Hi-Tech Office and Warehouse
For Sale
$9,995,000
35801 Mound Rd, Sterling Heights, MI 48310
Corporate hi-tech office and warehouse building with furnished suites available.
Property Size94,209 SF
Price / SF$183.42
Days on Market215
Property Features for 35801 Mound Rd
General Information
Standard status
Active
Size
94,209 SF
Class
B
Property subtype
Office/High-Tech/Mixed Use
Building Details
Building Size
94,209 SF
Year Built
1991
Listed By:
Al Iafrate, SIOR
(313) 590-7021
Source:
Corfac
Added: Mar 5
Changed: Aug 16
Last Checked: Aug 14 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Al Iafrate, SIOR
Investment Insights
Based on property information with market context.
This corporate hi-tech office building, located at 15 Mile & Mound, offers furnished office suites ranging from 4,540 to 54,492 RSF. The property also includes a 20,000 sq ft 100% air-conditioned high-bay warehouse/research space. It is professionally managed and provides excellent freeway access.
Key Highlights
- Plug & Play Furnished Office Suites offering from 4,540 to 54,492 RSF
- 20,000 Sq. Ft. 100% Air Conditioned High‑Bay Warehouse/Research Space Available
- Excellent Freeway Access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$629,386
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,587,720
$12.6M
Cap Rate 7%
$8,991,229
$9.0M
Cap Rate 9%
$6,993,178
$7.0M
Market Conditions
NOI Build-Up for 54,492 SF
Gross rent
$954.7K $17.52/SF
− Vacancy
−$115.5K −$2.12/SF
EGI
$839.2K $15.40/SF
− OpEx
−$209.8K −$3.85/SF
NOI
$629.4K $11.55/SF
Area
Sterling Heights, MI
Vacancy
12.10%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,587,720
Cap Rate 7%
$8,991,229
Cap Rate 9%
$6,993,178
Alternative Uses
Best Use
Office B
$8.99M
$7.87M – $10.49M
NOI $629,386 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.02M
$10.52M – $14.02M
NOI $841,480 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
571
Businesses Nearby
Explore this area
Business Placement
Demographics for 48310, MI
43,709
Population
15,399
Households
2.8
Avg Household Size
41
Median Age
28%
College-Educated
83%
High-School Grad
8.8 sq mi
ZIP Area
4,967
Density / Sq Mi
$77,851
Median Household Income
$35,457
Median Earnings
$1,368
Median Rent
$263,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Corporate hi-tech office and warehouse building with furnished suites available.
Where is this office building located?
The property is located at 35801 Mound Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: Plug & Play Furnished Office Suites offering from 4,540 to 54,492 RSF; 20,000 Sq. Ft. 100% Air Conditioned High‑Bay Warehouse/Research Space Available; Excellent Freeway Access
