Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Madison Heights Retail Space Available Title is generated by Realmo AI

    28707-28709 Dequindre Rd, Madison Heights, MI 48071

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $13 SF/Yr $2,383/Mo (calc)

    Retail space in Madison Heights with ample parking.

    Type:Retail
    Property size:
    2,200 SF
    Added:
    Apr 25, 2025
    Days on Market:
    397
    Last Refresh:
    May 7 at 8:03 pm

    Property Features for 28707-28709 Dequindre Rd

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Ron Goldstone
    Ron Goldstone

    Listing agent Ron Goldstone License #6502102638

    Listing office NAI Farbman

    Listing date Apr 25, 2025

    Source Cpix.resimplifi

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman

    HighLights

    • Located in the heart of Madison Heights at the intersection of Dequindre Road and Twelve Mile Road
    • High‑traffic retail area with proximity to major retailers: Target, Kroger, Marshalls, Petco, Burlington, and Big Lots
    • 1,100 SF former Boost Mobile location
    • Zoning: BI
    • Additional parking in the rear of the building
    • Year Built: 1960

    Overview

    This commercial property offers a retail space of 2,200 square feet. Formerly occupied by Boost Mobile (1,100 SF), the property is located in Madison Heights, specifically on Dequindre Road and Twelve Mile Road. The zoning is BI, and additional parking is available at the rear of the building. Notable retailers in the vicinity include Target, Kroger, Marshalls, Petco, Burlington, and Big Lots.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.086041
    Latitude
    42.5034621

    Nearby Similar for Lease

    • $2,800/Mo
      2,827 SF

      Madison Heights Stand Alone Building

      Stand alone building with John R road exposure in Madison Heights.
      26385 John R Road, 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 13 Mile Road, Madison Heights, MI 48071
      View Details
    • $71,000 SF/Yr
      6,996 SF

      Madison Heights Office Space Available

      Office building for lease in Madison Heights, Michigan.
      520 E 12 Mile Road, Madison Heights, MI 48071
      View Details
    • $2,800/Mo

      High Exposure Stand Alone Building

      Stand alone building with high exposure, ready for tenant design.
      26385 John R Rd, Madison Heights, MI 48071
      View Details
    • $71,000 SF/Yr
      4,750 SF

      Madison Heights Office Space Available

      Office space available for rent in Madison Heights, Michigan.
      520 E 12 Mile Rd, Madison Heights, MI
      View Details
    • $15 SF/Yr
      5,134 SF

      Retail Space on John R Road

      5,134 SF retail space with abundant parking.
      27117 27137 John R Road, Madison Heights, MI
      View Details
    • $13 SF/Yr
      7,420 SF

      Madison Heights Office Space Available

      Office space for rent with flexible zoning and ample parking.
      30781 Stephenson Hwy, Madison Heights, MI
      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
    • Contact for pricing
      3,600 SF

      Freestanding Retail on John R

      Freestanding 3,600 SF retail building with parking and high traffic.
      32451 John R Road, Madison Heights, MI 48071
      View Details
    • Contact for pricing

      Madison Heights Office Space Available

      Office units available for rent in Madison Heights, Michigan.
      26743-26769 John R Rd, Madison Heights, MI 48071
      View Details
    • $15 SF/Yr
      38,270 SF

      Madison Heights Office Space Available

      Office space available for lease in Madison Heights, Michigan.
      999 Tech Row, 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 Drive, Madison Heights, MI 48071
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in Madison Heights with ample parking.
    Where is this retail space located?
    The property is located at 28707-28709 Dequindre Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Located in the heart of Madison Heights at the intersection of Dequindre Road and Twelve Mile Road; High‑traffic retail area with proximity to major retailers: Target, Kroger, Marshalls, Petco, Burlington, and Big Lots; 1,100 SF former Boost Mobile location
    (248) 351-4371
    We can help!
    Listing Contact
    Ron Goldstone
    Ron Goldstone
    Real Estate License ID: 6502102638
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    28707-28709 Dequindre Rd, Madison Heights, MI 48071
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!