Property profile

31771 Sherman Ave Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-1056583
13,969 SF 0.98 ac lot Built 1982
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1982
Total area 13,969 SF
Lot 0.98 ac (42,689 SF)
Zoning code M-1 LT
APN 44-25-01-427-021
UPID US43-1056583

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
  • Production Facility Factory
  • (Bike/Boat/Book/etc) Store
  • Production Facility Factory
  • Production Facility Factory

Location

31771 Sherman Ave Madison Heights, MI 48071-1428
Madison Heights metro Census 181001 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.07M
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2023
Last sale
$1.2M
3 recorded transactions
2023
$1.2M
2016
Price N/A
2008
Price N/A

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Auto repair, garage $1.7M +63.1%
Office building $1.6M +56.0%
Neighborhood: shopping center $1.3M +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
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