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For Sale
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32471 Industrial Dr, Madison Heights, MI 48071
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Property summary
AI-generated overview
This exceptional 52,360-square-foot warehouse, located at 32471 Industrial Drive in Madison Heights, Michigan, presents a significant opportunity for businesses seeking a substantial industrial space. Built in 1967 and extensively renovated in 2022, the property boasts a single-tenant occupancy and sits on a generous 3.07-acre lot. The warehouse features a 27-foot ceiling height, providing ample vertical storage capacity. Access is convenient with two drive-in doors and ample parking for 130 vehicles. The property is zoned IND M-1, ensuring flexibility for a variety of industrial uses. Power is robust, with 2000 amps of 480-volt power available. The building is a single-story structure, simplifying operations and logistics. Located in the Royal Oak Vicinity submarket of Oakland County, this warehouse offers easy access to major transportation routes and a skilled workforce. The entire 52,360 square feet is currently vacant, providing immediate occupancy for a new tenant. This property is an ideal solution for businesses requiring a large, well-maintained, and strategically located warehouse space. The recent renovations ensure modern functionality and efficiency.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1967
Total area
53,135 SF
Lot
3.07 ac (133,729 SF)
Zoning code
M-1 LT
APN
44-25-01-202-019
UPID
US43-5181349
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
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.07M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
M-1 LT · Madison Heights, MI
Top alternative use upside
Auto repair, garage
$6.5M
+63.1%
Office building
$6.2M
+56.0%
Neighborhood: shopping center
$4.9M
+23.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$4.07M
Value range
$3.66M – $4.47M
±10% around blend
Estimated value / SF
$77 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
$3.66M
blend $4.07M
$4.47M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
53,135 SF
Lot area
3.07 ac
Year built
1967
Stories
1
APN
44-25-01-202-019
Zoning
M-1 LT
Assessed value
$1,585,700
Annual tax
$93,585
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.67M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.7 mi away · 40,000 SF
15.6 mi away · 49,126 SF
20.7 mi away · 44,708 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$4.07M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 40 sales
$75
+2%
Submarket 40 sales
$75
+2%
County 341 sales
$81
-6%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $77/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+63%
vs current-use indication
Office Building
Neighborhood: Shopping Center
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.59M
Move the market yield to see immediate price impact.
Value / SF
$30
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$100k
$2.00M
$1.43M
$1.11M
$111k
$2.22M
$1.59M
$1.23M
$122k
$2.44M
$1.74M
$1.36M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$3.90M
5.7 mi · Jan 2026 · $100/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$93,585
Tax year 2023
Assessed value
$1,585,700
Assessed 2024
Previous assessed
$1,458,030
+8.8% YoY
Effective rate
5.90%
On assessed value
Total market value
$3,171,400
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1967
Heating
SPACE
Cooling
YES
Stories
1
Units
1
Total area
53,135 SF
Lot
3.07 ac (133,729 SF)
Zoning code
M-1 LT
APN
44-25-01-202-019
UPID
US43-5181349
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 LT · Madison Heights, MIZoning M-1 LT · permitted uses
M-1 LT · Madison Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Heating
SPACE
Cooling
Yes
Stories
1
Units
1
Lot
3.07 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1 LT
Jurisdiction
Madison Heights, MI
Recorded code
M-1 LT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M-1 LT in Madison Heights, MI.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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