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Property profile & analytics
OFF-MARKET
Estimated value
$16,380,000
Outlet malls
11800 Hall Rd Sterling Heights, MI 48313-1040
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0769118
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1972
Total area
158,711 SF
Lot
14.59 ac (635,540 SF)
Zoning code
C-2
APN
10-10-02-101-013
UPID
US43-0769118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.38M
Blend (final)
Blend
$16.38M
Owner & transaction history
Tractor Supply Co Of Michigan LLC · 2 yrs held
Tractor Supply Co Of Michigan LLC
since 2023
4 recorded transactions
Zoning & alternative use
C-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$22.5M
+35.9%
Medical building
$19.5M
+17.7%
Office building
$18.8M
+13.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sterling Heights submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sterling Heights submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$16,555,000
Current use
RESTAURANT
$22,500,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$19,495,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$18,755,000
Change: +13% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,650,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$16.38M
Range $14.74M – $18.02M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$103 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$149,914
Tax year 2022
Assessed value
$5,751,400
Assessed 2023
Previous assessed
$5,751,400
+0.0% YoY
Effective rate
2.61%
On assessed value
Total market value
$11,502,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Stories
1
Total area
158,711 SF
Lot
14.59 ac (635,540 SF)
Zoning code
C-2
APN
10-10-02-101-013
UPID
US43-0769118
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Sterling Heights, MI
Zoning C-2 · permitted uses
C-2 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$16.6M
RESTAURANT
Est. value
$22.5M
MEDICAL BUILDING
Est. value
$19.5M
OFFICE BUILDING
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$13.7M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Stories
1
Lot
14.59 ac
Current owner
From public records · entity-resolved
Tractor Supply Co Of Michigan LLC
Entity
Mailing address
5401 E VIRGINIA WAYSTE1130, BRENTWOOD, TN 37027-7536
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2023
—
Tractor Supply Co Of Michigan LLC
Delco Plaza LLC
Lease
—
Jan 31, 2011
—
Centro Of Ia Delco Plaza LLC
Centro Np Holdings 2 Spe LLC
Quit Claim Deed
related
—
Oct 31, 2007
—
Centro Np Holdings 2 Spe LLC
Centro Np LLC
Quit Claim Deed
related
—
Jul 12, 2007
—
Super Intermediateco LLC
New Plan Excel Realty Trust In
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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