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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Super regional malls
28459 Dequindre Rd, Madison Heights, MI 48071-3080
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0086102
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2008
Total area
5,040 SF
Lot
0.3 ac (13,068 SF)
Zoning code
O-1 OFF
APN
44-25-13-229-055
UPID
US43-0086102
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
-
I phone Repair Wee Fix Mobile Phone Store Electronics & Wireless Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Chehab Law Firm PLLC Law Firm
-
AT&T - Internet Service Provider Telecommunications Service Data Center
-
Great Northern Tax Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$700k
Blend (final)
Blend
$530k
Owner & transaction history
Chehab Properties LLC · 2 yrs held
Chehab Properties LLC
since 2023
5 recorded transactions
Zoning & alternative use
O-1 OFF · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+86.0%
Retail stores
$850,000
+81.4%
Medical building
$795,000
+69.6%
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
NEIGHBORHOOD: SHOPPING CENTER
$470,000
Current use
RESTAURANT
$870,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$850,000
Change: +81% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$410,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$105 / 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
$19,286
Tax year 2023
Assessed value
$393,800
Assessed 2024
Previous assessed
$386,760
+1.8% YoY
Effective rate
4.90%
On assessed value
Total market value
$787,600
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2008
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
5,040 SF
Lot
0.3 ac (13,068 SF)
Zoning code
O-1 OFF
APN
44-25-13-229-055
UPID
US43-0086102
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 OFF · Madison Heights, MI
Zoning O-1 OFF · permitted uses
O-1 OFF · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$470,000
RESTAURANT
Est. value
$870,000
RETAIL STORES
Est. value
$850,000
MEDICAL BUILDING
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$620,000
OFFICE BUILDING
Est. value
$590,000
WAREHOUSE, STORAGE
Est. value
$410,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2008
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Chehab Properties LLC
Entity
Mailing address
3336 FARMDALE DR, STERLING HEIGHTS, MI 48314-2833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2023
—
Chehab Properties LLC
Mohamed Chehab Jaafar
Intrafamily Transfer
related
—
Oct 26, 2007
—
Jeff Shehab
American Land Sixma LLC
Warranty Deed
related
—
Dec 18, 2006
—
Jeff Shehab
American Land Sixma LLC
Warranty Deed
—
Sep 12, 2006
$1,108,500
American Land Sixma LLC
Lamphere Schools
Warranty Deed
—
—
—
Jeff Shehab
—
Deed Of Trust
related
$181,194 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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