Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    44725-44955 Schoenherr Rd Sterling Heights, MI 48313
    Back to Search
    Property profile & analytics

    44725-44955 Schoenherr Rd Sterling Heights, MI 48313

    View on Map
    • Retail properties & Spaces
    • 34,168 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 44725-44955 Schoenherr Rd

    Property size
    34,168 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 44725-44955 Schoenherr Rd in Sterling Heights, Michigan, offers 34,168 square feet of prime commercial space. Currently, 37,796 square feet is available for lease, providing multiple leasing opportunities. The property is ideally suited for a variety of retail businesses, with spaces ranging from a minimum of 3,630 square feet to a maximum contiguous space of 7,320 square feet. Seven individual spaces are available, allowing for flexibility in tenant needs. Situated in Macomb County, this location benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for customers. The property's address is 44725-44955 Schoenherr Rd, Sterling Heights, MI 48313. This is a multi-tenant retail building offering a unique chance to establish or expand your business in a thriving commercial area. The property's size and layout provide ample opportunity for customization to meet specific business requirements. With its strategic location and significant available space, this retail center presents a compelling investment opportunity. Contact us today to learn more about leasing options and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9957
    Latitude
    42.6238

    Comparable in this City

    • Value Estimation by Request
      102,000 SF

      43683-43893 Schoenherr Rd

      Retail properties & Spaces • 102,000 SF
      43683-43893 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • Value Estimation by Request
      12,052 SF

      13923-13975 Lakeside Cir

      Retail properties & Spaces • 12,052 SF
      13923-13975 Lakeside Cir, Sterling Heights, MI 48313
      View Details
    • Value Estimation by Request
      34,886 SF

      43005-43095 Hayes Rd

      Lifestyle centers • 34,886 SF
      43005-43095 Hayes Rd, Sterling Heights, MI 48313
      View Details
    • Value Estimation by Request
      17,200 SF

      13850 Lakeside Cir

      Medical Office Space • 17,200 SF
      13850 Lakeside Cir, Sterling Heights, MI 48313
      View Details
    • Value Estimation by Request
      88,350 SF

      44801-44975 Hayes Rd

      Lifestyle centers • 88,350 SF
      44801-44975 Hayes Rd, Sterling Heights, MI 48313
      View Details
    • Value Estimation by Request
      88,350 SF

      44801-44975 Hayes Rd

      Lifestyle centers • 88,350 SF
      44801-44975 Hayes Rd, Sterling Heights, MI 48313
      View Details

    Similar Nearby for Sale

    • $7,200,000

      Medical/Vision Center For Sale

      Medical/Vision center located at 44987 Schoenherr Road, Sterling Heights.
      44987 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • Contact for pricing
      108,060 SF

      High-Density Land Parcel

      Approx. 3-acre land parcel approved for 88 units.
      14490 Lakeside Cir, Sterling Heights, MI 48313
      View Details
    • $179,000
      1.30 Acres

      Waterfront Land in Sterling Heights

      Over one acre waterfront lot in Utica School District.
      39400 Utica Rd, Sterling Heights, MI 48313
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Sterling Heights, Michigan.
      43005 Hayes Rd, Sterling Heights, MI 48313
      View Details
    • $18 SF/Yr
      41,003 SF

      Sterling Heights Retail Space Available

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

      Sterling Heights Commercial Space Available

      Retail and office spaces for lease in Sterling Heights.
      44725-44955 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • $35 SF/Yr

      Retail Space with Drive-Thru

      Retail spaces with drive-thru located on Kroger shopping center pad.
      43761 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • Contact for pricing

      Retail Center Near Lakeside Mall

      Retail and office spaces for lease near Lakeside Mall.
      44501-44533 Schoenherr Rd, Sterling Heights, MI 48313
      View Details
    • Contact for pricing

      Freestanding Retail with Drive-Thru

      Former Rite Aid available for lease at a controlled intersection.
      13500 19 Mile Rd, Sterling Heights, MI 48313
      View Details
    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.
    44725-44955 Schoenherr Rd
    Sterling Heights, MI 48313
    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
    44725-44955 Schoenherr Rd, Sterling Heights, MI, 48313
    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!