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Property profile

32600 John R Rd Madison Heights, MI 48071

FOR LEASE
Medical Office Space
Property ID
US43-1692539
4,570 SF 0.37 ac lot Built 1988
Last sale Nov 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

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?
$20k
Tax billed · 2023
Assessed value · 2024$316k
Effective rate6.33%

Value estimate

· Oct 2026
$375k
$338k – $413k
Submarket $/SF estimate$831k
NOI build-up
Gross scheduled income$77k
Vacancy & credit loss−$7k
Operating expenses−$21k
NOI · 273,194.44% cap applied$49k

Realmo valuation models over county records and 21 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
County average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$99 – $228
Qualifying comparables21

Cap rate analysis

How does the asset earn?
273,194.44%
$49k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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

32600 John R Rd Madison Heights, MI 48071
County assessor Recorded deeds · 5 transfers 21 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

5 recorded sales · 16 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
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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