33785 Van Dyke Ave, Sterling Heights, MI
Restaurant pad located in Sterling Ponds Shopping Center.
- Added:
- May 4, 2023
- Days on Market:
- 1142
- Last Refresh:
- May 20 at 9:36 pm
Property Features for 33785 Van Dyke Ave
General Information
- Standard status
- Active
- Size
- 4,997 SF
- Lot size
- 39.44 Acres
- Property subtype
- RETAIL
Listing agent Charles (Chuck) Howard License #6506044836 (248) 440-1447
Listing office Transwestern | Detroit (248) 440-1447
Listing date May 4, 2023
Source Moodyscre
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 Transwestern | Detroit
HighLights
- Anchored by Walmart in Sterling Ponds Shopping Center
- Located on the West Side of Van Dyke Avenue, North of 14 Mile Road
- Restaurant pad site
- Close proximity to GM Tech Center
- Close proximity to Chrysler
- Surrounded by many commercial businesses
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.9k | $18.60 |
| − Vacancy | −$7.2k | −$1.43 |
| EGI | $85.8k | $17.17 |
| − OpEx | −$21.4k | −$4.29 |
| NOI | $64.3k | $12.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0322
- Latitude
- 42.5428
