Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Sterling Heights Commercial Land Available Title is generated by Realmo AI

    33201 Van Dyke Ave, Sterling Heights, MI 48312

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land for sale in Sterling Heights, Michigan.

    Type:Land
    Added:
    Jun 30, 2021
    Days on Market:
    1803
    Last Refresh:
    May 19 at 9:33 pm

    Property Features for 33201 Van Dyke Ave

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Matt Croswell

    Listing agent Matt Croswell License #MI 6501367356

    Listing office CBRE - Detroit

    Listing date Jun 30, 2021

    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 CBRE - Detroit

    HighLights

    • Located on Van Dyke Avenue.
    • Just North of East 14 Mile Road.
    • Close proximity to Menards.
    • Close proximity to Meijer.
    • Close proximity to Aldi.
    • Close proximity to Lowe's.

    Overview

    This commercial land is located on Van Dyke Avenue, just north of East 14 Mile Road. The property benefits from its close proximity to major retail anchors, including Menards, Meijer, Aldi, and Lowe's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -83.031087
    Latitude
    42.540172

    Nearby Similar for Sale

    • $2,295,000
      30,568 SF

      Church and Former School Campus

      Versatile campus with classrooms, gym, sanctuary seating, and two parking areas on expansive grounds.
      42681 Hayes Road, 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
    • $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
    • $8,088,128
      17,330 SF

      Prominent Corner Medical Office Building

      Fully occupied medical office building on a high-volume retail intersection in Metro Detroit.
      44987 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • $1,850,000
      27,524 SF

      Renovated Office Building with Ample Parking

      Single and double office suite building renovated in 2023, offering ample parking and expansion acreage.
      8220 Irving Road, Sterling Heights, MI 48312
      View Details
    • $2,295,000
      30,568 SF

      Church and Former School Campus

      Versatile campus with church sanctuary, classrooms, and gym—well suited for institutional or community event use.
      42681 Hayes Rd, Sterling Heights, MI 48313
      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
    • $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
    • $699,000
      2,236 SF

      Sterling Heights Commercial Land Opportunity

      Prime corner lot with development potential in high-traffic area.
      44096 MOUND Road, Sterling Heights, MI 48314
      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
    • $550,000

      Commercial Property on Mound Road

      Commercial property suitable for medical or retail use.
      42431 MOUND Rd, Sterling Heights, MI 48314
      View Details
    • $2,250,000

      Sterling Heights Vacant Residential Land

      Two parcels of land ideal for residential development.
      38720-38900 Utica Road, Sterling Heights, MI 48310
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in Sterling Heights, Michigan.
    Where is this commercial land located?
    The property is located at 33201 Van Dyke Ave Sterling Heights, MI.
    What are key features of this property?
    This property features: Located on Van Dyke Avenue.; Just North of East 14 Mile Road.; Close proximity to Menards.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Croswell
    Real Estate License ID: MI 6501367356
    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
    33201 Van Dyke Ave, Sterling Heights, MI 48312
    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!