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Property profile & analytics
FOR LEASE
Manufacturing properties
1700 East Avis Dr, Madison Heights, MI 48071
Entity Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1401892
For Lease
1 / 2
$8 SF/Yr
1700 East Avis Dr, Madison Heights, MI 48071
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
61,371 SF
Lot
3.1 ac (135,036 SF)
Zoning code
M-1 LT
APN
44-25-01-251-010
UPID
US43-1401892
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
Current use
Occupant on record · Public records
-
Motion Industries Industrial Manufacturer Production Facility
-
Motion Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$3.98M
Owner & transaction history
Avis Drive Associates LLC · 23 yrs held
Avis Drive Associates LLC
since 2002
7 recorded transactions
Zoning & alternative use
M-1 LT · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.7M
+23.8%
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
INDUSTRIAL (GENERAL)
$4,615,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,710,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$3.98M
Range $3.58M – $4.37M · ±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 2023Property tax & assessments
Tax year 2023
Tax billed
$55,089
Tax year 2023
Assessed value
$1,550,410
Assessed 2024
Previous assessed
$1,428,290
+8.6% YoY
Effective rate
3.55%
On assessed value
Total market value
$3,100,820
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1974
Heating
GAS
Buildings
3
Stories
1
Units
1
Total area
61,371 SF
Lot
3.1 ac (135,036 SF)
Zoning code
M-1 LT
APN
44-25-01-251-010
UPID
US43-1401892
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 LT · Madison Heights, MI
Zoning M-1 LT · permitted uses
M-1 LT · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1974
Heating
GAS
Stories
1
Buildings
3
Units
1
Lot
3.1 ac
Current owner
From public records · entity-resolved
Avis Drive Associates LLC
Entity
Free & Clear · 23 yrs held
Mailing address
121 W LONG LK RD STE #300, BLOOMFIELD HILLS, MI 48304-2720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2022
—
Avis Drive Associates LLC
—
Deed
related
$2,346,000 · Independent Bank
Mar 4, 2019
—
Avis Drive Associates LLC
—
Deed
related
$2,015,665 · Comerica Bk
Sep 28, 2017
—
Avis Drive Associates LLC
—
Deed
related
$1,890,000 · Comerica Bk
Nov 20, 2002
—
Avis Drive Associates LLC
Echo Land Co
Grant Deed
related
—
—
—
Avis Drive Associates LLC
—
Deed Of Trust
related
$2,015,665 · Comerica Bk
—
—
Avis Drive Assocs LLC
—
Loan Modification
related
$1,781,250 · Comerica Bk
—
—
Avis Drive Associates LLC
—
Loan Modification
related
$1,890,000 · Comerica Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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