Property profile

2391 15th Mile Rd Sterling Heights, MI 48310

OFF-MARKET
Medical Office Space
Property ID
US43-1303203
6,443 SF 1.13 ac lot Built 2017
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Total area 6,443 SF
Lot 1.13 ac (49,266 SF)
Zoning code O-1
APN 10-10-30-352-046
UPID US43-1303203

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Physician Medical Clinic

Location

2391 15th Mile Rd Sterling Heights, MI 48310-4812
Sterling Heights metro Census 231600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$385k

Owner & transaction history

since 2018
5 recorded transactions
2018
Price N/A
2017
Price N/A
2017
$210,000
2011
Price N/A
1969
Price N/A

Zoning & alternative use

O-1 · Sterling Heights, MI
Zoning description

The O-1 Business and Professional Office District is designed to provide a suitable environment for various types of office uses performing administrative, professional and related service occupations

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.2M +53.3%
Restaurant $915,000 +15.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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