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Property profile & analytics
OFF-MARKET
Specialty properties
36645 Park Pl Dr Sterling Heights, MI 48310-4224
Entity Owned
Free & Clear
Property ID
US43-1092467
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1972
Total area
1,305 SF
Lot
0.79 ac (34,282 SF)
Zoning code
RM-2
APN
10-10-30-126-013
UPID
US43-1092467
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PARK PLACE CONDOMINIUM ASSOC
PARK PLACE CONDOMINIUM ASSOC
Zoning & alternative use
RM-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RM-2 multiple family residential districts (low rise) are intended to provide a proper environment for families who live in low rise multiple family dwellings. Such families typically are smaller in size than those living in single family dwellings
Zone name
Multiple Family Low Rise
General category
RESIDENTIAL
Zone area
1,420.93 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,251
Tax year 2022
Assessed value
$60,700
Assessed 2023
Previous assessed
$55,500
+9.4% YoY
Effective rate
3.71%
On assessed value
Total market value
$121,400
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1972
Heating
FORCED AIR
Stories
1
Total area
1,305 SF
Lot
0.79 ac (34,282 SF)
Zoning code
RM-2
APN
10-10-30-126-013
UPID
US43-1092467
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RM-2 · Sterling Heights, MIZoning RM-2 · permitted uses
RM-2 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RM-2 multiple family residential districts (low rise) are intended to provide a proper environment for families who live in low rise multiple family dwellings. Such families typically are smaller in size than those living in single family dwellings
Zone name
Multiple Family Low Rise
General category
RESIDENTIAL
Zone area
1,420.93 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1972
Heating
FORCED AIR
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
PARK PLACE CONDOMINIUM ASSOC
Individual
Free & Clear · 0 yrs held
Mailing address
36645 PARK PL DR, STERLING HEIGHTS, MI 48310-4224
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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