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Property profile & analytics
OFF-MARKET
Government properties
2270 Metropolitan Pkwy Sterling Heights, MI 48310-4207
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5212970
Property profile
Verified
Property type
Government properties
Use group
CENTRALLY ASSESSED
Year built
1972
Total area
1,915 SF
Lot
1.32 ac (57,499 SF)
Zoning code
C-2
APN
10-10-30-101-006
UPID
US43-5212970
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lb-ubs 2007-cl Mi 4 Prop LLC · 7 yrs held
Lb-ubs 2007-cl Mi 4 Prop LLC
since 2019
3 recorded transactions
Zoning & alternative use
C-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended to provide a combination of convenience and comparison retail goods and services serving the needs of a broader market area than several neighborhood areas, as is the case with the C-1 district
Zone name
Planned Comparison
General category
COMMERCIAL
Zone area
552.41 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$15,160
Tax year 2022
Assessed value
$296,500
Assessed 2023
Previous assessed
$285,000
+4.0% YoY
Effective rate
5.11%
On assessed value
Total market value
$593,000
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
Government properties
Use group
CENTRALLY ASSESSED
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
1,915 SF
Lot
1.32 ac (57,499 SF)
Zoning code
C-2
APN
10-10-30-101-006
UPID
US43-5212970
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Sterling Heights, MIZoning 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
Zoning description
This district is intended to provide a combination of convenience and comparison retail goods and services serving the needs of a broader market area than several neighborhood areas, as is the case with the C-1 district
Zone name
Planned Comparison
General category
COMMERCIAL
Zone area
552.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
1
Lot
1.32 ac
Current owner
From public records · entity-resolved
Lb-ubs 2007-cl Mi 4 Prop LLC
Entity
Free & Clear · 7 yrs held
Mailing address
1888 W TAHQUAMENON CT, BLOOMFIELD HILLS, MI 48302-2270
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
$3,089,756
Lb-ubs 2007-cl Mi 4 Prop LLC
Sheriff Of Macomb County|cre Jv Mixed Fifteen Mi 4
Trustees Deed
related
—
Oct 4, 2006
—
Jv Mixed Fifteen Mi 4 B Cre
Cre Jv Mixed Fifteen Branch Ho
Quit Claim Deed
—
Oct 4, 2006
$843,053
Cre Jv Mixed Fifteen Branch Ho
Charter One Bank NA
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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