Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Traffic Retail Space Available Title is generated by Realmo AI

    33233 Mound Rd, Sterling Heights, MI 48310

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

    Retail space for lease in high-traffic Sterling Heights location.

    Type:Retail
    Property size:
    10,000 SF
    Added:
    Oct 8, 2022
    Days on Market:
    1313
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 33233 Mound Rd

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 33233 Mound Rd Contact us

    Available Space 2 $15 /Mo

    Size
    2,300 SF
    Type
    Retail
    Prime 2,300 Sq Ft Commercial Space for Lease – Sterling Heights (14 Mile & Mound)nExcellent...
    show more
    Contact us

    Retail/Office Space $15 /Mo

    Size
    1,400 SF
    Type
    Retail
    Versatile 1,400 Sq Ft Commercial Space for Lease – Move-In Ready or Customizable...
    show more
    Contact us

    We can help!

    Listing Contact
    Charles Tamou

    Listing agent Charles Tamou License #6505431212

    Listing office The Doctors Of Real Estate

    Listing date Oct 8, 2022

    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 The Doctors Of Real Estate

    HighLights

    • High‑traffic location on one of Michigan's busiest roads, near an Amazon facility.
    • 5 out of 6 units are currently leased with long‑term tenants.
    • New apartment complex scheduled for construction adjacent to the building.
    • Recent updates include new asphalt, striping, landscaping, and exterior lighting.
    • Three entrances for easy access, including a traffic stop and Michigan turnaround.
    • Located at the entrance of Sterling Heights.

    Overview

    Located on a high-traffic road in Sterling Heights, this retail space is situated in Stober Plaza, which features new ownership. The property offers over 10,000 square feet of total space. Recent updates include new asphalt, striping, landscaping, and updated exterior lighting. The location benefits from its proximity to an Amazon facility across the street. An apartment complex is scheduled for construction adjacent to the building on the south side. The building has three entrances for easy access, including a traffic stop north of the building for southbound access, and a Michigan turnaround that enters almost directly to the building from northbound traffic. Currently, five out of six units are leased with long-term tenants. This prime location is situated at the entrance of Sterling Heights.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.048597
    Latitude
    42.537997

    Nearby Similar for Lease

    • $14 SF/Yr

      Sterling Heights Retail Space Available

      Retail and restaurant spaces in Sterling Place Plaza Shopping Center.
      37600 Van Dyke Avenue, Sterling Heights, MI 48312
      View Details
    • $7,000/Mo

      Salon & Medical Spa Lease

      Established salon and spa with income streams for lease.
      37824 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • Contact for pricing

      Spacious Office Building For Lease

      Well-maintained office building with private entrance, kitchen, and bathroom.
      34514 Dequindre Rd, Sterling Heights, MI 48310
      View Details
    • Contact for pricing

      New Construction Retail/Office Space

      New construction retail/office space in Sterling Heights, completion January 2027.
      13200 15 Mile Rd A, Sterling Heights, MI 48312
      View Details
    • $2,200/Mo

      Renovated Office/Retail Space Available

      Newly renovated office/retail center with ample parking and signage.
      34204 Van Dyke, Sterling Heights, MI 48312
      View Details
    • $4,500/Mo

      Renovated Office Space Available

      Newly renovated office space in a busy medical/office center.
      33200 DEQUINDRE Rd Suite 101, Sterling Heights, MI 48310
      View Details
    • $18 SF/Yr

      Sterling Heights Retail Space Available

      Retail space available for lease in Sterling Heights, Michigan.
      44533 Schoenherr Road, Sterling Heights, MI 48313
      View Details
    • Contact for pricing

      Turn-Key Office Space Available

      8,683 SF office space with high-end finishes and parking.
      38219 Mound Road, Sterling Heights, MI 48310
      View Details
    • $14 SF/Yr

      Sterling Place Plaza Retail Space

      Retail and restaurant spaces available in Sterling Heights.
      37600 Van Dyke Ave, Sterling Heights, MI 48312
      View Details
    • $12 SF/Yr

      Medical/Office Building For Lease

      Medical/Office building available for lease in Sterling Heights, Michigan.
      Sterling Heights, MI 48312
      View Details
    • $9 SF/Yr

      Modern Industrial/Flex Facility Available

      Subdividable industrial/flex space with office, truck wells, and frontage.
      40800 Enterprise Drive, Sterling Heights, MI 48314
      View Details
    • $10 SF/Yr

      Industrial/Flex Space on Mound Road

      2,700-10,800 SF available for lease or sale.
      40485 Mound Road, Sterling Heights, MI 48310
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in high-traffic Sterling Heights location.
    Where is this strip mall located?
    The property is located at 33233 Mound Rd Sterling Heights, MI.
    What are key features of this property?
    This property features: High‑traffic location on one of Michigan's busiest roads, near an Amazon facility.; 5 out of 6 units are currently leased with long‑term tenants.; New apartment complex scheduled for construction adjacent to the building.
    (248) 277-4226 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Tamou
    Real Estate License ID: 6505431212
    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

    Thank You for Inquiry
    33233 Mound Rd, Sterling Heights, MI 48310
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!