Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    520 E Twelve Mile Rd Madison Heights, MI 48071

    Sponsored
    For Lease
    $71,000

    Real Estate Only - Madison Heights, MI

    Property size:
    6,996 SF
    Lot size:
    0.57 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 26 at 4:06 am

    Property Features for 520 E Twelve Mile Rd

    General Information

    Special listing conditions
    Real Estate Owned
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Real Estate Owned
    Standard status
    Active
    Zoning
    Office
    APN
    2513104008
    Size
    6,996 SF
    Lot size
    0.57 Acres

    Building Details

    Year built
    1959
    Year renovated
    2022
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Todd Zahn

    KW Domain Birmingham (248) 590-0800

    Listing agent Todd Zahn (248) 590-0800

    Listing date Feb 24, 2026

    MLS# 20261011540 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Madison Heights Office Space Available

    This commercial real estate property, located in Madison Heights, Michigan, is available for rent. The property is zoned for office use and is situated on a 0.57-acre lot. The building offers 6,996 square feet of office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.103
    Latitude
    42.508

    Nearby Similar for Lease

    • $2,800 /Mo
      2,827 SF

      Madison Heights Commercial Space Available

      Commercial space for rent in Madison Heights, Michigan.
      26385 John R John R Rd, Madison Heights, MI 48071
      View Details
    • $14,000 /Mo
      5,932 SF

      Madison Heights Commercial Lease Opportunity

      Multi-tenant space ideal for restaurant, food hall, or mixed-use.
      1450 W Thirteen Mile Rd, Madison Heights, MI 48071
      View Details
    • $15 SF/Yr
      5,134 SF

      Retail Space on John R Road

      5,134 SF retail space with abundant parking.
      27117 John R Rd, Madison Heights, MI 48071
      View Details
    • $888 /Mo

      Retail Space Near I-75

      Retail units available with building signage and I-75 access.
      515 W 11 Mile Rd, Madison Heights, MI 48071
      View Details
    • $999 /Mo

      Retail Space with Building Signage

      Retail units available with easy I-75 access and signage.
      513 W 11 Mile Rd, Madison Heights, MI 48071
      View Details
    • $9 SF/Yr
      847 SF

      Office/Flex Space Available For Lease

      Office, flex, or commercial space available for lease.
      27708-27716 John R Rd, Madison Heights, MI 48071
      View Details
    • $7 SF/Yr
      9,400 SF

      Madison Heights Flex Space Available

      Flex space with excellent accessibility and expansion opportunities.
      25209-25235 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • $6,500 /Mo

      Madison Heights Warehouse or Office

      10,000 SF space for warehouse, office, or combination.
      1100 East Mandoline 300, Madison Heights, MI 48071
      View Details
    • $14 SF/Yr
      16,572 SF

      Renovated Office Space For Lease

      Office space for lease with renovated lobby and suites.
      1 Ajax Dr, Madison Heights, MI 48071
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 27137 John R Rd.
      27137 John R Rd, Madison Heights, MI 48071
      View Details
    • $8 SF/Yr
      10,184 SF

      Madison Heights Warehouse Space Available

      Industrial warehouse space available for lease in Madison Heights.
      31725 Stephenson Hwy, Madison Heights, MI 48071
      View Details
    • $8 SF/Yr
      43,200 SF

      Madison Heights Warehouse Space Available

      43,600 SF warehouse with truckwells and parking available for lease.
      1700 East Avis Dr, Madison Heights, MI 48071
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for lease in Madison Heights, Michigan.
    Where is this office building located?
    The property is located at 520 E Twelve Mile Rd Madison Heights, MI.
    What are key features of this property?
    This property features: - Brick construction; - Built in 1959
    (248) 590-0800
    Request Owner's contact information
    520 E Twelve Mile Rd Madison Heights, MI 48071
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 E Twelve Mile Rd
    Madison Heights, MI 48071
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 E Twelve Mile Rd Madison Heights, MI 48071
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Todd Zahn
    (248) 590-0800 (586) 243-1843
    Learn more
    Google sign-in failed. Please try again or use another login method.