Property profile

649 12th Mile Rd Madison Heights, MI 48071

OFF-MARKET
Medical Office Space
Property ID
US43-5281583
988 SF 0.1 ac lot
Individually Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Total area 988 SF
Lot 0.1 ac (4,356 SF)
Zoning code O-1 OFF
APN 44-25-12-376-018
UPID US43-5281583

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
  • Pediatrician Physician

Location

649 12th Mile Rd Madison Heights, MI 48071-2568
Madison Heights metro Census 181200 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k

Owner & transaction history

since 2022
Last sale
$173,000
7 recorded transactions
2022
$173,000
2022
Price N/A
2021
Price N/A
2021
$175,000
2021
$175,000
2021
Price N/A
2020
$150,000

Zoning & alternative use

O-1 OFF · Madison Heights, MI

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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