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

    36851 Mound Rd Sterling Heights, MI 48310

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Neighborhood shopping center with good tenant mix in Sterling Heights.

    Type:Retail
    Property size:
    6,200 SF
    Added:
    Oct 28, 2024
    Days on Market:
    537
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 36851 Mound Rd

    General Information

    Standard status
    Active
    Size
    6,200 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Leo Gonzalez

    Listing agent Leo Gonzalez License #MI 6502126741

    Listing office CRS, Commercial Real Estate Services

    Listing date Oct 28, 2024

    Source Crexi

    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 CRS, Commercial Real Estate Services

    Overview

    Retail Shopping Center For Sale

    This neighborhood shopping center is regionally located at 16 Mile and Mound in Sterling Heights, Michigan. The property features a good tenant mix. There is ad value on renewals and replacing tenant mix. The property size is 6,200 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Accounting Firm

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

    Similar Places Nearby

    • Forum At Gateways Shopping Center — Ih 59, Sterling Heights, MI 48310

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.049865
    Latitude
    42.564191

    Nearby Similar for Sale

    • $199,900
      4,950 SF

      Established Salon & Medical Spa

      Turnkey salon and medical spa business opportunity in Sterling Heights.
      37824 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • $733,000
      3,654 SF

      Sterling Heights Commercial/Industrial Opportunity

      Commercial property with main road exposure and potential owner/user opportunity.
      43303 Schoenherr, Sterling Heights, MI 48313
      View Details
    • $950,000
      2,400 SF

      Sterling Heights Professional Office Building

      Custom-built office building in high-traffic Sterling Heights location.
      42301 Mound Road, Sterling Heights, MI 48314
      View Details
    • $800,000
      12,000 SF

      Established Grocery Store Business Opportunity

      Profitable grocery store with real estate in Sterling Heights, MI.
      36886 Ryan Road, Sterling Heights, MI 48310
      View Details
    • $169,900
      2,000 SF

      Profitable Bakery in Sterling Heights

      Turnkey bakery in a busy shopping center, ready to operate.
      2237 18 Mile, Sterling Heights, MI 48314
      View Details
    • $319,998
      1,608 SF

      Sterling Heights Multi-Use Property

      Rehabbed Sterling Heights property with high traffic visibility.
      34641 MOUND Road, Sterling Heights, MI 48310
      View Details
    • $119,900
      2,300 SF

      Restaurant Business Opportunity For Sale

      Restaurant business with equipment in busy Sterling Heights shopping plaza.
      3665 15 Mile Road, Sterling Heights, MI 48310
      View Details
    • $299,900
      2,034 SF

      Remodeled Duplex in Sterling Heights

      Fully remodeled duplex with income potential in desirable Sterling Heights.
      5336 Mansfield Avenue, Sterling Heights, MI 48310
      View Details
    • $19
      9,200 SF

      Turnkey Medical Office Near Hospital

      6,800 SF medical office ideal for various specialties.
      43114-43136 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • $2,200,000
      27,524 SF

      Sterling Heights Office Building For Sale

      Office building with renovation and expansion potential in Sterling Heights.
      8220 Irving, Sterling Heights, MI 48312
      View Details
    • $1,350,000
      3,238 SF

      Prime 7-Eleven Investment Opportunity

      7-Eleven investment on a highly visible corner location.
      3909 E 14 MILE Road, Sterling Heights City, MI 48310
      View Details
    • $120,000
      2,700 SF

      Operating Hair Salon for Sale

      Fully operational women’s hair salon in Sterling Heights, Michigan.
      777 Macomb, Sterling Heights, MI 48310
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center with good tenant mix in Sterling Heights.
    Where is this shopping center located?
    The property is located at 36851 Mound Rd Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: Good Tenant Mix; Ad Value on Renewals; Opportunity to Replace Tenant Mix
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Leo Gonzalez
    Real Estate License ID: MI 6502126741
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!