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Property profile & analytics
FOR LEASE
Retail space
23831 John R Rd, Hazel Park, MI 48030-1473
Entity Owned
4-yr Hold
Absentee Owner
Property ID
US43-1287640
$1,800/Mo
23831 John R Rd, Hazel Park, MI 48030-1473
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Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1951
Total area
5,425 SF
Lot
0.09 ac (3,920 SF)
Zoning code
BI
APN
28-25-26-432-022
UPID
US43-1287640
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
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
JR Hazel Park LLC · 4 yrs held
JR Hazel Park LLC
since 2022
Last sale
$296,000
7 recorded transactions
Zoning & alternative use
BI · 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
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
$11,520
Tax year 2023
Assessed value
$154,660
Assessed 2024
Previous assessed
$139,880
+10.6% YoY
Effective rate
7.45%
On assessed value
Total market value
$309,320
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1951
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
5,425 SF
Lot
0.09 ac (3,920 SF)
Zoning code
BI
APN
28-25-26-432-022
UPID
US43-1287640
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Hazel Park, MI
Zoning BI · permitted uses
BI · 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.
Building & site characteristics
From public records
Year built
1951
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
JR Hazel Park LLC
Entity
Mailing address
15 PARADISE PLZ #296, SARASOTA, FL 34239-6905
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
JR Hazel Park LLC
Jarrod W Corbett
Intrafamily Transfer
related
—
Apr 29, 2022
—
Jarrod W Corbett
—
Deed
related
$311,515 · Advia Cu
Jun 23, 2021
$296,000
Jarrod W Corbett
Thirteen 24 LLC
Warranty Deed
$268,015 · Advia Cu
Feb 18, 2020
—
Thirteen 24 LLC
K-town Holdings LLC
Quit Claim Deed
related
$350,000 · F5 Cap Group LLC
Jul 3, 2019
—
Chad Hooks
—
Deed
related
$298,000 · Weir Richard M Trust (rt)
Apr 16, 2019
—
K Town Holdings LLC
23831 John R Road LLC
Quit Claim Deed
related
—
May 9, 2018
—
23831 Johnr LLC
—
Deed
related
$100,000 · M & M Real Prop Invs Assocs Ll
Apr 25, 2018
$325,000
23831 John R Road LLC
Gueli,geraldine R & Nicholas JR
Warranty Deed
—
Jul 18, 2006
—
Nicholas Gueli JR.
Gueli,nicholas JR
Quit Claim Deed
related
—
—
—
Chad Hooks
—
Deed Of Trust
related
$298,000 · Weir Richard M Trust (rt)
—
—
23831 Johnr LLC
—
Deed Of Trust
related
$149,900 · Private Individual
—
—
23831 Johnr LLC
—
Deed Of Trust
related
$100,000 · M & M Real Prop Invs Assocs Ll
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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