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Financial
Distress signals
Property profile

32500 John R Rd Madison Heights, MI 48071

FOR LEASE
Drive through restaurants
Property ID
US43-1385411
2,524 SF 0.6 ac lot Built 1985
Last sale Sep 2014 · $932,969
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
32500 John R Rd, Madison Heights, MI 48071 For Lease
$905,000 2,400 SF available
32500 John R Rd, Madison Heights, MI 48071
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Property summary

AI-generated overview

A free-standing commercial building configured with a drive-through window. The property provides approximately 2,400 square feet of floor area and sits on a 1.10-acre site with multiple curb cuts for vehicle access and circulation. The site features a signalized entrance and multiple access points and includes parking for 37 vehicles (about 13.9 spaces per 1,000 square feet). The property is zoned B-3 Regional Business and is suitable for a range of commercial uses consistent with that zoning designation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2024$329k
Effective rate4.75%

Value estimate

· Oct 2026
$905k
$815k – $996k
Submarket $/SF estimate$590k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$99 – $238
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-3 GEN
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency21.6
Law Firm16.3
Dental Office12.4

Location

32500 John R Rd Madison Heights, MI 48071
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
456 14th Mile, Madison Heights, MI 48071-1404 $1,325,000 Aug 2023 3,131 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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