Property profile

31632 John R Rd Ste B Madison Heights, MI 48071

OFF-MARKET
Super regional malls
Property ID
US43-0985396
24,852 SF 1.3 ac lot Built 1970
Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Restaurant

Location

31632 John R Rd Ste B Madison Heights, MI 48071-4618
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
$1.39M
Blend (final) Blend
$375k

Owner & transaction history

since 2000
7 recorded transactions
2021
Price N/A
2016
Price N/A
2000
$2.2M
2000
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 GEN · 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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