Property profile

1263 13th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Medical Office Space
Property ID
US43-0280298
27,771 SF 3.02 ac lot Built 1958
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1958
Total area 27,771 SF
Lot 3.02 ac (131,551 SF)
Zoning code MIXED Z
APN 44-25-11-126-001
UPID US43-0280298

Cap rate & NOI

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

Location

1263 13th Mile Rd Madison Heights, MI 48071-2040
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
$2.91M
Blend (final) Blend
$600k

Owner & transaction history

since 2017
7 recorded transactions
2020
Price N/A
2020
Price N/A
2017
Price N/A
2012
Price N/A
2002
$1.5M
1998
Price N/A
1969
Price N/A

Zoning & alternative use

MIXED Z · Madison Heights, MI

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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