Leased
39505 Mound Rd, Sterling Heights, MI 48310
For Sale
$179,900
A recent renovation and an existing long-term lease are in place.
Property Size1,240 SF
Price / SF$145.08
Days on Market14
Property Features for 39505 Mound Rd
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Tenant in Place
Listing Agency:
Keller Williams Lakeside
Listed By:
Andrew J Stadler · License #6501371063
(586) 532-0500
Source:
Exprealty
Added: Oct 27
Changed: Nov 7
Last Checked: Nov 8 at 11:40AM
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 Keller Williams Lakeside
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.
The storefront at 39505 Mound Rd in Sterling Heights has recently completed renovations. A long-term lease is already in place. The space was planned for use as a private event center or lounge, though no current use is specified.
The property is on Mound Rd, described as having high traffic counts, and sits directly across from the Ford Motor Plant.
The property is on Mound Rd, described as having high traffic counts, and sits directly across from the Ford Motor Plant.
Key Highlights
- Recently completed renovation
- Long‑term lease in place
- Planned for use as a private event center or lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,902
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,040
$298.0K
Cap Rate 7%
$212,886
$212.9K
Cap Rate 9%
$165,578
$165.6K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$23.1K $18.60/SF
− Vacancy
−$1.8K −$1.43/SF
EGI
$21.3K $17.17/SF
− OpEx
−$6.4K −$5.15/SF
NOI
$14.9K $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%
$298,040
Cap Rate 7%
$212,886
Cap Rate 9%
$165,578
Alternative Uses
Best Use
Retail
$212.9K
$186.3K – $248.4K
NOI $14,902 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$273.5K
$239.4K – $319.1K
NOI $19,148 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Electronics 11%
Shell
Shops & Services
6,958 visits/mo
0.4 miles
AT&T
Electronics
845 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
$263,100
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Macomb County, MI
Properties on Market for Storefront properties in Macomb County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - A recent renovation and an existing long-term lease are in place.
Where is this storefront property located?
The property is located at 39505 Mound Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Recently completed renovation; Long‑term lease in place; Planned for use as a private event center or lounge
