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Property profile & analytics
OFF-MARKET Estimated value $680,000
Medical Office Space

32600 John R Rd Madison Heights, MI 48071-1338

4,570 SF 0.37 ac lot Built 1988
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1692539
Property summary
AI-generated overview

This 4,560 square foot freestanding retail building is located at 32600 John R Road in Madison Heights, Michigan, 48071. Situated directly across from Oakland Mall Shopping Center, this single-tenant property benefits from high foot traffic and visibility. The building, constructed in 1988, sits on a 0.37-acre lot and is zoned B-3. Its prime location on John R Road, a major thoroughfare with over 33,300 vehicles daily, ensures excellent exposure. Convenient access to I-75 provides easy commuting for customers and employees. The property's location within the Royal Oak submarket offers access to neighboring cities like Royal Oak, Troy, and Sterling Heights, further enhancing its commercial viability. The building is a single-story structure with no elevators. The entire 4,560 square feet is currently vacant, presenting a unique opportunity for a business seeking a high-traffic location in a thriving retail area. This property offers significant potential for a variety of retail uses.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1988
Total area 4,570 SF
Lot 0.37 ac (16,117 SF)
Zoning code B-3 GEN
APN 44-25-01-151-062
UPID US43-1692539
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
Current use
Occupant on record · Public records
  • AS Medical Group Madison Heights Urgent Care Medical Clinic
  • Maxem Health Urgent Care-Madison Heights Medical Clinic
  • Ali Shukr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$831k
Blend (final) Blend
$680k
Owner & transaction history
John R14 LLC · 8 yrs held
John R14 LLC
since 2017
5 recorded transactions
2017
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-3 GEN · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $805,000 +11.6%
Retail stores $770,000 +6.9%
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