Property profile

31015 Stephenson Hwy Madison Heights, MI 48071

OFF-MARKET
Auto shops
Property ID
US43-0044307
1,232 SF 0.46 ac lot Built 1959
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1959
Total area 1,232 SF
Lot 0.46 ac (20,038 SF)
Zoning code B-1 LOC
APN 44-25-02-377-005
UPID US43-0044307

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
  • Gas Station

Location

31015 Stephenson Hwy Madison Heights, MI 48071-1601
Madison Heights metro Census 181100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k

Owner & transaction history

since 2024
Last sale
$695,000
7 recorded transactions
2024
$695,000
2024
$530,000
2021
Price N/A
2021
$605,000
2021
$350,000
2013
$350,000
2013
$325,000

Zoning & alternative use

B-1 LOC · 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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