Property profile

42301 Mound Rd Sterling Heights, MI 48314

FOR SALE
Medical Office Space
Property ID
US43-2432318
4,791 SF 0.62 ac lot Built 2013
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

A custom-built, stand-alone professional office building completed in 2017, located on Mound Road in Sterling Heights. The property includes approximately 4,791 square feet of office space and sits on a 0.62-acre lot. The building has a fully finished lower level with elevator access, and the interior layout is arranged to support uses such as patient consultations, team operations, and private meeting areas. On-site parking is provided. The building is positioned along Mound Road with estimated traffic exposure of about 35,000 vehicles per day. Zoning is commercial, and the facility is suitable for professional office uses including medical, legal, wellness, or corporate services.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2013
Total area 4,791 SF
Lot 0.62 ac (26,877 SF)
Zoning code O-1
APN 10-10-08-279-032
UPID US43-2432318

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
  • Charitable Organization Social Service Agency
  • Physician
  • Medical Clinic
  • Physician
  • Plumbing Service General Contractor

Location

42301 Mound Rd Sterling Heights, MI 48314
Sterling Heights metro Census 230602 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$881k
Blend (final) Blend
$515k

Owner & transaction history

since 2024
5 recorded transactions
2024
Price N/A
2017
Price N/A
2013
Price N/A
2010
$30,000
2010
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) $900,000 +53.3%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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