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Property profile & analytics
FOR LEASE
Super regional malls
31075 John R Rd, Madison Heights, MI 48071-2000
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0033942
For Lease
1 / 5
$15 SF/Yr
31075 John R Rd, Madison Heights, MI 48071-2000
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Property summary
AI-generated overview
Red Oak Plaza, a single-story, Class C retail strip center, offers exceptional leasing opportunities in Madison Heights, Oakland County. This 18,000 square foot property, built in 1990, features three suites with a minimum divisible space of 1,800 square feet and a maximum contiguous space of 4,400 square feet. Currently, 7,950 square feet are available for lease. The center boasts a highly visible location on John R Road, directly across from a Sam's Club, ensuring significant foot traffic and brand recognition. Recent facade improvements enhance the property's curb appeal. The B-1 Commercial zoning allows for a variety of retail uses. Monument signage is available, providing excellent opportunities for tenant branding. The property's location within a trade area featuring numerous national retailers further strengthens its appeal. The APN is 25-02-478-021. This is an ideal location for businesses seeking high visibility and strong potential for growth in a well-established retail corridor. Contact us today to learn more about leasing opportunities at Red Oak Plaza.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1989
Total area
17,375 SF
Lot
1.47 ac (64,033 SF)
Zoning code
B-1 LOC
APN
44-25-02-478-021
UPID
US43-0033942
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
-
Interstate Wireless Accessories Computer & Electronic Repair Tech Support Center
-
Amazon Counter - INTERSTATE WIRELESS ACCESSORY Courier Service Postal Service
-
Gong Cha Cafe & Coffee Shop
-
UN Beauty Supply Cosmetic Store
-
Batteries Plus Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$1.38M
Owner & transaction history
South Lyon Co LLC · 6 yrs held
South Lyon Co LLC
since 2019
4 recorded transactions
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+31.7%
Office building
$2.0M
+26.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,615,000
Current use
AUTO REPAIR, GARAGE
$2,130,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$2,040,000
Change: +26% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,415,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$79 / 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
$48,570
Tax year 2023
Assessed value
$879,010
Assessed 2024
Previous assessed
$857,520
+2.5% YoY
Effective rate
5.53%
On assessed value
Total market value
$1,758,020
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1989
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
17,375 SF
Lot
1.47 ac (64,033 SF)
Zoning code
B-1 LOC
APN
44-25-02-478-021
UPID
US43-0033942
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-1 LOC · Madison Heights, MI
Zoning B-1 LOC · permitted uses
B-1 LOC · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1989
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
South Lyon Co LLC
Entity
Mailing address
47448 PONTIAC TRL #285, WIXOM, MI 48393-2558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2019
$1,800,000
South Lyon Co LLC
Hp Estate LLC
Warranty Deed
—
Apr 4, 2016
—
South Lyon Co LLC
Hp Estate LLC
Quit Claim Deed
—
Sep 20, 2007
$1,250,000
H P Estate LLC
Tec Investment Co LLC
Warranty Deed
$1,000,000 · Fidelity Bank
Jun 15, 2000
—
Tec Investment Co LLC
—
Deed Of Trust
related
$9,530,000 · Comerica 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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