Property profile

1600 12th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Drive through restaurants
Property ID
US43-0267204
1,500 SF 0.35 ac lot Built 1970
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1970
Total area 1,500 SF
Lot 0.35 ac (15,246 SF)
Zoning code B-1 LOC
APN 44-25-13-226-007
UPID US43-0267204

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
  • Restaurant
  • Restaurant

Location

1600 12th Mile Rd Madison Heights, MI 48071-2679
Madison Heights metro Census 181300 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
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Comparable Approach Comparable
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Blend (final) Blend
$215k

Owner & transaction history

since 2013
7 recorded transactions
2013
$200,000
2007
Price N/A
2002
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 LOC · 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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