New search
Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Retail space
28780 John R Rd, Madison Heights, MI 48071-2800
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0278403
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Total area
8,872 SF
Lot
0.37 ac (16,117 SF)
Zoning code
B-3 GEN
APN
44-25-13-101-040
UPID
US43-0278403
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
-
Oringer Richard M DDS Dental Office
-
Khedher Hawazin DDS Dental Office
-
Dr. Milad Fadholi, DDS Dental Office
-
Dhillon Shubhpreet DDS Dental Office
-
Chai Young a DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$697k
Blend (final)
Blend
$625k
Owner & transaction history
Gennaccaro Equities LLC · 13 yrs held
Gennaccaro Equities LLC
since 2013
3 recorded transactions
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$70 / 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
$9,592
Tax year 2023
Assessed value
$206,560
Assessed 2024
Previous assessed
$199,560
+3.5% YoY
Effective rate
4.64%
On assessed value
Total market value
$413,120
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1957
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
8,872 SF
Lot
0.37 ac (16,117 SF)
Zoning code
B-3 GEN
APN
44-25-13-101-040
UPID
US43-0278403
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.
Building & site characteristics
From public records
Year built
1957
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Gennaccaro Equities LLC
Entity
Free & Clear · 13 yrs held
Mailing address
2316 SPG LK LN, BRIGHTON, MI 48114-9285
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2013
$200,000
Gennaccaro Equities LLC
University Bk
Warranty Deed
—
Feb 29, 2012
—
University Bk
Kramer,richard L & Maureen H
Quit Claim Deed
related
—
Sep 25, 2001
$375,000
Richard L Kramer
Lawrence Associates INC
Grant Deed
$295,000 · University 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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