Sterling Heights Professional Office
42301 Mound Rd, Sterling Heights, MI 48314
For Sale
$950,000
Custom-built office building in high-traffic Sterling Heights location.
Property Size2,400 SF
Lot Size0.62 Acres
Price / SF$198.29
Days on Market244
Property Features for 42301 Mound Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
M77 LLC
Listed By:
Evan Bassy · License #430019
(586) 663-0473
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 25 at 5:26AM
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 M77 LLC
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Investment Insights
Based on property information with market context.
This custom-built professional building, completed in 2017, is located in a high-traffic area of Sterling Heights. The stand-alone office building contains 4,791 square feet of space. The building is suitable for medical, legal, wellness, or corporate professionals. The layout adapts to various professional needs, including patient consultations, team operations, or private meeting areas. The property features a fully finished lower level with elevator access. The building is positioned along Mound Road, with an estimated 35,000+ vehicles passing by daily. The property offers exposure and signage potential, along with on-site parking and curb appeal. It is designed to support business growth.
Key Highlights
- High‑traffic location on Mound Road with 35,000+ vehicles passing daily, providing exceptional visibility.
- Custom‑built in 2017 with 4,791 sq ft of thoughtfully designed space suitable for various professional uses.
- Fully finished lower level with elevator access, ensuring seamless accessibility for all.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,336
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,720
$1.1M
Cap Rate 7%
$790,514
$790.5K
Cap Rate 9%
$614,844
$614.8K
Market Conditions
NOI Build-Up for 4,791 SF
Gross rent
$83.9K $17.52/SF
− Vacancy
−$10.2K −$2.12/SF
EGI
$73.8K $15.40/SF
− OpEx
−$18.4K −$3.85/SF
NOI
$55.3K $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%
$1,106,720
Cap Rate 7%
$790,514
Cap Rate 9%
$614,844
Alternative Uses
Best Use
Office B
$790.5K
$691.7K – $922.3K
NOI $55,336 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$924.8K – $1.23M
NOI $73,984 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Explore this area
Business Placement
Demographics for 48314, MI
21,614
Population
9,286
Households
2.3
Avg Household Size
44
Median Age
36%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
2,771
Density / Sq Mi
$80,383
Median Household Income
$46,481
Median Earnings
$1,397
Median Rent
$309,700
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Macomb County, MI
Properties on Market for Office buildings in Macomb County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Custom-built office building in high-traffic Sterling Heights location.
Where is this office building located?
The property is located at 42301 Mound Rd Sterling Heights, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑traffic location on Mound Road with 35,000+ vehicles passing daily, providing exceptional visibility.; Custom‑built in 2017 with 4,791 sq ft of thoughtfully designed space suitable for various professional uses.; Fully finished lower level with elevator access, ensuring seamless accessibility for all.
