Property profile

520 12th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Office buildings
Property ID
US43-5199203
6,996 SF 0.57 ac lot Built 2005
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Total area 6,996 SF
Lot 0.57 ac (24,829 SF)
Zoning code O-1 OFF
APN 44-25-13-104-008
UPID US43-5199203

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
  • Medical Clinic
  • Medical Clinic
  • Insurance Agency
  • Home Health Care Service

Location

520 12th Mile Rd Madison Heights, MI 48071-2517
Madison Heights metro Census 181300 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$857k
Blend (final) Blend
$705k

Owner & transaction history

since 2024
Last sale
$705,000
7 recorded transactions
2024
$705,000
2023
Price N/A
2023
$600,000
2021
Price N/A
2016
Price N/A
2004
$20,000
1969
Price N/A

Zoning & alternative use

O-1 OFF · Madison Heights, MI
Top alternative use upside
Medical building $1.1M +34.6%
Auto repair, garage $860,000 +4.5%

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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