Property profile

28050 John R Rd Madison Heights, MI 48071

OFF-MARKET
Office buildings
Property ID
US43-0544601
11,395 SF 2.02 ac lot Built 1969
Entity Owned 21-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A second-floor office space is located along John R Road at the northeast corner of Gardenia Avenue, within a total building area of 11,395 square feet. The suite provides up to 4,981 square feet and is positioned for access to I-75 and I-696.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1969
Total area 11,395 SF
Lot 2.02 ac (87,991 SF)
Zoning code 0-1 OFF
APN 44-25-13-154-001
UPID US43-0544601

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
  • HVAC Service General Contractor
  • Home Health Care Service

Location

28050 John R Rd Madison Heights, MI 48071-2812
Madison Heights metro Census 181300 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
$1.56M
Blend (final) Blend
$400k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

0-1 OFF · Madison Heights, MI
Top alternative use upside
Commercial (general) $2.0M +50.2%
Restaurant $2.0M +47.6%
Retail stores $1.9M +43.9%

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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