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Property profile

307 11th Mile Rd 315 Madison Heights, MI 48071

OFF-MARKET
Retail space
Property ID
US43-1099360
View Sample
3,000 SF 0.22 ac lot Built 1969
Entity Owned 1-yr Hold Absentee Owner Free & Clear

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Total area 3,000 SF
Lot 0.22 ac (9,583 SF)
Zoning code B-3 GEN
APN 44-25-13-358-032
UPID US43-1099360

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2024
5 recorded transactions
2024
$590,000
2024
$565,000
2024
$575,000
2012
$55,000
2001
$150,000

Zoning & alternative use

B-3 GEN · Madison Heights, MI

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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