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Property profile & analytics
OFF-MARKET
Estimated value
$1,020,000
Super regional malls
31632 John R Rd Ste B, Madison Heights, MI 48071-4618
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0985396
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1970
Total area
24,852 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B-3 GEN
APN
44-25-01-301-009
UPID
US43-0985396
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
-
MoneyGram Bank Credit Union
-
Edamame Sushi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.02M
Owner & transaction history
John R Square INC · 26 yrs held
John R Square INC
since 2000
7 recorded transactions
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±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
$41 / 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
$29,697
Tax year 2023
Assessed value
$627,890
Assessed 2024
Previous assessed
$607,950
+3.3% YoY
Effective rate
4.73%
On assessed value
Total market value
$1,255,780
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
Off-Market
Year built
1970
Heating
YES
Buildings
8
Stories
1
Units
1
Total area
24,852 SF
Lot
1.3 ac (56,628 SF)
Zoning code
B-3 GEN
APN
44-25-01-301-009
UPID
US43-0985396
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Zoning B-3 GEN · permitted uses
B-3 GEN · 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.
Building & site characteristics
From public records
Year built
1970
Heating
YES
Stories
1
Buildings
8
Units
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
John R Square INC
Entity
Mailing address
30600 NORTHWESTERN HWY STE #310, FARMINGTON HILLS, MI 48334-3171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2021
—
John R Square INC
—
Deed
related
$1,700,000 · Flagstar Bank Fsb
Nov 18, 2016
—
John R Square INC
—
Deed
related
$2,000,000 · Bank Of Ann Arbor
Mar 30, 2000
$2,200,000
John R Square INC
John R Square Associates LP
Grant Deed
related
$125,000 · Individual
Feb 3, 2000
—
John R Square INC
—
Deed Of Trust
related
$1,575,000 · Michigan National Bank
—
—
John R Square INC
—
Deed Of Trust
related
$1,600,000 · Cornerstone Cmnty Fin'l FCU
—
—
John R Square INC
—
Deed Of Trust
related
$2,000,000 · Bank Of Ann Arbor
—
—
John R Square Associates Ltd P
—
Deed Of Trust
related
$970,000 · Michigan National 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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