Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    42301 Mound Rd Sterling Heights, MI 48314
    Back to Search
    Property profile & analytics

    42301 Mound Rd Sterling Heights, MI 48314

    View on Map
    • Medical Office Space
    • 4,791 SF
    • 0.62 lot acres
    For Sale
    $950,000
    View Listing →
    Sterling Heights Professional Office Building For Sale
    $950,000
    2,400 SF

    Sterling Heights Professional Office Building

    Custom-built office building in high-traffic Sterling Heights location.

    42301 Mound Road, Sterling Heights, MI 48314
    View Listing
    Property ID
    US43-2432318
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 42301 Mound Rd

    Year built
    2013
    Lot size
    0.62 lot acres
    Property size
    4,791 SF
    Zone code
    O-1
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    10-10-08-279-032
    APU
    101008279032

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $881,000
      Market price range: $365k - $881k
      AI Estimate
      $881,000
      Market price range: $365k - $881k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $590,000
      Current use
      COMMERCIAL (GENERAL)
      $900,000
      Change: +53% Conversion: Easy
      OFFICE BUILDING
      $565,000
      Change: -4% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0517
    Latitude
    42.6036
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $21,022
    $0.00
    $0.00
    $496,900
    -
    $0.00
    $0.00
    $993,800

    Comparable in this City

    • Value Estimation by Request
      3,255 SF

      42051 Mound Rd

      MEDICAL BUILDING • 3,255 SF
      42051 Mound Rd, Sterling Heights, MI 48314-3143
      View Details
    • Value Estimation
      $22,615,000
      184,145 SF

      44300 Dequindre Rd

      MEDICAL BUILDING • 184,145 SF
      44300 Dequindre Rd, Sterling Heights, MI 48314-1003
      View Details
    • Value Estimation
      $715,000
      4,305 SF

      42755 Mound Rd

      MEDICAL BUILDING • 4,305 SF
      42755 Mound Rd, Sterling Heights, MI 48314-3255
      View Details
    • Value Estimation
      $3,065,000
      32,000 SF

      41300 Dequindre Rd

      MEDICAL BUILDING • 32,000 SF
      41300 Dequindre Rd, Sterling Heights, MI 48314-3777
      View Details
    • Value Estimation by Request
      2,682 SF

      43198 Dequindre Rd

      MEDICAL BUILDING • 2,682 SF
      43198 Dequindre Rd, Sterling Heights, MI 48314-1723
      View Details
    • Value Estimation by Request
      1,945 SF

      43208 Dequindre Rd

      MEDICAL BUILDING • 1,945 SF
      43208 Dequindre Rd, Sterling Heights, MI 48314-1724
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,800 SF

      Medical Condo Complex For Sale

      Medical condo complex featuring multiple suites near Corewell Health Beaumont.
      43150 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • $950,000
      2,400 SF

      Sterling Heights Professional Office Building

      Custom-built office building in high-traffic Sterling Heights location.
      42301 Mound Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing

      Turnkey Medical Office Near Hospital

      6,800 SF medical office ideal for various specialties.
      43114-43136 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • $550,000

      Commercial Property on Mound Road

      Commercial property suitable for medical or retail use.
      42431 Mound Rd, Sterling Heights, MI 48314
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn-Key Medical Suites For Lease

      Medical suites available for lease, connected to Corewell Health Beaumont.
      Sterling Dr, Sterling Heights, MI 48314
      View Details
    • $17 SF/Yr

      Medical/General Office Suites For Rent

      Medical and general office suites available near Troy Beaumont Hospital.
      41300-41400 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing

      Van Dyke Avenue Retail/Office Space

      Divisible retail/office space with ground-floor access and parking.
      43700 Van Dyke Ave, Sterling Heights, MI 48314
      View Details
    • $30 SF/Yr

      New Construction Retail and Gas

      New construction gas station and retail center for lease.
      5800 19 Mile Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing

      Retail Space Near Hall Road

      Retail space available near Hall Road (M-59) and Mound Road.
      44817 Mound Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing

      Sterling Heights Flex/Industrial Space Available

      Flex/industrial spaces available for lease in Sterling Heights, Michigan.
      7515-7665 19 Mile Rd, Sterling Heights, MI 48314
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    42301 Mound Rd
    Sterling Heights, MI 48314
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    42301 Mound Rd, Sterling Heights, MI, 48314
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!