Property profile

31431 John R Rd Madison Heights, MI 48071

FOR LEASE
Warehouses
Property ID
US43-1137644
10,955 SF 0.89 ac lot Built 1987
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

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

Current use

Occupant on record · Public records
  • Garden Center
  • (Bike/Boat/Book/etc) Store
  • Advertising Agency Marketing & Advertising

Location

31431 John R Rd Madison Heights, MI 48071
Madison Heights metro Census 181001 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$953k
Blend (final) Blend
$800k

Owner & transaction history

since 2017
3 recorded transactions
2017
$820,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 LOC · Madison Heights, MI
Top alternative use upside
Auto repair, garage $1.3M +50.3%
Office building $1.3M +43.8%
Neighborhood: shopping center $1.0M +14.1%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message