Property profile

12 14th Mile Rd 56 Madison Heights, MI 48071

OFF-MARKET
Super regional malls
Property ID
US43-2873440
10,760 SF 1.17 ac lot Built 2013
Entity Owned 14-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 2013
Total area 10,760 SF
Lot 1.17 ac (50,965 SF)
APN 44-25-01-101-029
UPID US43-2873440

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
  • Physician
  • Physician
  • Physician
  • Physician

Location

12 14th Mile Rd, Unit 56 Madison Heights, MI 48071-1301
Madison Heights metro Census 981200 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
$1.49M
Blend (final) Blend
$670k

Owner & transaction history

since 2012
3 recorded transactions
2019
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $1.9M +86.0%
Retail stores $1.8M +81.4%
Medical building $1.7M +69.6%

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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