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Property profile & analytics
FOR LEASE
Medical Office Space
33464 Schoenherr Rd, Sterling Heights, MI 48312
Entity Owned
20-yr Hold
Free & Clear
Property ID
US43-0113351
For Lease
1 / 6
$14 SF/Yr
33464 Schoenherr Rd, Sterling Heights, MI 48312
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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
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
$5.63M
Blend (final)
Blend
$5.64M
Owner & transaction history
Sterling Professional LLC · 20 yrs held
Sterling Professional LLC
since 2006
3 recorded transactions
Zoning & alternative use
O-1 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.8M
+53.3%
Restaurant
$5.8M
+15.4%
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
MEDICAL BUILDING
$5,060,000
Current use
COMMERCIAL (GENERAL)
$7,755,000
Change: +53% · Conversion: Easy
RESTAURANT
$5,840,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$4,865,000
Change: -4% · Conversion: Easy
RETAIL STORES
$4,295,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.64M
Range $5.07M – $6.20M · ±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
$137 / 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
$113,807
Tax year 2022
Assessed value
$2,573,600
Assessed 2023
Previous assessed
$2,387,200
+7.8% YoY
Effective rate
4.42%
On assessed value
Total market value
$5,147,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2006
Construction
BRICK
Heating
FORCED AIR
Stories
1
Bathrooms
1
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
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O-1 · Sterling Heights, MI
Zoning O-1 · permitted uses
O-1 · 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
MEDICAL BUILDING Current
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$7.8M
RESTAURANT
Est. value
$5.8M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
2006
Construction
BRICK
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
4.21 ac
Current owner
From public records · entity-resolved
Sterling Professional LLC
Entity
Free & Clear · 20 yrs held
Mailing address
12955 23RD MILE RD, SHELBY TOWNSHIP, MI 48315-2707
Ownership since
2006
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
Jun 15, 2006
—
Sterling Professional LLC
Cp Ventures
Quit Claim Deed
related
—
Feb 23, 2006
—
Cp Ventures
Busignani Family Trust
Warranty Deed
—
—
—
Sterling Professional LLC
—
Loan Modification
related
$1,000,000 · Jp Morgan Chase Bank NA
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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