Property profile

1457 12th Mile Rd 1461 Madison Heights, MI 48071

OFF-MARKET
Office buildings
Property ID
US43-1003546
5,730 SF 0.45 ac lot Built 2000
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Total area 5,730 SF
Lot 0.45 ac (19,602 SF)
Zoning code O-1 OFF
APN 44-25-12-454-070
UPID US43-1003546

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
  • Corporate Office
  • Law Firm

Location

1457 12th Mile Rd, Unit 1461 Madison Heights, MI 48071-2653
Madison Heights metro Census 181200 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
$655k
Blend (final) Blend
$360k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

O-1 OFF · Madison Heights, MI
Top alternative use upside
Medical building $905,000 +34.6%
Auto repair, garage $700,000 +4.5%

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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