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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
Retail space
2484 Metropolitan Pkwy, Sterling Heights, MI 48310-4211
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1580538
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
7,532 SF
Lot
2.26 ac (98,271 SF)
Zoning code
C-2
APN
10-10-30-101-033
UPID
US43-1580538
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
$1.26M
Blend (final)
Blend
$1.26M
Owner & transaction history
Metro Parkway Property LLC · 2 yrs held
Metro Parkway Property LLC
since 2024
5 recorded transactions
Zoning & alternative use
C-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+80.5%
Restaurant
$1.1M
+35.9%
Medical building
$925,000
+17.7%
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
$785,000
Current use
COMMERCIAL (GENERAL)
$1,420,000
Change: +81% · Conversion: Easy
RESTAURANT
$1,070,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$925,000
Change: +18% · Conversion: Difficult
OFFICE BUILDING
$890,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$167 / 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
$29,639
Tax year 2022
Assessed value
$707,400
Assessed 2023
Previous assessed
$707,400
+0.0% YoY
Effective rate
4.19%
On assessed value
Total market value
$1,414,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
7,532 SF
Lot
2.26 ac (98,271 SF)
Zoning code
C-2
APN
10-10-30-101-033
UPID
US43-1580538
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
$785,000
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$925,000
OFFICE BUILDING
Est. value
$890,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
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
Heating
FORCED AIR
Stories
1
Lot
2.26 ac
Current owner
From public records · entity-resolved
Metro Parkway Property LLC
Entity
Free & Clear · 2 yrs held
Mailing address
4227 DAMSON DR, STERLING HEIGHTS, MI 48314-3756
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2024
—
Metro Parkway Property LLC
Hansen Metro Parkway LLC
Warranty Deed
—
Jun 9, 2017
—
Hansen Metro Parkway LLC
Ip Metro Parkway LLC
Warranty Deed
$2,700,000 · Skovsbo Holdings INC
Dec 19, 2014
—
Ip Metro Parkway LLC
Tdg-sterling Heights LLC
Grant Deed
—
Dec 5, 2005
—
Tdg-sterling Heights LLC
Meijer Realty
Warranty Deed
related
—
—
—
Ip Metro Parkway LLC
—
Loan Modification
related
$6,300,000 · Flagstar Bk
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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