30755 Montpelier DrMadison Heights, MI 48071

Property Details for 30755 Montpelier Dr

Year built

1990

Lot size

3.52 AC

Property size (Sq ft)

25,944 SF

Zone code

0-1 OFF

Property type

Office buildings

APN

44-25-11-201-037

APU

442511201037

Description

This exceptional 26,595 square foot Class C executive office building, located at 30755 Montpelier in Madison Heights, Michigan (48071), presents a compelling investment opportunity. Built in 1990, the single-story structure sits on a 3.44-acre lot and boasts ample parking with 200 spaces. Currently tenanted by the Michigan Department of Health & Human Services under a lease with 10 years remaining, this property offers significant stability and predictable income. The projected Net Operating Income (NOI) for 2022 is $304,775. A notable feature is a built-in rent increase of twelve percent (12%) scheduled for 2027, ensuring future growth potential. The property is zoned O-1 Office Service and benefits from a convenient location off I-75, providing excellent accessibility. The building is in excellent condition, requiring zero deferred maintenance, minimizing immediate capital expenditures. The asking price is $4,350,000. This is a rare opportunity to acquire a well-maintained, high-performing office building with a strong tenant and long-term lease in a desirable location. The APN is 25-11-201-037.

• CAP approach

  CAP return

  Valuation

  6%

  $5,395,973

  6.5%

  $4,980,898

  7%

  $4,625,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,426,802

  Geo Method

  $2,426,802

• Alternative Use

  Use

  Valuation

  Residential

  $6,176,314

  Hospitality

  $5,657,470

  Educational

  $4,706,949

  Medical

  $4,868,828

  Retail

  $7,321,920

Location Insight

City

Madison Heights

County

Oakland

State

Michigan

Latitude

42.5176

Longitude

-83.1142

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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