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Financial
Distress signals
Property profile

3431 Joy Rd Detroit, MI 48206

FOR LEASE
Grocery and convenience stores
Property ID
US43-1827361
12,112 SF 0.81 ac lot Built 1954
Last sale Oct 2014 · $36,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 3431 Joy Rd, Detroit, Michigan 48206 is a newly constructed retail building completed in 2022. It is configured as a single retail asset, designed for income-producing retail use, and includes a lease structure featuring a corporate guarantee and scheduled rent increases with a stated 10-year lease term.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$9k
Tax billed · 2020
Assessed value · 2024$105k
Effective rate8.37%

Value estimate

· Oct 2026
$340k
$306k – $374k
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$12k
Operating expenses−$64k
NOI · 1,657,588.89% cap applied$149k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$69/SF
Submarket average, outlier-cleaned · 738 recorded sales of this use type
Observed band · Q1–Q3$30 – $113
Qualifying comparables6

Cap rate analysis

How does the asset earn?
1,657,588.89%
$149k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
The B4 general business district provides for business and commercial uses of a thoroughfare oriented nature
General categoryCOMMERCIAL
JurisdictionWAYNE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.0
Law Firm30.0
Dental Office27.4

Location

3431 Joy Rd Detroit, MI 48206
County assessor Recorded deeds · 9 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11331 Linwood, Detroit, MI 48206-1570 $110,000 Nov 2022 3,520 SF
8536 Linwood, Detroit, MI 48206-2387 $345,000 Dec 2020 3,920 SF
10240 Rosa Park, Detroit, MI 48206-1716 $21,000 Jan 2020 5,160 SF
9141 Dexter, Detroit, MI 48206-1939 $125,000 Jan 2020 2,450 SF
3732 Joy, Detroit, MI 48206-1951 $25,000 May 2019 8,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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