Property profile

32511 Concord Dr Madison Heights, MI 48071

OFF-MARKET
Motels
Property ID
US43-0277226
32,640 SF 2.03 ac lot Built 1982
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1982
Total area 32,640 SF
Lot 2.03 ac (88,427 SF)
Zoning code B-3 GEN
APN 44-25-02-201-025
UPID US43-0277226

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
  • Hotel & Motel
  • Hotel & Motel

Location

32511 Concord Dr Madison Heights, MI 48071-1141
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
$792k
Blend (final) Blend
$2.55M

Owner & transaction history

since 2015
7 recorded transactions
2018
Price N/A
2015
Price N/A
2012
Price N/A
2011
Price N/A
2011
Price N/A
2007
Price N/A
2000
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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