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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
520 12th Mile Rd, Madison Heights, MI 48071-2517
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5199203
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Odaro Management LLC · 2 yrs held
Odaro Management LLC
since 2024
Last sale
$705,000
7 recorded transactions
Zoning & alternative use
O-1 OFF · Madison Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+34.6%
Auto repair, garage
$860,000
+4.5%
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
$705,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$820,000
Current use
MEDICAL BUILDING
$1,105,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$860,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $705k (Jan 22 2024)
Last sale anchor
$705k
Jan 22 2024
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
$101 / 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
$21,442
Tax year 2023
Assessed value
$341,490
Assessed 2024
Previous assessed
$337,670
+1.1% YoY
Effective rate
6.28%
On assessed value
Total market value
$682,980
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
YES
Buildings
3
Stories
1
Units
1
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
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 OFF · Madison Heights, MI
Zoning O-1 OFF · permitted uses
O-1 OFF · 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
OFFICE BUILDING Current
Est. value
$820,000
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$860,000
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Heating
YES
Stories
1
Buildings
3
Units
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Odaro Management LLC
Entity
Free & Clear · 2 yrs held
Mailing address
13013 PEBBLE CRK DR, PLYMOUTH, MI 48170-5200
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2024
$705,000
Odaro Management LLC
M&b 12 Mile Investment LLC
Deed
—
Aug 31, 2023
—
Odaro Management LLC
M & B12 Mile Investment LLC
Land Contract
—
Aug 31, 2023
$600,000
M & B 12 Mile Investment LLC
Scorpio Investments LLC
Warranty Deed
—
Dec 14, 2021
—
M & B 12 Mile Investments LLC
Scorpio Investments LLC
Land Contract
—
May 5, 2016
—
Scorpio Investments LLC
—
Deed
related
—
Nov 30, 2004
$20,000
Scorpio Investments LLC
Reed,ronald & Phadia
Warranty Deed
—
—
—
Scorpio Investments LLC
—
Loan Modification
related
$1,200,000 · Main Street Bk
—
—
Scorpio Invs LLC
—
Deed Of Trust
related
$700,000 · Oakland Commerce Bank
—
—
Scorpio Investments LLC
—
Loan Modification
related
—
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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