Property profile

123 Madison Ave Mount Clemens, MI 48043

OFF-MARKET
Flex space
Property ID
US43-5107737
8,040 SF 1.2 ac lot Built 2001
Entity Owned 12-yr Hold Free & Clear
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Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2001
Total area 8,040 SF
Lot 1.2 ac (52,403 SF)
Zoning code L-1
APN 05-11-11-177-007
UPID US43-5107737

Cap rate & NOI

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

Location

123 Madison Ave Mount Clemens, MI 48043-1624
Mount Clemens metro Census 245100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$757k
Blend (final) Blend
$195k

Owner & transaction history

since 2014
6 recorded transactions
2014
$235,000
2013
Price N/A
2013
Price N/A
2010
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

L-1 · Mount Clemens, MI
Top alternative use upside
Restaurant $1.1M +117.5%
Medical building $985,000 +88.4%
Commercial (general) $825,000 +57.7%

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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