Property profile

39850 Van Dyke Ave Sterling Heights, MI 48313

OFF-MARKET
Office buildings
Property ID
US43-1723532
5,056 SF 0.79 ac lot Built 1987
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1987
Total area 5,056 SF
Lot 0.79 ac (34,630 SF)
Zoning code O-1
APN 10-10-15-301-007
UPID US43-1723532

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
  • Law Firm
  • Law Firm
  • Law Firm Security Service
  • Home Health Care Service

Location

39850 Van Dyke Ave Sterling Heights, MI 48313-4628
Sterling Heights metro Census 230901 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
$587k
Blend (final) Blend
$305k

Owner & transaction history

since 2014
4 recorded transactions
2021
Price N/A
2019
Price N/A
2014
$416,000
2004
Price N/A

Zoning & alternative use

O-1 · Sterling Heights, MI
Zoning description

The O-1 Business and Professional Office District is designed to provide a suitable environment for various types of office uses performing administrative, professional and related service occupations

General category COMMERCIAL
Top alternative use upside
Commercial (general) $950,000 +59.3%
Restaurant $715,000 +20.0%
Medical building $620,000 +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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