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Property profile & analytics
OFF-MARKET
Estimated value
$6,920,000
Super regional malls
1401 14th Mile Rd 1495, Madison Heights, MI 48071-1055
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0277123
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Total area
106,154 SF
Lot
9.32 ac (405,979 SF)
Zoning code
B-1 LOC
APN
44-25-02-101-062
UPID
US43-0277123
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.27M
Blend (final)
Blend
$6.92M
Owner & transaction history
14 And Campbell Center II LLC · 3 yrs held
14 And Campbell Center II LLC
since 2022
5 recorded transactions
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$9,880,000
Current use
WAREHOUSE, STORAGE
$8,660,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$6.92M
Range $6.23M – $7.61M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$196,556
Tax year 2021
Assessed value
$4,416,980
Assessed 2022
Previous assessed
$4,416,980
+0.0% YoY
Effective rate
4.45%
On assessed value
Total market value
$8,833,960
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1980
Heating
YES
Buildings
21
Stories
1
Units
1
Total area
106,154 SF
Lot
9.32 ac (405,979 SF)
Zoning code
B-1 LOC
APN
44-25-02-101-062
UPID
US43-0277123
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Zoning B-1 LOC · permitted uses
B-1 LOC · Madison Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$9.9M
WAREHOUSE, STORAGE
Est. value
$8.7M
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
YES
Stories
1
Buildings
21
Units
1
Lot
9.32 ac
Current owner
From public records · entity-resolved
14 And Campbell Center II LLC
Entity
Mailing address
1485 W 14TH MILE RD #1495, MADISON HEIGHTS, MI 48071-1055
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2023
—
14 And Campbell Center II LLC
—
Deed
related
$340,500 · Community Choice Cu
Dec 21, 2022
—
14 And Campbell Center II LLC
Terry Farida
Deed
$13,738 · Comerica Bank
Dec 9, 2022
—
Terry Farida
14 & Campbell Center LLC
Quit Claim Deed
related
—
Jul 1, 2002
—
Campbell & 14 Centers LLC
Campbell Corners LP
Quit Claim Deed
related
$9,250,000 · Comerica Bank
—
—
Corners LP 1 Campbell
—
Deed Of Trust
related
$3,571,104 · Kjp INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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