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    1410 14 Mile Rd Madison Heights, MI 48071
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    1410 14 Mile Rd, Madison Heights, MI 48071

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    • Industrial properties
    • 62,069 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 1410 14 Mile Rd

    Year built
    1985
    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 62,069-square-foot flex space, located at 1410 E. 14 Mile Road in Madison Heights, Michigan, presents a unique investment opportunity. The single-story, 1985-built building sits on a parcel with APN 44-25-01-202-035 and is zoned B. The property boasts a highly desirable flex layout, easily divisible to accommodate smaller tenants, making it ideal for a variety of businesses. A significant warehouse area of up to 28,000 square feet is complemented by 3 dock-high doors for efficient loading and unloading. Ample parking is provided, with a generous ratio of 7.02 spaces per 1,000 square feet. The property enjoys excellent visibility from 14 Mile Road and benefits from a convenient location near the intersection of I-75 and I-696, ensuring easy access for employees and clients. Monument and building signage opportunities further enhance the property's marketing potential. This is a rare chance to acquire a well-maintained, strategically located industrial property in a thriving Michigan market. The property is offered for sale and features a hi-tech/flex/office structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.0938
    Latitude
    42.5337

    Comparable in this City

    • Value Estimation by Request
      62,069 SF

      1410 14 Mile Rd

      Flex space
      1410 14 Mile Rd, Madison Heights, MI 48071
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      28,000 SF

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    • Value Estimation
      $1,235,000
      19,260 SF

      652 Ajax Dr, Unit 680

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    • Value Estimation
      $3,285,000
      48,510 SF

      31301 Mally Dr

      INDUSTRIAL LOFT BUILDING
      31301 Mally Dr, Madison Heights, MI 48071-1629
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    • Value Estimation
      $2,450,000
      39,770 SF

      29401 Stephenson Hwy

      INDUSTRIAL LOFT BUILDING
      29401 Stephenson Hwy, Madison Heights, MI 48071-2331
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    • Value Estimation by Request
      176 SF

      28609 Dequindre Rd

      INDUSTRIAL (GENERAL)
      28609 Dequindre Rd, Madison Heights, MI 48071-3056
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    Similar Nearby for Sale

    • Contact for pricing
      12,844 SF

      Madison Heights Flex/Industrial Property

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      34,116 SF

      Madison Heights Flex/Industrial Building

      Flex/industrial building in Madison Heights, convenient location.
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      Madison Heights Flex Space Opportunity

      Flex space available in a fantastic location with ample parking.
      29401 Stephenson Hwy, Madison Heights, MI 48071
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    Similar Nearby for Lease

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      2,776 SF

      Office/Flex Space Available For Lease

      Office, flex, or commercial space available for lease.
      27708-27716 John R Rd, Madison Heights, MI 48071
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      Madison Manor Retail and Flex

      Retail, flex, and office spaces available for lease.
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      Madison Heights Commercial Space Available

      Commercial flex, office, and warehouse space for lease.
      30773 Stephenson Hwy, Madison Heights, MI 48071
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    • $2,500 /Mo

      Madison Heights Commercial Space Available

      28,000 sq ft commercial space for lease in Madison Heights.
      30549 Stephenson Hwy, Madison Heights, MI 48071
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    • Contact for pricing

      Industrial Space on Stephenson Highway

      Well-located industrial space with excellent accessibility and visibility.
      30475-30495 Stephenson Hwy, Madison Heights, MI 48071
      View Details
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    Madison Heights, MI 48071
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    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.

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