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Property profile & analytics
OFF-MARKET
Day care centers
40901 Hayes Rd Sterling Heights, MI 48313-4448
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0234402
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2006
Total area
10,804 SF
Lot
2.44 ac (106,199 SF)
Zoning code
R-60
APN
10-10-13-200-016
UPID
US43-0234402
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
Board Of Cnty Road Commissioners · 10 yrs held
Board Of Cnty Road Commissioners
since 2015
7 recorded transactions
Zoning & alternative use
R-60 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The one family districts are established to provide an environment suitable for families who typically have children. The districts are principally for one family dwellings at varying densities.
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
9,325.02 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
$23,326
Tax year 2022
Assessed value
$1,166,600
Assessed 2023
Previous assessed
$1,067,500
+9.3% YoY
Effective rate
2.00%
On assessed value
Total market value
$2,333,200
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2006
Heating
FORCED AIR
Stories
1
Total area
10,804 SF
Lot
2.44 ac (106,199 SF)
Zoning code
R-60
APN
10-10-13-200-016
UPID
US43-0234402
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R-60 · Sterling Heights, MIZoning R-60 · permitted uses
R-60 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The one family districts are established to provide an environment suitable for families who typically have children. The districts are principally for one family dwellings at varying densities.
Zone name
One Family Residential
General category
RESIDENTIAL
Zone area
9,325.02 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2006
Heating
FORCED AIR
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Board Of Cnty Road Commissioners
Individual
Free & Clear · 10 yrs held
Mailing address
43231 SCHOENHERR RD, STERLING HEIGHTS, MI 48313-1957
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2025
—
Hayes 18 Investments LLC
—
Deed
related
$200,000 · Bank Of Ann Arbor
Oct 15, 2020
—
Hayes 18 Investments LLC
—
Deed
related
$998,170 · Bank Of Ann Arbor
Sep 3, 2015
—
Board Of Cnty Road Commissioners
Hayes 18 Investment LLC
Grant Deed
—
Apr 30, 2015
—
Hayes-18 Investments LLC
—
Trustees Deed
related
$1,100,000 · Kassab Stephen J Trust (lt)
Nov 14, 2006
—
Hayes 18 Investments LLC
—
Trustees Deed
related
$1,699,554 · Wolverine Bank Fsb
—
—
Hayes 18 Investments LLC
—
Deed Of Trust
related
$41,733 · Wolverine Bank Fsb
—
—
Hayes 18 Investments LLC
—
Deed Of Trust
related
$1,160,000 · Bank Of Birmingham
—
—
Hayes 18 Investments LLC
—
Deed Of Trust
related
$21,753 · Wolverine Bank Fsb
—
—
Hayes 18 Investments LLC
—
Loan Modification
related
$998,170 · Bank Of Ann Arbor
—
—
Hayes 18 Investments LLC
—
Deed Of Trust
related
$300,000 · Wolverine 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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