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    Property profile & analytics

    1235 14th Mile Rd Madison Heights, MI 48071-1011

    • Drive through restaurants
    • 2,316 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimation
    $740,000
    Last Sale
    Jun 16, 2022
    $710,000
    Location Intelligence
    Property ID
    US43-0973689
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 1235 14th Mile Rd

    Year built
    1994
    Lot size
    0.39 lot acres
    Property size
    2,316 SF
    Zone code
    B-3 GEN
    Property type
    Drive through restaurants
    APN
    44-25-02-101-060
    APU
    442502101060

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $755,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $690,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $745,000
      Geo Method
      $655,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $740,000
      Retail
      $595,000
      Mixed-Use
      $810,000
      Hospitality
      $800,000
      Educational
      $705,000
      Residential Income
      $800,000
      Energy
      $630,000
      Income-Based Land
      $715,000
      Food Service
      $740,000

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1214
    Latitude
    42.5336
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,005
    $0.00
    $0.00
    $350,000
    -
    $0.00
    $0.00
    $700,000

    Comparable in this City

    • Value Estimation by Request
      706 SF

      27000 John R Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 706 SF
      27000 John R Rd, Madison Heights, MI 48071-3326
      View Details
    • Value Estimation by Request
      1,450 SF

      28775 Dequindre Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,450 SF
      28775 Dequindre Rd, Madison Heights, MI 48071-3005
      View Details
    • Value Estimation by Request
      1,444 SF

      1462 12th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,444 SF
      1462 12th Mile Rd, Madison Heights, MI 48071-2651
      View Details
    • Value Estimation by Request
      2,849 SF

      1540 12th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,849 SF
      1540 12th Mile Rd, Madison Heights, MI 48071-2678
      View Details
    • Value Estimation by Request
      2,524 SF

      32500 John R Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,524 SF
      32500 John R Rd, Madison Heights, MI 48071-4725
      View Details
    • Value Estimation by Request
      762 SF

      1450 12th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 762 SF
      1450 12th Mile Rd, Madison Heights, MI 48071-2651
      View Details

    Similar Nearby for Sale

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      Turnkey sushi restaurant in a busy, high-traffic location.
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      Madison Heights Retail Opportunity

      Retail property for sale in Madison Heights, Michigan.
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    Similar Nearby for Lease

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    • Contact for pricing
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    • $14,000 /Mo
      5,932 SF

      Madison Heights Commercial Lease Opportunity

      Multi-tenant space ideal for restaurant, food hall, or mixed-use.
      1450 W Thirteen Mile Rd, Madison Heights, MI 48071
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    • Contact for pricing

      Madison Heights Commercial Property Available

      Commercial property available for rent in Madison Heights, Michigan.
      27483 Dequindre Rd, Madison Heights, MI 48071
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    • Contact for pricing
      1,400 SF

      Madison Heights Office Space For Lease

      1,400 SF Single-Tenant Office in Oakland County
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    • Contact for pricing
      28,000 SF

      Stephenson Hwy Commercial Space

      Flexible Suites, Abundant Parking, I-75 Access
      30773 Stephenson Hwy, Madison Heights, MI 48071
      View Details

    Property Visit Statistics

    • Visits by month
      11.6k
    • Visitors by month
      9.1k
    • Avg Time on site
      8 min
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    Madison Heights, MI 48071-1011
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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