New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,720,000
Office buildings
35801 Mound Rd, Sterling Heights, MI 48310-4731
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1328296
Property summary
AI-generated overview
Liberty Place, located at 35801 Mound Rd, Sterling Heights, MI 48310, presents a compelling investment opportunity. This Class B executive office building boasts 94,209 square feet of space, spread across two stories within a single building situated on a 5.05-acre lot. Constructed in 1991, the property features a strong tenant mix, currently enjoying 90% occupancy. The asking price is $10,995,000, translating to a price per square foot of $116.71. The property's Macomb County location (APN 10-29-427-026) offers excellent access to major transportation routes and amenities. Financial projections indicate a 9.1% capitalization rate, making this a potentially high-yield investment. Detailed financial information is available in a confidential offering memorandum. This is an exceptional opportunity to acquire a well-maintained, high-occupancy office building in a desirable location with a strong potential for return on investment. The property's high-tech office space is well-suited for a variety of businesses.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Total area
94,209 SF
Lot
5.05 ac (220,109 SF)
Zoning code
C-3
APN
10-10-29-427-026
UPID
US43-1328296
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
$7.72M
Blend (final)
Blend
$7.72M
Owner & transaction history
Liberty Place LLC · 7 yrs held
Liberty Place LLC
since 2019
3 recorded transactions
Zoning & alternative use
C-3 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$11.6M
+3.9%
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
OFFICE BUILDING
$11,135,000
Current use
MEDICAL BUILDING
$11,570,000
Change: +4% · Conversion: Easy
RETAIL STORES
$9,830,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$7.72M
Range $6.95M – $8.49M · ±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
$82 / 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
$134,245
Tax year 2022
Assessed value
$2,787,800
Assessed 2023
Previous assessed
$2,576,800
+8.2% YoY
Effective rate
4.82%
On assessed value
Total market value
$5,575,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Heating
FORCED AIR
Stories
2
Total area
94,209 SF
Lot
5.05 ac (220,109 SF)
Zoning code
C-3
APN
10-10-29-427-026
UPID
US43-1328296
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Sterling Heights, MI
Zoning C-3 · permitted uses
C-3 · 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
OFFICE BUILDING Current
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$11.6M
RETAIL STORES
Est. value
$9.8M
OFFICE BUILDING Current
MEDICAL 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
1991
Heating
FORCED AIR
Stories
2
Lot
5.05 ac
Current owner
From public records · entity-resolved
Liberty Place LLC
Entity
Mailing address
15714 MILLAR RD, CLINTON TOWNSHIP, MI 48036-1619
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Mar 27, 2019
—
Liberty Place LLC
—
Grant Deed
related
$5,000,000 · Lakestone Bk&tr
—
—
Liberty Place LLC
—
Deed Of Trust
related
$5,360,000 · Comerica Bank
—
—
Liberty Place LLC
—
Deed Of Trust
related
$2,565,888 · Comerica Bank
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?”
You own 35801 Mound Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
