Freestanding Storefront
For Sale
Contact for pricing
7750 Metropolitan Parkway, Sterling Heights, MI 48312
C-3-zoned retail property at 7750 Metropolitan Parkway with a former restaurant configuration.
Property Size7,475 SF
Price / SF$187.29
Days on Market9
Property Features for 7750 Metropolitan Parkway
General Information
Standard status
Active
Size
7,475 SF
Total Parking Spaces
111
Property subtype
Retail
Zoning
C-3
Lease Type
Absolute Net
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Landmark Commercial Real Estate Services
(313) 570-2026
Listed By:
Louis J. Ciotti · License #MI 6501335264
Source:
Crexi
Added: Aug 8
Changed: Aug 14
Last Checked: Aug 15 at 9:51AM
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 Landmark Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding storefront property is located at 7750 Metropolitan Parkway in Sterling Heights, Michigan. The building is identified as a former restaurant and carries C-3 zoning, providing a defined retail-oriented commercial profile. The reported property size is 7,475.
Key Highlights
- Freestanding storefront property
- Former restaurant building
- C‑3 zoning
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
$89,831
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
6.42%
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%
$1,796,620
$1.8M
Cap Rate 7%
$1,283,300
$1.3M
Cap Rate 9%
$998,122
$998.1K
Market Conditions
NOI Build-Up for 7,475 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
$139.0K $18.60/SF
− Vacancy
−$10.7K −$1.43/SF
EGI
$128.3K $17.17/SF
− OpEx
−$38.5K −$5.15/SF
NOI
$89.8K $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 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%
$1,796,620
Cap Rate 7%
$1,283,300
Cap Rate 9%
$998,122
Alternative Uses
Best Use
Retail
$1.28M
$1.12M – $1.50M
NOI $89,831 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,431 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
263k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 30%
Home Improvements & Furnishings 15%
Shops & Services 13%
Meijer
Groceries
80,170 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
39,580 visits/mo
0.3 miles
Culver's
Dining
23,009 visits/mo
0.3 miles
Taco Bell
Dining
21,805 visits/mo
0.3 miles
Starbucks
Dining
19,542 visits/mo
0.3 miles
Demographics for 48312, MI
34,854
Population
14,282
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
11.1 sq mi
ZIP Area
3,140
Density / Sq Mi
$71,266
Median Household Income
$40,488
Median Earnings
$1,176
Median Rent
$253,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Helen florist — 37730 Van Dyke Ave, Sterling Heights, MI 48312
Frequently Asked Questions
What type of property is this?
Storefront property - C-3-zoned retail property at 7750 Metropolitan Parkway with a former restaurant configuration.
Where is this storefront property located?
The property is located at 7750 Metropolitan Parkway Sterling Heights, MI.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: Freestanding storefront property; Former restaurant building; C‑3 zoning
