Add Listing
    For Sale
    • 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

    29401 Stephenson Hwy Madison Heights, MI 48071

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    20,000-39,770 SF Flex/R&D Space

    Property size:
    20,000 SF

    Property Features for 29401 Stephenson Hwy

    General Information

    Property type
    Life science properties
    Square Feet
    20,000 SF

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Peter Vanderkaay
    Peter Vanderkaay

    Listing Agency: Signature Associates Listing Agent: Peter Vanderkaay

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

    Learn more

    Property Insight Report

    Overview

    This exceptional Madison Heights, MI industrial property, located at 29401 Stephenson Hwy, offers 20,000 to 39,770 square feet of flexible space, ideal for R&D or flex uses. Built in 1987 and zoned M-1, the building boasts a 12-foot clear height ceiling, one 12x10 grade-level loading dock, and ample parking with a single bay door for convenient drive-in access. The property features 1000 amps, 480 volts of heavy power. The current floor plan is a wide-open space, easily divisible to suit various needs. Recent improvements include a brand-new parking lot and a freshly painted exterior. The asking price is $2,950,000 ($74.18/sq ft), and the property is also available for lease at $6.00/sq ft NNN. Importantly, the site plan is already approved for self-storage development, presenting a significant value-add opportunity for future expansion or alternative use. This is an immediate opportunity to acquire a well-maintained property in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    International Engineering Engineer Computing Express Electronics & Wireless Store MuniDeals Roadshow Consultant

    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
    -83.1192419
    Latitude
    42.5098797

    Nearby Similar for Sale

    • $575,000
      4,539 SF

      Madison Heights Investment Opportunity

      Two-building investment opportunity in Madison Heights, fully and partially occupied.
      728 W Eleven Mile Rd, Madison Heights, MI 48071
      View Details
    • $2,350,000
      5,852 SF

      Madison Heights Commercial Opportunity

      5,852 SF vacant commercial space in high-traffic area.
      451 W Fourteen Mile Rd, Madison Heights, MI 48071
      View Details
    • $275,000
      1,584 SF

      Madison Heights Duplex with Upside

      Cash-flowing duplex with value-add potential in Madison Heights.
      31 W Barrett Ave, Madison Heights, MI 48071
      View Details
    • $815,000
      8,000 SF

      Madison Heights Light-Industrial Opportunity

      Light-industrial property with excellent access to I-696 and I-75.
      26071 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • $200,000
      988 SF

      Office/Studio with Additional Parking

      Freestanding office/studio with parking lot in Madison Heights.
      649 E Twelve Mile Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing
      11,395 SF

      Madison Heights Office Space Available

      Second floor office space for sale in Madison Heights, MI.
      28050 John R Rd, Madison Heights, MI 48071
      View Details
    • $995,000
      6,036 SF

      Madison Heights Retail Opportunity

      Retail property for sale in Madison Heights, Michigan.
      30125 John R Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing
      3,500 SF

      Madison Heights Freestanding Retail Building

      3,500 SF building near I-75 and Oakland Mall.
      535 W 14 Mile Rd, Madison Heights, MI 48071
      View Details
    • $400,000
      3,500 SF

      Madison Heights Industrial/Flex Space

      3,500 SF industrial/flex space in Madison Heights, Michigan.
      25539 John R Rd, Madison Heights, MI 48071
      View Details
    • $100,000

      Established Restaurant in High-Traffic Plaza

      Turnkey sushi restaurant in a busy, high-traffic location.
      1449 W 14 Mile Rd, Madison Heights, MI 48071
      View Details
    • $795,000

      Well-Maintained Building in High-Traffic Area

      8000 sqft flex/industrial building in high-traffic location for sale.
      26051 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • $4,175,000

      Crane-Equipped Manufacturing Facility

      Madison Heights manufacturing facility with heavy crane capacity.
      32439 Industrial Dr, Madison Heights, MI 48071
      View Details

    FAQs

    What type of property is this?
    Life science property - 20,000-39,770 SF Flex/R&D Space
    Where is this life science property located?
    The property is located at 29401 Stephenson Hwy Madison Heights, MI.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: $2,950,000 asking price for this 20,000-39,770 square foot industrial property.; Flex/R&D space available in Madison Heights, MI.; 12' clear ceiling height and one 12x10 grade-level loading dock.
    (248) 359-3837 Call to check price and availability
    Request Owner's contact information
    29401 Stephenson Hwy 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.
    29401 Stephenson Hwy
    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
    29401 Stephenson Hwy 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Peter Vanderkaay
    Peter Vanderkaay
    Real Estate License ID: 6501388318
    (248) 359-3837 (248) 321-7415 (248) 948-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!