Property profile

33464 Schoenherr Rd Sterling Heights, MI 48312

OFF-MARKET
Medical Office Space
Property ID
US43-0113351
41,184 SF 4.21 ac lot Built 2006
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Sterling Heights office building, the Sterling Professional Office Center, offers a prime opportunity for businesses seeking flexible and modern workspace. Located at 33464 Schoenherr Rd, Sterling Heights, MI 48312, this single-story, Class B building boasts a total of 41,000 square feet, with 6,972 square feet currently available for lease. The property sits on a generous 4.21-acre lot and features 210 parking spaces, ensuring ample convenience for employees and clients. The building was constructed in 2006 and is zoned 0-1. Suites range from a minimum of 2,750 square feet to a maximum contiguous space of 6,972 square feet, providing options to accommodate various business needs. The property is professionally managed and includes a kitchenette. Its location near 14 Mile Road in Macomb County offers excellent accessibility and visibility. The APN is 10-36-305-008. This versatile space is suitable for traditional office, executive office, or medical office uses. Don't miss this chance to secure your ideal office space in a thriving Sterling Heights location.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2006
Construction BRICK
Total area 41,184 SF
Lot 4.21 ac (183,388 SF)
Zoning code O-1
APN 10-10-36-305-008
UPID US43-0113351

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
  • Rehabilitation Center Physical Therapy Clinic
  • Medical Clinic
  • Medical Clinic
  • Physician
  • Employment Agency

Location

33464 Schoenherr Rd Sterling Heights, MI 48312-6314
Sterling Heights metro Census 232100 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
$5.63M
Blend (final) Blend
$5.64M

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
2006
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) $7.8M +53.3%
Restaurant $5.8M +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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