New search
Property profile & analytics
FOR LEASE
Industrial properties
35320 Beattie Dr, Sterling Heights, MI 48312
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-0215363
For Lease
1 / 10
$10 SF/Yr
35320 Beattie Dr, Sterling Heights, MI 48312
View Listing →
Property summary
AI-generated overview
This Macomb County property offers 10,852 square feet of versatile manufacturing or warehouse space within a larger 24,264 square foot building. The available space includes 1,372 square feet of office space, which may be leased separately. The building boasts heavy power (480 Volt & 240 Volt) with buss duct, high ceilings ranging from 18 to 28 feet (with a 1,680 square foot area at 26 feet), and two 12' x 14' overhead grade-level doors. Additional features include airline throughout, T-8 lighting, and exhaust fans. The property sits on a 1.31-acre lot and includes 15 total parking spaces. Exterior improvements include a freshly painted building and resurfaced asphalt driveway. The building was constructed in 1979 and underwent renovations in 2023. The property is zoned M2 - Heavy Industrial and is offered under a NNN lease, meaning the tenant is responsible for taxes, building insurance, and exterior maintenance.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
24,264 SF
Lot
1.31 ac (57,107 SF)
Zoning code
M-2
APN
10-10-28-379-024
UPID
US43-0215363
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
$1.92M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.91M
Owner & transaction history
Motown Leasing INC · 3 yrs held
Motown Leasing INC
since 2022
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
M-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.0M
+88.4%
Retail stores
$2.5M
+60.0%
Commercial (general)
$2.5M
+57.7%
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
$1,900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,080,000
6.5%
$1,920,000
7%
$1,780,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,580,000
Current use
MEDICAL BUILDING
$2,980,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$2,530,000
Change: +60% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,495,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$2,300,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,085,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$1,635,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±10% · vs last sale $1.90M (Nov 15 2022)
Last sale anchor
$1.90M
Nov 15 2022
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
$79 / 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
$18,680
Tax year 2022
Assessed value
$631,400
Assessed 2023
Previous assessed
$581,500
+8.6% YoY
Effective rate
2.96%
On assessed value
Total market value
$1,262,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1985
Heating
FORCED AIR
Stories
2
Total area
24,264 SF
Lot
1.31 ac (57,107 SF)
Zoning code
M-2
APN
10-10-28-379-024
UPID
US43-0215363
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Sterling Heights, MI
Zoning M-2 · permitted uses
M-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
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1985
Heating
FORCED AIR
Stories
2
Lot
1.31 ac
Current owner
From public records · entity-resolved
Motown Leasing INC
Entity
Mailing address
25733 DHONDT CT, CHESTERFIELD, MI 48051-2601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2022
$1,900,000
Motown Leasing INC
S & B Realty Corp
Warranty Deed
$1,520,000 · Flagstar Bank Fsb
Jan 5, 2007
—
S & B Realty Corp
Proto Gage INC
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
