Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    44501-44533 Schoenherr Rd Sterling Heights, MI 48313

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail and office spaces for lease near Lakeside Mall.

    Property Features for 44501-44533 Schoenherr Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1988

    We can help!

    Listing Contact
    Tony Gallo
    Source: Crexi

    Listing Agency: Gallo Companies LLC Listing Agent: Tony Gallo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Center Near Lakeside Mall

    Sterling Center is situated directly across from Lakeside Super-Regional Mall in Macomb County's primary retail area. The tenant mix includes DC Sports, America's Best Contacts & Eyeglasses, Lucky Tea Boba, Gotta Dance Studio, Innailvative Haus, Tricoci University, Heritage Church, and other businesses that generate significant traffic. The property is a mixed-use development center that includes a 129-unit award-winning luxury apartment building. The property features updated roofing, parking lot, landscaping, building awnings, and paint, all completed in 2024. Available spaces are suitable for retail and office use.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lakeside Mall, Eddie’s Quality Merchandise, Lakeside Mall - Food Court Upper Level, Sterling Center Shopping Center, Coinstar Kiosk - Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -82.993113
    Latitude
    42.623211

    Nearby Similar for Lease

    • $14 SF/Yr
      126,018 SF

      Sterling Heights Retail Space Available

      Retail and restaurant spaces in Sterling Place Plaza Shopping Center.
      37600 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • $958 /Mo
      1,050 SF

      Sterling Heights Office Space Available

      Office space for rent in Sterling Heights, Michigan.
      35147 Dodge Park Rd, Sterling Heights, MI 48312
      View Details
    • $18 SF/Yr
      41,003 SF

      Sterling Heights Retail Space Available

      Retail space available for lease in Sterling Heights, Michigan.
      44533 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • $2,566 /Mo

      Adaptable Commercial Space for Lease

      Versatile commercial space suitable for various professional and business uses.
      33241 Mound Rd, Sterling Heights, MI 48310
      View Details
    • $2,500 /Mo

      Spacious Office Building For Lease

      Well-maintained 2500 sq ft office with private entrance.
      34514 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • $4,125 /Mo

      Retail Space with Great Frontage

      Retail spaces available in plaza near golf course and healthcare.
      38169 Utica Rd, Sterling Heights, MI 48312
      View Details
    • $958 /Mo

      Sterling Heights Office Space Available

      Office space for rent in Sterling Heights, immediate possession.
      35147 Dodge Park Rd, Sterling Heights, MI 48312
      View Details
    • $1,100 /Mo

      Renovated Office Space Available

      Newly renovated office space with ample parking and signage rights.
      33200 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • Contact for pricing

      Sterling Heights Flex/Industrial Space Available

      Flex/industrial spaces available for lease in Sterling Heights, Michigan.
      7515-7665 19 Mile Rd, Sterling Heights, MI 48314
      View Details
    • $2,500 /Mo

      Spacious Office Building For Lease

      Well-maintained office building with private entrance, kitchen, and bathroom.
      34514 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • $9 SF/Yr

      Modern Industrial/Flex Facility Available

      Subdividable industrial/flex space with office, truck wells, and frontage.
      40800 Enterprise Dr, Sterling Heights, MI 48314
      View Details
    • $4,125 /Mo

      Retail Space Near Golf Course

      Retail spaces available in plaza near Rambler Gold Course.
      38169 Utica Rd, Sterling Heights, MI 48312
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail and office spaces for lease near Lakeside Mall.
    Where is this shopping center located?
    The property is located at 44501-44533 Schoenherr Rd Sterling Heights, MI.
    What are key features of this property?
    This property features: - Prime location directly across from Lakeside Super-Regional Mall (Anchored by Macy's).; - Strong mix of tenants including DC Sports, America's Best Contacts & Eyeglasses, Lucky Tea Boba, Gotta Dance Studio, Innailvative Haus, Tricoci University, and Heritage Church.; - Recent renovations completed in 2024: **new roof, parking lot, landscape, building awnings and paint.**
    Request Owner's contact information
    44501-44533 Schoenherr Rd Sterling Heights, MI 48313
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    44501-44533 Schoenherr Rd
    Sterling Heights, MI 48313
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    44501-44533 Schoenherr Rd Sterling Heights, MI 48313
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tony Gallo
    Real Estate License ID: 6504261359
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!