Property profile

38221 Mound Rd 7 Sterling Heights, MI 48310

OFF-MARKET
Office buildings
Property ID
US43-0575992
7,192 SF 0.83 ac lot Built 1999
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional office building at 38221 Mound offers a fantastic opportunity for businesses seeking flexible and well-appointed space. The property boasts a total of 7,623 square feet, currently divisible into three separate suites, allowing for various tenant configurations to suit diverse needs. Each suite benefits from abundant natural light, creating a bright and productive work environment. The building's layout features perimeter offices providing privacy for individual work or meetings, complemented by a central open area ideal for collaborative workspaces or team interaction. A fully equipped kitchen and shower facilities add to the convenience and comfort of the space. Beyond the interior amenities, the property offers ample parking, a significant advantage for employees and clients alike. The building's attractive finishes and functional design make it an ideal location for a variety of businesses seeking a professional and efficient workspace. The available spaces range from 2,933 square feet to the full 7,623 square feet, providing options for businesses of all sizes. This is a rare opportunity to secure high-quality office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Total area 7,192 SF
Lot 0.83 ac (35,981 SF)
Zoning code O-R
APN 10-10-20-280-007
UPID US43-0575992

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
  • Insurance Agency
  • Waste Management Facility Hazardous Waste Disposal
  • Real Estate Agency
  • Telecommunications Service

Location

38221 Mound Rd, Unit 7 Sterling Heights, MI 48310-3418
Sterling Heights metro Census 231400 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
$751k
Blend (final) Blend
$300k

Owner & transaction history

since 2019
4 recorded transactions
2019
Price N/A
2019
Price N/A
2013
Price N/A
2009
Price N/A

Zoning & alternative use

O-R · Sterling Heights, MI
Zoning description

The O-R Office Research District is designed to primarily accommodate office, scientific, business, technological research operations, related testing operations and other related uses where office, technology and scient…

General category COMMERCIAL
Top alternative use upside
Restaurant $1.0M +20.0%
Medical building $885,000 +3.9%

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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