Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    36741-36765 Van Dyke Ave Sterling Heights, MI 48312

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr ($7,931 /Mo)

    3,525 SF medical space for lease in Sterling Heights.

    Property size:
    3,525 SF
    Lot size:
    5.58 Acres

    Property Features for 36741-36765 Van Dyke Ave

    General Information

    Size
    3,525 SF
    Lot size
    5.58 Acres

    We can help!

    Listing Contact
    David Long
    Source: Moodyscre

    Listing Agent: David Long

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Sterling Heights Medical Space Available

    This 3,525 square foot retail space, suitable for medical or healthcare purposes, is available for rent at $27.00 per square foot NNN. The property opened in 2018 and features six exam rooms, as well as dedicated X-ray, procedure, and lab rooms. The lease's LED is 3/31/2028. Floor plans are available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.030811
    Latitude
    42.563338

    Nearby Similar for Lease

    • New
      $14 SF/Yr
      126,018 SF

      Sterling Heights Retail Space Available

      Retail and restaurant spaces in Sterling Place Plaza Shopping Center.
      37600 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • $9 SF/Yr
      91,593 SF

      Modern Industrial/Flex Facility Available

      Subdividable industrial/flex space with office, truck wells, and frontage.
      40800 Enterprise Dr, Sterling Heights, MI 48314
      View Details
    • $10 SF/Yr
      10,852 SF

      Sterling Heights Manufacturing/Warehouse Space

      10,852 SF manufacturing/warehouse space with heavy power and office.
      35320 Beattie Dr, Sterling Heights, MI 48312
      View Details
    • Contact for pricing

      Sterling Heights Flex/Industrial Space Available

      Flex/industrial spaces available for lease in Sterling Heights, Michigan.
      7515-7665 19 Mile Rd, Sterling Heights, MI 48314
      View Details
    • $30 SF/Yr
      14,240 SF

      Sterling Heights Office/Retail Space

      Modern Office & Retail Suites Available
      5800 19 Mile Rd, Sterling Heights, MI 48314
      View Details
    • $20 SF/Yr
      5,122 SF

      Sterling Heights Retail Center

      High-traffic shopping center space available
      39036 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • $10 SF/Yr
      58,114 SF

      Sterling Heights Retail Center

      Prime Retail Space Available in Sterling Heights, MI
      39000 Van Dyke Ave, Sterling Heights, MI 48313
      View Details
    • $15 SF/Yr
      34,886 SF

      Lakeshore Plaza Retail Space For Lease

      Sterling Heights Shopping Center, Two Units Available
      43005-43095 Hayes Rd, Sterling Heights, MI 48313
      View Details
    • $17 SF/Yr
      1,774 SF

      Macomb County Medical Office Suite

      Move-in ready medical office space.
      34210 Ryan Rd, Sterling Heights, MI 48310
      View Details
    • Contact for pricing
      258,105 SF

      Sterling Heights Office Space For Lease

      Modern Office Suites, Abundant Parking
      44575-44833 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $18 SF/Yr
      8,512 SF

      County Line Plaza Retail Space

      Sterling Heights retail center, high visibility
      1999 15 Mile Rd, Sterling Heights, MI 48310
      View Details
    • $32 SF/Yr
      6,375 SF

      Sterling Heights Retail Space for Lease

      Prime Retail/Restaurant Space Available in Kroger Center
      43761 Schoenherr Rd, Sterling Heights, MI 48313
      View Details

    FAQs

    What type of property is this?
    Retail space - 3,525 SF medical space for lease in Sterling Heights.
    Where is this retail space located?
    The property is located at 36741-36765 Van Dyke Ave Sterling Heights, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - 3,525 SF of space; - Features 6 Exam Rooms; - Includes X-Ray, Procedure, and Lab Rooms
    (419) 283-7363
    Request Owner's contact information
    36741-36765 Van Dyke Ave Sterling Heights, MI 48312
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    36741-36765 Van Dyke Ave
    Sterling Heights, MI 48312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    36741-36765 Van Dyke Ave Sterling Heights, MI 48312
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Long
    (419) 283-7363
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.