Strip Mall with UPS Store
34873-34877 Mound Road, Sterling Heights, MI 48310
For Sale
Contact for pricing
Retail space is available within a multi-tenant center with an established UPS Store anchor.
Property Size2,000 SF
Price / SF$0.75
Days on Market50
Property Features for 34873-34877 Mound Road
General Information
Standard status
Size
Building Details
Tenancy
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Alexander Termini · License MI #6501392648
(586) 291-0499
Source:
Brendaharrisgroup
Added: Sep 22
Changed: Oct 25
Last Checked: Nov 10 at 8:24AM
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 Pilot Property Group - Residential LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant strip mall includes available retail space alongside a UPS Store anchor. A 2,000-square-foot unit is offered, and a larger unit is also available for businesses seeking additional area.
The property is located at 34873-34877 Mound Road in Sterling Heights, Michigan. The center provides a retail setting with multiple tenants and available space in more than one size.
The property is located at 34873-34877 Mound Road in Sterling Heights, Michigan. The center provides a retail setting with multiple tenants and available space in more than one size.
Key Highlights
- UPS Store serves as the center’s anchor tenant
- 2,000‑square‑foot retail unit available
- Larger unit also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,035
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,700
$480.7K
Cap Rate 7%
$343,357
$343.4K
Cap Rate 9%
$267,056
$267.1K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$37.2K $18.60/SF
− Vacancy
−$2.9K −$1.43/SF
EGI
$34.3K $17.17/SF
− OpEx
−$10.3K −$5.15/SF
NOI
$24.0K $12.02/SF
Area
Sterling Heights, MI
Vacancy
7.70%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,700
Cap Rate 7%
$343,357
Cap Rate 9%
$267,056
Alternative Uses
Best Use
Retail
$343.4K
$300.4K – $400.6K
NOI $24,035 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$441.2K
$386.1K – $514.8K
NOI $30,885 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 42%
BP
Shops & Services
12,003 visits/mo
0.1 miles
Burger King
Dining
8,433 visits/mo
0.2 miles
The UPS Store
Shops & Services
5,478 visits/mo
0.1 miles
Hardee's
Dining
3,369 visits/mo
0.2 miles
Buscemi's
Dining
1,833 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Strip mall - Retail space is available within a multi-tenant center with an established UPS Store anchor.
Where is this strip mall located?
The property is located at 34873-34877 Mound Road Sterling Heights, MI.
What are key features of this property?
This property features: UPS Store serves as the center’s anchor tenant; 2,000‑square‑foot retail unit available; Larger unit also available
