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Property profile & analytics
OFF-MARKET
Estimated value
$8,465,000
Manufacturing properties
32565 Dequindre Rd, Madison Heights, MI 48071-1520
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5281535
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1965
Total area
144,520 SF
Lot
4.56 ac (198,634 SF)
Zoning code
M-1 LT
APN
44-25-01-226-011
UPID
US43-5281535
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.46M
Blend (final)
Blend
$8.47M
Owner & transaction history
32565 Dequindre Road LLC · 1 yrs held
32565 Dequindre Road LLC
since 2025
7 recorded transactions
Zoning & alternative use
M-1 LT · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$13.5M
+23.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Madison Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$10,865,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$13,450,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$8.47M
Range $7.62M – $9.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$59 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,031
Tax year 2023
Assessed value
$2,622,380
Assessed 2024
Previous assessed
$2,409,250
+8.8% YoY
Effective rate
2.98%
On assessed value
Total market value
$5,244,760
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1965
Heating
GAS
Stories
1
Units
1
Total area
144,520 SF
Lot
4.56 ac (198,634 SF)
Zoning code
M-1 LT
APN
44-25-01-226-011
UPID
US43-5281535
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 LT · Madison Heights, MI
Zoning M-1 LT · permitted uses
M-1 LT · Madison Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Madison Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.5M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
GAS
Stories
1
Units
1
Lot
4.56 ac
Current owner
From public records · entity-resolved
32565 Dequindre Road LLC
Entity
Mailing address
18 WINDEMERE PL, GROSSE POINTE FARMS, MI 48236-3078
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
32565 Dequindre Road LLC
—
Deed
related
$14,000 · Comerica Bank
Jan 8, 2025
—
32565 Dequindre Road LLC
Howard Properrties LLC
Warranty Deed
$14,000 · Comerica Bank
Apr 21, 2017
—
Howard Properties LLC
—
Deed
related
$345,000 · Jeffrey C Mertz
May 11, 2016
—
Howard Properties LLC
—
Deed
related
$1,364,051 · Bc 30 LLC
Jan 30, 2003
—
Howard Properties LLC
Howard Finishing LLC
Quit Claim Deed
related
—
Nov 18, 1999
—
Howard Plating Industries INC
—
Deed Of Trust
related
$80,000,000 · Banc America Commercial Fin Tt
—
—
Howard Properties LLC
—
Deed Of Trust
related
$280,000 · Mertz Alyssa K Living Trust
—
—
Howard Properties LLC
—
Deed Of Trust
related
$350,000 · Jeffrey C Mertz
—
—
Howard Properties LLC
—
Deed Of Trust
related
$1,364,051 · Bc 30 LLC
—
—
Howard Acquisition Group LLC
—
Deed Of Trust
related
$3,600,000 · Fifth Third Bank Eastern Mi
—
—
Howard Properties LLC
—
Deed Of Trust
related
$345,000 · Jeffrey C Mertz
—
—
Howard Properties LLC
—
Deed Of Trust
related
$1,400,000 · Jeffrey C Mertz
—
—
Howard Properties LLC
—
Deed Of Trust
related
$500,000 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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