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Property profile & analytics
FOR SALE
Outlet malls
27400 John R Rd, Madison Heights, MI 48071
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-4487980
For Sale
1 / 12
$950,000
27400 John R Rd, Madison Heights, MI 48071
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Property summary
AI-generated overview
This exceptional 6,500 square foot industrial warehouse, located at 27400 John R Road in Madison Heights, Michigan, presents a compelling investment opportunity. Situated on a 1.21-acre lot, the property boasts 482 feet of frontage on the busy John R Road, ensuring high visibility and accessibility. Built in 1952, this single-story building features a clear-span design, maximizing usable space. The warehouse offers a ceiling height ranging from 16 to 20 feet, providing ample vertical clearance for various storage and operational needs. Access is facilitated by four grade-level doors, enhancing efficiency for loading and unloading. The property is zoned B-3, allowing for a wide range of industrial uses. Ample parking is available with 30 spaces provided on-site. The property's APN is 25-12-102-045. This well-located warehouse is ready for immediate occupancy and presents a rare opportunity to acquire a functional and strategically positioned industrial property in a thriving area. The property includes two dock-high doors.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1952
Total area
6,531 SF
Lot
1.21 ac (52,708 SF)
Zoning code
B-3 GEN
APN
44-25-13-351-030
UPID
US43-4487980
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
-
Correct Car Care Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$950k
Owner & transaction history
Joseph Keys · 9 yrs held
Joseph Keys
since 2016
7 recorded transactions
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+4.4%
Restaurant
$1.1M
+2.6%
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
RETAIL STORES
$1,100,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: +4% · Conversion: Easy
RESTAURANT
$1,130,000
Change: +3% · Conversion: Easy
MEDICAL BUILDING
$1,030,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$145 / 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
$13,851
Tax year 2023
Assessed value
$351,670
Assessed 2024
Previous assessed
$335,190
+4.9% YoY
Effective rate
3.94%
On assessed value
Total market value
$703,340
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
For Sale
Year built
1952
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,531 SF
Lot
1.21 ac (52,708 SF)
Zoning code
B-3 GEN
APN
44-25-13-351-030
UPID
US43-4487980
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Zoning B-3 GEN · permitted uses
B-3 GEN · 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
RETAIL STORES Current
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
1952
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Joseph Keys
Individual
Mailing address
27400 JOHN R RD, MADISON HEIGHTS, MI 48071-3359
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2017
—
Joe Keys
—
Deed
related
$100,000 · Viable Financial Solutions INC
Dec 6, 2016
—
Joseph Keys
Kas Partners LLC
Grant Deed
related
—
Oct 14, 2016
—
Joe Keys
—
Deed
related
$110,000 · Viable Financial Solutions INC
Dec 7, 2009
$275,000
Kas Partners LLC
Flagstar Bk Fsb
Quit Claim Deed
related
—
Jan 7, 2008
$736,893
Flagstar Bank Fsb
Sheriff Of Oakland County
Trustees Deed
related
—
Mar 23, 2004
$870,000
Caledonia Investments LLC
Farnum Property Group
Grant Deed
$65,000 · Community South Bank
—
—
Farnum Property Group
—
Deed Of Trust
related
$493,706 · Bank One Michigan
—
—
Kas Partners LLC
—
Deed Of Trust
related
$100,000 · Huntington National Bank
—
—
Farnum Property Group
—
Deed Of Trust
related
$1,394,973 · Bank One Michigan
—
—
Caledonia Investments LLC
—
Deed Of Trust
related
$848,000 · Flagstar Bank Fsb
—
—
Kas Partners LLC
—
Deed Of Trust
related
$194,844 · Huntington National Bank
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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