Property profile

1111 14th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Turn key restaurants
Property ID
US43-1058278
8,478 SF 1.97 ac lot Built 2014
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2014
Total area 8,478 SF
Lot 1.97 ac (85,813 SF)
Zoning code B-3 GEN
APN 44-25-02-176-023
UPID US43-1058278

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

1111 14th Mile Rd Madison Heights, MI 48071-1001
Madison Heights metro Census 181100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.16M

Owner & transaction history

since 2014
6 recorded transactions
2018
Price N/A
2017
Price N/A
2014
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 GEN · Madison Heights, MI
Top alternative use upside
Commercial (general) $1.5M +1.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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