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Property profile & analytics
OFF-MARKET
Estimated value
$3,185,000
Office buildings
30755 Montpelier Dr, Madison Heights, MI 48071-5110
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0027463
Property summary
AI-generated overview
This exceptional 26,595 square foot Class C executive office building, located at 30755 Montpelier in Madison Heights, Michigan (48071), presents a compelling investment opportunity. Built in 1990, the single-story structure sits on a 3.44-acre lot and boasts ample parking with 200 spaces. Currently tenanted by the Michigan Department of Health & Human Services under a lease with 10 years remaining, this property offers significant stability and predictable income. The projected Net Operating Income (NOI) for 2022 is $304,775. A notable feature is a built-in rent increase of twelve percent (12%) scheduled for 2027, ensuring future growth potential. The property is zoned O-1 Office Service and benefits from a convenient location off I-75, providing excellent accessibility. The building is in excellent condition, requiring zero deferred maintenance, minimizing immediate capital expenditures. The asking price is $4,350,000. This is a rare opportunity to acquire a well-maintained, high-performing office building with a strong tenant and long-term lease in a desirable location. The APN is 25-11-201-037.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Total area
25,944 SF
Lot
3.52 ac (153,331 SF)
Zoning code
0-1 OFF
APN
44-25-11-201-037
UPID
US43-0027463
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
-
UAW International Union Region 1 Advocacy Group
-
Department of Human Services Government Office Social Services Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.77M
Blend (final)
Blend
$3.19M
Owner & transaction history
Montpelier Investors LLC · 11 yrs held
Montpelier Investors LLC
since 2015
5 recorded transactions
Zoning & alternative use
0-1 OFF · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.6M
+50.2%
Restaurant
$4.5M
+47.6%
Retail stores
$4.4M
+43.9%
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
OFFICE BUILDING
$3,045,000
Current use
COMMERCIAL (GENERAL)
$4,570,000
Change: +50% · Conversion: Easy
RESTAURANT
$4,490,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$4,380,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$4,095,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,180,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±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
$123 / 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
$82,337
Tax year 2023
Assessed value
$1,503,250
Assessed 2024
Previous assessed
$1,468,880
+2.3% YoY
Effective rate
5.48%
On assessed value
Total market value
$3,006,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1990
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
25,944 SF
Lot
3.52 ac (153,331 SF)
Zoning code
0-1 OFF
APN
44-25-11-201-037
UPID
US43-0027463
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
0-1 OFF · Madison Heights, MI
Zoning 0-1 OFF · permitted uses
0-1 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
OFFICE BUILDING Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.5M
RETAIL STORES
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1990
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
3.52 ac
Current owner
From public records · entity-resolved
Montpelier Investors LLC
Entity
Mailing address
40 VARDA LNDG RD, SAUSALITO, CA 94965-1417
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Apr 19, 2022
—
Montpelier Investors LLC
—
Deed
related
$3,150,000 · Salal Cu
Jan 17, 2019
—
Montpelier Investors LLC
—
Deed
related
$2,450,000 · The State Bank
Jan 29, 2015
—
Montpelier Investors LLC
Sandquist,dean
Warranty Deed
$2,450,000 · Homebanc
Apr 25, 2005
$3,500,000
River Valley Investors LLC
Madison Square Partners LLC
Grant Deed
$2,625,000 · Key Bank NA
Dec 30, 2003
—
Madison Square Partners LLC
Union Building Corp
Grant Deed
$2,800,000 · Standard Federal 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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