Property profile

40552 Van Dyke Ave Sterling Heights, MI 48313

OFF-MARKET
Automotive properties
Property ID
US43-4888975
13,953 SF 4.08 ac lot Built 2012
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 2012
Total area 13,953 SF
Lot 4.08 ac (177,725 SF)
Zoning code C-3
APN 10-10-15-101-018
UPID US43-4888975

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

40552 Van Dyke Ave Sterling Heights, MI 48313-3737
Sterling Heights metro Census 230902 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
$1.91M
Blend (final) Blend
$685k

Owner & transaction history

since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2016
Price N/A
2011
Price N/A
2011
Price N/A
2010
$637,046
2005
Price N/A

Zoning & alternative use

C-3 · Sterling Heights, MI
Zoning description

The C-3 General Business District is designed to provide for a wide diversity of business activities which are predominantly but not necessarily totally retail in character

General category COMMERCIAL
Top alternative use upside
Commercial (general) $2.6M +118.9%
Restaurant $2.0M +64.8%
Medical building $1.7M +42.8%

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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