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Property profile & analytics
OFF-MARKET
Estimated value
$18,000,000
Outlet malls
14100 Lakeside Cir, Sterling Heights, MI 48313-1322
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1628789
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1974
Total area
314,400 SF
Lot
5.57 ac (242,760 SF)
Zoning code
C-2
APN
10-10-01-104-002
UPID
US43-1628789
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
$18.00M
Blend (final)
Blend
$18.00M
Owner & transaction history
Lakeside Circle Holdings LLC · 4 yrs held
Lakeside Circle Holdings LLC
since 2022
7 recorded transactions
Zoning & alternative use
C-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$27,040,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$18.00M
Range $16.20M – $19.80M · ±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
$57 / 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
$118,167
Tax year 2022
Assessed value
$2,918,900
Assessed 2023
Previous assessed
$2,241,900
+30.2% YoY
Effective rate
4.05%
On assessed value
Total market value
$5,837,800
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
1974
Heating
FORCED AIR
Stories
2
Total area
314,400 SF
Lot
5.57 ac (242,760 SF)
Zoning code
C-2
APN
10-10-01-104-002
UPID
US43-1628789
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
AUTO REPAIR, GARAGE
Est. value
$27.0M
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
1974
Heating
FORCED AIR
Stories
2
Lot
5.57 ac
Current owner
From public records · entity-resolved
Lakeside Circle Holdings LLC
Entity
Mailing address
2600 W BIG BEAVER RD STE #410, TROY, MI 48084-3342
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2022
—
Lakeside Circle Holdings LLC
—
Deed
related
—
Jun 1, 2022
—
Lakeside Circle Holdings LLC
Tf Sterling Heights Mi LLC
Deed
$5,500,000 · Tri County Bank
Dec 29, 2021
—
Tf Sterling Heights Mi LLC
—
Deed
related
$460,000,000 · Ubs Ag Tampa Branch
Mar 15, 2019
—
Tf Sterling Heights Mi LLC
Src Facilities LLC
Trustees Deed
$325,000,000 · Jpp LLC
Sep 11, 2018
—
Src Facilities LLC
—
Deed
related
$200,000,000 · Ubs Ag Stamford Br
Mar 22, 2018
—
Src Facilities LLC
—
Grant Deed
related
$200,000,000 · Ubs Ag Stamford Br
—
—
Src Facilities LLC
—
Loan Modification
related
$200,000,000 · Ubs Ag Stamford Br
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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