Property profile

32801 Edward Ave Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-1787419
14,350 SF 1 ac lot Built 1973
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1973
Total area 14,350 SF
Lot 1 ac (43,560 SF)
Zoning code M-1 LT
APN 44-25-01-102-012
UPID US43-1787419

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
  • Industrial Manufacturer Production Facility

Location

32801 Edward Ave Madison Heights, MI 48071-1450
Madison Heights metro Census 981200 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
$1.06M
Blend (final) Blend
$365k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Office building $1.7M +56.0%
Neighborhood: shopping center $1.3M +23.8%

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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