Add Listing
    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

    29051 Dequindre Rd Madison Heights, MI 48071

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

    Three retail spaces available, 500-8200 SF

    Lot size:
    9,700 SF

    Property Features for 29051 Dequindre Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,700 SF

    Spaces For Lease

    at 29051 Dequindre Rd, Madison Heights, MI 48071 Contact us
    Unit Office Space

    $12 /Mo

    Size
    1,000 SF
    Contact us
    Unit Retail/Flex Spacee

    $15 /Mo

    Size
    500 SF
    Contact us
    Unit Suite 29065

    $12 /Mo

    Size
    8,200 SF
    Contact us

    We can help!

    Listing Contact
    Kathleen Garmo
    Kathleen Garmo

    Listing Agent: Kathleen Garmo

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

    Learn more

    Property Insight Report

    Overview

    Madison Manor, located at 29051 Dequindre Rd in Madison Heights, Michigan, 48071, offers exceptional retail space opportunities. This shopping center presents three available units ranging in size from 500 square feet to a substantial 8,200 square feet, catering to a variety of business needs. One particularly attractive space is a 1,000 square foot office, ideal for administrative functions or a corporate presence within the center. Another noteworthy option is a 500 square foot retail/flex space, featuring a convenient roll-up door for easy loading and unloading, and boasting impressive 15-foot clear ceiling height. This space is perfect for businesses requiring ample storage or specialized equipment. The property's prime location in Madison Heights ensures high visibility and accessibility for customers. The diverse range of space sizes available makes Madison Manor an attractive prospect for both established businesses seeking expansion and new ventures looking for a well-situated retail location. This is a fantastic opportunity to secure a space in a thriving commercial area. Contact us today to learn more about leasing options and availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    O'Reilly Auto Parts Auto Parts Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.085986676935
    Latitude
    42.506224239985

    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 Rd, Madison Heights, MI 48071
      View Details
    • $71,000
      6,996 SF

      Madison Heights Office Space Available

      Office building for lease in Madison Heights, Michigan.
      520 E Twelve Mile 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 Eleven 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 Eleven 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
    • Contact for pricing

      Freestanding Retail on John R

      Freestanding 3,600 SF retail building with parking and high traffic.
      32451 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

    FAQs

    What type of property is this?
    Lifestyle center - Three retail spaces available, 500-8200 SF
    Where is this lifestyle center located?
    The property is located at 29051 Dequindre Rd Madison Heights, MI.
    What is the lease rate?
    The lease rate is $12-$15 SF/Yr.
    (248) 406-1761 Call to check price and availability
    Request Owner's contact information
    29051 Dequindre 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.
    29051 Dequindre 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
    29051 Dequindre 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kathleen Garmo
    Kathleen Garmo
    (248) 406-1761
    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!