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

    33879 Van Dyke Ave Sterling Heights, MI 48312

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

    Prime Van Dyke Ave. lot, ready to build.

    Property size:
    10,000 SF

    Property Features for 33879 Van Dyke Ave

    General Information

    Property type
    Land
    Square Feet
    10,000 SF
    Lot Size
    167,706 SF

    Building Details

    Year Built
    1998

    We can help!

    Listing Contact
    Charles Howard
    Charles Howard

    Listing Agency: Transwestern Detroit Listing Agent: Charles Howard

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 3.85-acre commercial land parcel, located at 33879 Van Dyke Ave in Sterling Heights, Michigan (48312), presents a unique investment opportunity. The property boasts 10,000 square feet of vacant land, previously occupied by a building that has since been demolished. This offers a clean slate for development, with permitted zoning for retail use. The asking price is $1,900,000, translating to $190 per square foot. The site benefits from excellent visibility and accessibility, featuring over 400 feet of frontage on Van Dyke Avenue, a high-traffic thoroughfare. Its strategic location in a Walmart outlot ensures significant exposure and convenient access to 14 Mile Road. Ample parking is available with 160 spaces provided. The property is currently vacant and available for immediate development. This owner/user investment opportunity is further enhanced by an existing ground lease. The property is zoned for retail use and presents a compelling opportunity for businesses seeking high visibility and convenient access in a thriving Sterling Heights location. This is a rare chance to acquire a well-positioned commercial lot in a desirable area of Macomb County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.028876574967
    Latitude
    42.543123216708

    Nearby Similar for Sale

    • $733,000
      3,654 SF

      Sterling Heights Commercial/Industrial Opportunity

      Commercial property with main road exposure and potential owner/user opportunity.
      43303 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • New
      $179,900
      2,000 SF

      Profitable Bakery in Sterling Heights

      Turnkey bakery in a busy shopping center, ready for operation.
      2237 18 Mile Rd, Sterling Heights, MI 48314
      View Details
    • New
      $119,900
      2,300 SF

      Restaurant Business Opportunity For Sale

      Restaurant business with equipment in busy Sterling Heights shopping plaza.
      3665 15 Mile Rd, Sterling Heights, MI 48310
      View Details
    • $950,000
      2,400 SF

      Sterling Heights Professional Office Building

      Custom-built office building in high-traffic Sterling Heights location.
      42301 Mound 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 Rd, Sterling Heights, MI 48312
      View Details
    • $299,900
      4,950 SF

      Salon & Medical Spa Business

      Established salon and spa business for sale in Sterling Heights.
      37824 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • $319,999
      1,608 SF

      Sterling Heights Multi-Use Property

      Rehabbed Sterling Heights property with high visibility and multi-use zoning.
      34641 Mound Rd, Sterling Heights, MI 48310
      View Details
    • $800,000
      12,000 SF

      Established Grocery Store Business Opportunity

      Profitable grocery store with real estate in Sterling Heights, MI.
      36886 Ryan Rd, Sterling Heights, 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
    • Contact for pricing
      7,590 SF

      Medical/Dental/Office Conversion Opportunity

      Up to 7,590 SF available at 15 Mile/Schoenherr corner.
      34843-34863 Schoenherr Rd, Sterling Heights, MI 48312
      View Details
    • Contact for pricing
      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
    • $835,000
      2,800 SF

      Medical Condo Complex For Sale

      Medical condo complex near Corewell Health Beaumont Troy Hospital.
      43150 Dequindre Rd, Sterling Heights, MI 48314
      View Details

    FAQs

    What type of property is this?
    Land - Prime Van Dyke Ave. lot, ready to build.
    Where is this land located?
    The property is located at 33879 Van Dyke Ave Sterling Heights, MI.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 3.85-acre commercial land parcel in Sterling Heights, MI (48312) at 33879 Van Dyke Ave.; 10,000 square feet of vacant land, previously developed, now ready for immediate development.; Retail zoning, $1,900,000 asking price ($190/SF).
    (248) 440-1447 Call to check price and availability
    Request Owner's contact information
    33879 Van Dyke Ave Sterling Heights, MI 48312
    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.
    33879 Van Dyke Ave
    Sterling Heights, MI 48312
    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
    33879 Van Dyke Ave Sterling Heights, MI 48312
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Howard
    Charles Howard
    Real Estate License ID: 6506044836
    (248) 440-1447 (248) 350-2222
    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!