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    Property profile & analytics
    OFF-MARKET Estimated value $955,000
    Warehouses

    31431 John R Rd, Madison Heights, MI 48071-4653

    10,955 SF 0.89 ac lot Built 1987
    Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-1137644
    Property summary
    AI-generated overview

    This exceptional single-tenant office space, located at 31431 John R Rd in Madison Heights, Michigan, offers 2,000 square feet of well-maintained office area. Ideal for a business seeking a dedicated, self-contained workspace, this traditional office building presents a fantastic opportunity. The property is situated in the 48071 zip code, providing convenient access to major roadways and local amenities. The building's single-tenant occupancy ensures privacy and control over the entire space. This is a perfect solution for businesses needing a dedicated office environment without the complexities of shared spaces. The property's location in Madison Heights offers a blend of suburban tranquility and easy access to the vibrant metropolitan area. This listing presents a rare opportunity to secure a substantial, well-located office space in a highly desirable area. The property is ready for immediate occupancy, allowing for a seamless transition for your business. Interested parties are encouraged to schedule a viewing to fully appreciate the potential of this exceptional office space. The property's traditional office layout provides a classic and functional workspace, suitable for a variety of business needs. With ample space and a convenient location, this property is an excellent investment for any growing business. The address is easily accessible and well-suited for both employees and clients. This single-tenant occupancy ensures a quiet and productive work environment.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1987
    Total area 10,955 SF
    Lot 0.89 ac (38,768 SF)
    Zoning code B-1 LOC
    APN 44-25-02-477-019
    UPID US43-1137644
    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
    • Edenz Hydro and Garden Superstore Garden Center
    • Brik's Cards and Collectibles (Bike/Boat/Book/etc) Store
    • My Brand Media Advertising Agency Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $953k
    Blend (final) Blend
    $955k
    Owner & transaction history
    H & G Property LLC · 8 yrs held
    H & G Property LLC
    since 2017
    3 recorded transactions
    2017
    $820,000
    1969
    1969
    Zoning & alternative use
    B-1 LOC · Madison Heights, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $1.3M +50.3%
    Office building $1.3M +43.8%
    Neighborhood: shopping center $1.0M +14.1%
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