Financial
Distress signals
Property profile

31771 Sherman Ave Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-1056583
13,969 SF 0.98 ac lot Built 1982
Last sale Aug 2023 · $1,176,800
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

An industrial facility totaling approximately 13,969 square feet featuring built-in air conditioning, a bus duct electrical system, skylights, and epoxy floor finishes. The building includes heavy electrical capacity rated at about 2,000 amps and air lines distributed throughout the premises. The main shop area is served by a rooftop air conditioning unit with an estimated cooling capacity of 40 tons.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2024$422k
Effective rate3.75%

Value estimate

· Sep 2026
$1.35M
$1.22M – $1.49M
CAP approach$1.07M
Submarket $/SF estimate$1.08M

Realmo valuation models over county records and 12 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
ZIP average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$59 – $97
Qualifying comparables12

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1 LT
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.4
Dental Office17.6
Law Firm15.3

Location

31771 Sherman Ave Madison Heights, MI 48071-1428
County assessor Recorded deeds · 3 transfers 12 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
32400 Edward, Madison Heights, MI 48071-1447 $630,000 Nov 2023 12,324 SF
32301 Dequindre, Madison Heights, MI 48071-1594 $2,587,000 Nov 2023 18,750 SF
845 Mandoline, Madison Heights, MI 48071-1472 $1,050,000 Oct 2023 16,250 SF
760 Ajax, Madison Heights, MI 48071-2430 $875,000 Jul 2023 10,451 SF
540 Ajax, Madison Heights, MI 48071-2428 $500,000 Jun 2023 10,230 SF
32390 Howard, Madison Heights, MI 48071-1433 $1,081,732 Oct 2022 13,092 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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