Property profile

30728 John R Rd Madison Heights, MI 48071

OFF-MARKET
Other specialty properties
Property ID
US43-5188227
2,592 SF 1.05 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a nearly 5,000-square-foot commercial building on a 1.05-acre corner lot located on John R Road, south of 13 Mile in Madison Heights, with proximity to I-75. It is zoned B1-LOC and is suitable for a range of commercial uses, including a high-rise building, strip plaza, child care facility, or a medical office. The structure is arranged on two levels and includes a finished basement, and it has a parking lot. The building has undergone updates including a newer furnace and recent interior and/or exterior paint, and it has historically been used for recreational activities.

Property profile

Verified
Property type Other specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Total area 2,592 SF
Lot 1.05 ac (45,738 SF)
Zoning code B-1 LOC
APN 44-25-12-101-057
UPID US43-5188227

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
  • Church
  • Christmas Tree Farm Christmas Market

Location

30728 John R Rd Madison Heights, MI 48071-2129
Madison Heights metro Census 181200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$715k

Owner & transaction history

since 2023
Last sale
$625,000
2 recorded transactions
2023
$625,000
2003
Price N/A

Zoning & alternative use

B-1 LOC · Madison Heights, MI
Top alternative use upside
Commercial (general) $455,000 +199.5%
Retail stores $440,000 +187.0%
Medical building $410,000 +168.4%

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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