Property profile

31750 Sherman Ave Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-1567752
42,121 SF 2.31 ac lot Built 1981
Entity Owned 28-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1981
Total area 42,121 SF
Lot 2.31 ac (100,624 SF)
Zoning code M-1 LT
APN 44-25-01-428-012
UPID US43-1567752

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
  • Industrial Manufacturer Production Facility
  • Professional Services
  • Electrical Service General Contractor

Location

31750 Sherman Ave Madison Heights, MI 48071-1453
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
$3.13M
Blend (final) Blend
$3.14M

Owner & transaction history

since 1998
1 recorded transaction
1998
Price N/A

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Auto repair, garage $5.2M +63.1%
Office building $4.9M +56.0%
Neighborhood: shopping center $3.9M +23.8%

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?”
You own 31750 Sherman Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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