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    29051 Dequindre Rd Madison Heights, MI 48071
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    Property profile & analytics

    29051 Dequindre Rd Madison Heights, MI 48071

    View on Map
    • Super regional malls
    • 45,762 SF
    • 3.63 lot acres
    For Lease
    $2,960,000
    View Listing →
    Madison Manor Retail and Flex For Lease
    $2,960,000
    8,200 SF

    Madison Manor Retail and Flex

    Retail, flex, and office spaces available for lease.

    29051 Dequindre Rd, Madison Heights, MI 48071
    View Listing
    Property ID
    US43-0206759
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • O'Reilly Auto Parts / Auto Parts Store

    Property Details for 29051 Dequindre Rd

    Year built
    1960
    Lot size
    3.63 lot acres
    Property size
    45,762 SF
    Zone code
    B-2 PLA
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    44-25-12-478-195
    APU
    442512478195

    Description

    Madison Manor, located at 29051 Dequindre Rd in Madison Heights, Michigan, 48071, offers exceptional retail space opportunities. This shopping center presents three available units ranging in size from 500 square feet to a substantial 8,200 square feet, catering to a variety of business needs. One particularly attractive space is a 1,000 square foot office, ideal for administrative functions or a corporate presence within the center. Another noteworthy option is a 500 square foot retail/flex space, featuring a convenient roll-up door for easy loading and unloading, and boasting impressive 15-foot clear ceiling height. This space is perfect for businesses requiring ample storage or specialized equipment. The property's prime location in Madison Heights ensures high visibility and accessibility for customers. The diverse range of space sizes available makes Madison Manor an attractive prospect for both established businesses seeking expansion and new ventures looking for a well-situated retail location. This is a fantastic opportunity to secure a space in a thriving commercial area. Contact us today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,964,000
      Market price range: $2.56M - $6.35M
      AI Estimate
      $1,951,000
      Market price range: $1.07M - $3.25M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,260,000
      Current use
      WAREHOUSE, STORAGE
      $3,730,000
      Change: -12% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Oakland
    State
    Michigan
    Longitude
    -83.0865
    Latitude
    42.5064
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $75,724
    $0.00
    $0.00
    $1,888,770
    -
    $0.00
    $0.00
    $3,777,540

    Comparable in this City

    • Value Estimation
      $4,620,000
      89,018 SF

      1431 14th Mile Rd, Unit 1495

      REGIONAL SHOPPING CENTER, MALL • 89,018 SF
      1431 14th Mile Rd, Madison Heights, MI 48071-1055
      View Details
    • Value Estimation
      $1,130,000
      10,760 SF

      12 14th Mile Rd, Unit 56

      REGIONAL SHOPPING CENTER, MALL • 10,760 SF
      12 14th Mile Rd, Madison Heights, MI 48071-1301
      View Details
    • Value Estimation
      $1,020,000
      24,852 SF

      31632 John R Rd Ste B

      REGIONAL SHOPPING CENTER, MALL • 24,852 SF
      31632 John R Rd Ste B, Madison Heights, MI 48071-4618
      View Details
    • Value Estimation
      $1,110,000
      15,860 SF

      30481 John R Rd, Unit 30575

      REGIONAL SHOPPING CENTER, MALL • 15,860 SF
      30481 John R Rd, Madison Heights, MI 48071-2126
      View Details
    • Value Estimation by Request
      4,275 SF

      101 13th Mile Rd, Unit 141

      REGIONAL SHOPPING CENTER, MALL • 4,275 SF
      101 13th Mile Rd, Madison Heights, MI 48071-1857
      View Details
    • Value Estimation
      $1,375,000
      17,375 SF

      31075 John R Rd

      REGIONAL SHOPPING CENTER, MALL • 17,375 SF
      31075 John R Rd, Madison Heights, MI 48071-2000
      View Details

    Similar Nearby for Sale

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      38,000 SF

      Fully Occupied Retail Center

      Neighborhood retail center in Madison Heights, Michigan for sale.
      29048-29098 N Campbell Rd, Madison Heights, MI 48071
      View Details
    • New
      Contact for pricing
      71,647 SF

      Retail Space in Madison Heights

      Retail space available for lease in Madison Heights, Michigan.
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      71,647 SF

      Madison Heights Retail Center For Sale

      Well-located retail center anchored by Asian grocer in Madison Heights.
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      3,360 SF

      Retail Space For Sale

      3,360 SF retail space available for purchase.
      25402 John R Rd, Madison Heights, MI 48071
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      Madison Heights Freestanding Retail Building

      3,500 SF building near I-75 and Oakland Mall.
      Madison Ave, Madison Heights, MI 48071
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      3,500 SF

      Madison Heights Freestanding Retail Building

      3,500 SF freestanding building in Madison Heights for sale.
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    Similar Nearby for Lease

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      Freestanding Retail on John R

      Freestanding 3,600 SF retail building with parking and high traffic.
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      Retail, Office, Medical Space Available

      Upgraded retail, office, and medical spaces for lease.
      1321-1325 W Fourteen Mile Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing
      5,134 SF

      Retail Space on John R Road

      5,134 SF retail space with abundant parking.
      27117 John R Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing

      Madison Manor Retail and Flex

      Retail, flex, and office spaces available for lease.
      29051 Dequindre Rd, Madison Heights, MI 48071
      View Details
    • Contact for pricing

      Madison Heights Commercial Property Available

      Commercial property available for rent in Madison Heights, Michigan.
      27483 Dequindre Madison, Madison Heights, MI 48071
      View Details
    View Listing
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    Madison Heights, MI 48071
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    29051 Dequindre Rd, Madison Heights, MI, 48071
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