Property profile

859 Whitcomb Ave Madison Heights, MI 48071

OFF-MARKET
Manufacturing properties
Property ID
US43-0194919
7,842 SF 0.58 ac lot Built 1976
Entity Owned 26-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1976
Total area 7,842 SF
Lot 0.58 ac (25,265 SF)
Zoning code M-1 LT
APN 44-25-01-183-010
UPID US43-0194919

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

859 Whitcomb Ave Madison Heights, MI 48071-5609
Madison Heights metro Census 981200 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
$617k
Blend (final) Blend
$275k

Owner & transaction history

since 2000
1 recorded transaction
2000
$385,000

Zoning & alternative use

M-1 LT · Madison Heights, MI
Top alternative use upside
Auto repair, garage $960,000 +63.1%
Office building $920,000 +56.0%
Neighborhood: shopping center $730,000 +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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