US43-1512294
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
-
Earphonics Corporate Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$723k
Blend (final)
Blend
$725k
Owner & transaction history
Kujtim INC · 1 yrs held
Kujtim INC
since 2024
2 recorded transactions
Zoning & alternative use
MU1 · Eastpointe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$955,000
+49.5%
Medical building
$825,000
+29.6%
Commercial (general)
$690,000
+8.4%
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
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
OFFICE BUILDING
$640,000
Current use
RESTAURANT
$955,000
Change: +50% · Conversion: Moderate
MEDICAL BUILDING
$825,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$690,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$580,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±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
$108 / 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
$21,368
Tax year 2023
Assessed value
$323,800
Assessed 2024
Previous assessed
$323,800
+0.0% YoY
Effective rate
6.60%
On assessed value
Total market value
$647,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
6,732 SF
Lot
0.34 ac (14,593 SF)
Zoning code
MU1
APN
02-14-29-479-022
UPID
US43-1512294
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MU1 · Eastpointe, MIZoning MU1 · permitted uses
MU1 · Eastpointe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$640,000
RESTAURANT
Est. value
$955,000
MEDICAL BUILDING
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$690,000
AUTO REPAIR, GARAGE
Est. value
$580,000
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.34 ac
Current owner
From public records · entity-resolved
Kujtim INC
Entity
Free & Clear · 1 yrs held
Mailing address
55081 APPLE LN, SHELBY TOWNSHIP, MI 48316-5346
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 17, 2024
$96,254
Kujtim INC
Macomb County Treasurer
Public Action
related
—
Jun 9, 2021
—
Earphonics INC
—
Deed
related
$400,000 · James Hy Ynhas Trust
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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