Stand-Alone Office Building with
For Sale
Contact for pricing
42301 Mound Road, Sterling Heights, MI 48314
Custom-built 2017 office with elevator-served finished lower level and exposure along a high-traffic corridor.
Property Size2,400 SF
Price / SF$395.83
Days on Market407
Property Features for 42301 Mound Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Office
Building Details
Year Built
2017
Listing Agency:
Lochirco Real Estate
Listed By:
Evan Bassy · License #430019
Source:
Crexi
Added: Jul 1, 2025
Changed: Aug 8
Last Checked: Aug 11 at 12:58PM
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 Lochirco Real Estate
Investment Insights
Based on property information with market context.
Introducing 42301 Mound Road, a custom-built stand-alone professional building completed in 2017. The property offers approximately 4,791 square feet of well-planned space designed for day-to-day client and team use. A fully finished lower level provides additional usable area, with elevator access to support seamless movement for staff and clientele across both floors.
Positioned along Mound Road in Sterling Heights, the building benefits from strong road visibility, with an estimated 35,000+ vehicles passing by daily. The site also includes ample on-site parking and presents with curb appeal suitable for professional tenants looking for durable, long-term functionality and clear exterior presence, including signage visibility along the corridor.
This building is a strong fit for professional uses that need both private and collaborative space, including medical, legal, wellness, or corporate offices. The two-floor configuration and elevator-served lower level can support patient or client consultations as well as private meeting and team operations, depending on how an organization needs to organize its workflow. As a for-sale offering, it presents an opportunity to acquire a purpose-built, office-ready facility tailored to premium client access.
Positioned along Mound Road in Sterling Heights, the building benefits from strong road visibility, with an estimated 35,000+ vehicles passing by daily. The site also includes ample on-site parking and presents with curb appeal suitable for professional tenants looking for durable, long-term functionality and clear exterior presence, including signage visibility along the corridor.
This building is a strong fit for professional uses that need both private and collaborative space, including medical, legal, wellness, or corporate offices. The two-floor configuration and elevator-served lower level can support patient or client consultations as well as private meeting and team operations, depending on how an organization needs to organize its workflow. As a for-sale offering, it presents an opportunity to acquire a purpose-built, office-ready facility tailored to premium client access.
Key Highlights
- Custom‑built office completed in 2017 with 4,791 SF of designed space
- Fully finished lower level with elevator access for staff and clientele across both floors
- Stand‑alone office building on Mound Road corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,205
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,100
$604.1K
Cap Rate 7%
$431,500
$431.5K
Cap Rate 9%
$335,611
$335.6K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$54.7K $22.80/SF
− Vacancy
−$4.4K −$1.82/SF
EGI
$50.3K $20.98/SF
− OpEx
−$20.1K −$8.39/SF
NOI
$30.2K $12.59/SF
Area
Sterling Heights, MI
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$604,100
Cap Rate 7%
$431,500
Cap Rate 9%
$335,611
Alternative Uses
Best Use
Healthcare Medical
$431.5K
$377.6K – $503.4K
NOI $30,205 @ 7.0% cap · market cap 3.18%
Second Best
Office B
$396.0K
$346.5K – $462.0K
NOI $27,720 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
309
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Custom-built 2017 office with elevator-served finished lower level and exposure along a high-traffic corridor.
Where is this office building located?
The property is located at 42301 Mound Road 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: Custom‑built office completed in 2017 with 4,791 SF of designed space; Fully finished lower level with elevator access for staff and clientele across both floors; Stand‑alone office building on Mound Road corridor
