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    27117 John R Rd Madison Heights, MI 48071

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    For Lease
    $15 SF/Yr ($6,417 /Mo)

    5,134 SF retail space with abundant parking.

    Property size:
    5,134 SF
    Lot size:
    1.09 Acres

    Property Features for 27117 John R Rd

    General Information

    Size
    5,134 SF
    Lot size
    1.09 Acres

    Source: NAI Farbman - Corporate Agent Jake Wiseman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space on John R Road

    This 5,134 square-foot retail space, formerly a Rent-A-Center, is available for lease. The property is located adjacent to Beyond Home, on 11 Mile and John R Road, offering excellent visibility with over 18,000 vehicles passing by daily. It features an overhead door and an abundant parking lot. The location benefits from a dense residential population, with over 129,000 residents living within a 3-mile radius, with an average household income of $83,900 annually.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Beyond Home Home Goods Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1059391
    Latitude
    42.4923225

    Nearby Similar for Lease

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      John R Road Retail End Cap

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    FAQs

    What type of property is this?
    Retail space - 5,134 SF retail space with abundant parking.
    Where is this retail space located?
    The property is located at 27117 John R Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Excellent Visibility: Over 18,000 vehicles per day.; - High Traffic Location: Adjacent to Beyond Home on 11 Mile and John R Road.; - High Population Density: Over 129,000 residents within a 3-mile radius.
    (248) 687-9150
    Request Owner's contact information
    27117 John R Rd Madison Heights, MI 48071
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    Madison Heights, MI 48071
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    Realmo Value Estimation

    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.

    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.

    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
    27117 John R Rd Madison Heights, MI 48071
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