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Property profile & analytics
FOR LEASE
Medical Office Space
38300 Van Dyke Ave, Sterling Heights, MI 48312
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-0307901
For Lease
1 / 30
$1,500/Mo
38300 Van Dyke Ave, Sterling Heights, MI 48312
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Property summary
AI-generated overview
The Omni Medical Center, located at 38300 Van Dyke Ave in Sterling Heights, MI 48312, offers exceptional medical office space for lease. This Class C building, constructed in 1987, boasts a total of 12,072 square feet and comprises four suites. Currently, 4,714 square feet are available, divisible into spaces ranging from a minimum of 900 square feet to a maximum contiguous space of 2,338 square feet. Three individual suites are currently available for lease, making this an ideal opportunity for medical practices seeking expansion or relocation. While medical tenants are preferred, the space is suitable for a variety of office uses. The building's convenient location in Sterling Heights provides easy access to major thoroughfares and a robust local clientele. The property presents a unique chance to secure well-priced, functional office space in a thriving Michigan community. Interested parties should inquire about lease terms and availability for these versatile and adaptable suites. The building's address is easily accessible and well-suited for patient and client traffic. This is a rare opportunity to secure office space in a well-established building with immediate availability.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1987
Total area
12,072 SF
Lot
1.68 ac (72,963 SF)
Zoning code
C-3
APN
10-10-22-151-014
UPID
US43-0307901
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
$1.37M
Blend (final)
Blend
$1.37M
Owner & transaction history
Corri Enterprises LLC · 2 yrs held
Corri Enterprises LLC
since 2024
4 recorded transactions
Zoning & alternative use
C-3 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+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
$1,485,000
Current use
RESTAURANT
$1,710,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$1,260,000
Change: -15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,240,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±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
$113 / 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
$17,495
Tax year 2022
Assessed value
$625,000
Assessed 2023
Previous assessed
$625,000
+0.0% YoY
Effective rate
2.80%
On assessed value
Total market value
$1,250,000
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
1987
Heating
FORCED AIR
Stories
1
Total area
12,072 SF
Lot
1.68 ac (72,963 SF)
Zoning code
C-3
APN
10-10-22-151-014
UPID
US43-0307901
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
MEDICAL BUILDING Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.7M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
1987
Heating
FORCED AIR
Stories
1
Lot
1.68 ac
Current owner
From public records · entity-resolved
Corri Enterprises LLC
Entity
Free & Clear · 2 yrs held
Mailing address
54355 NICHOLAS, MACOMB, MI 48042-2248
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Corri Enterprises LLC
Doctor One Housecall PC
Deed
—
Nov 17, 2011
$575,000
Doctor One Housecall Physicians P C
Flagstar Bank Fsb
Deed
—
Nov 14, 2011
—
Flagstar Bk Fsb
S & R Harper Ventures LLC
Warranty Deed
—
Dec 15, 2005
—
S & R Harper Ventures LLC
Same LLC
Warranty Deed
$1,120,000 · Flagstar Bank Fsb
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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