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Property profile & analytics
FOR LEASE
Flex space
42605 Van Dyke Ave Sterling Heights, MI 48314
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1704878
For Lease
1 / 8
$975,000
42605 Van Dyke Ave, Sterling Heights, MI 48314
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2016
Total area
10,594 SF
Lot
4.41 ac (192,100 SF)
Zoning code
M-1
APN
10-10-09-200-046
UPID
US43-1704878
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
$975k
Blend (final)
Blend
$975k
Owner & transaction history
Crsm 42605 LLC · 7 yrs held
Crsm 42605 LLC
since 2019
6 recorded transactions
Zoning & alternative use
M-1 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.5M
+99.0%
Medical building
$1.3M
+72.4%
Office building
$1.3M
+65.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$755,000
Current use
RESTAURANT
$1,500,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$1,300,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$1,250,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$1,105,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$910,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$715,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
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
$44,172
Tax year 2022
Assessed value
$844,500
Assessed 2023
Previous assessed
$813,000
+3.9% YoY
Effective rate
5.23%
On assessed value
Total market value
$1,689,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
2016
Heating
FORCED AIR
Stories
1
Total area
10,594 SF
Lot
4.41 ac (192,100 SF)
Zoning code
M-1
APN
10-10-09-200-046
UPID
US43-1704878
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-1 · Sterling Heights, MI
Zoning M-1 · permitted uses
M-1 · Sterling Heights, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sterling Heights. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$755,000
RESTAURANT
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$910,000
WAREHOUSE, STORAGE
Est. value
$715,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2016
Heating
FORCED AIR
Stories
1
Lot
4.41 ac
Current owner
From public records · entity-resolved
Crsm 42605 LLC
Entity
Mailing address
2051 GRN RD STE D, DEERFIELD BEACH, FL 33064-1065
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2020
—
Crsm 7800 LLC
—
Deed
related
$6,750,000 · Miscellaneous Ins Co
May 20, 2019
—
Crsm 42605 LLC
Steven M Mancini Electing Small Bus
Warranty Deed
$4,200,000 · Flagstar Bank Fsb
—
—
Mancini Ents LLC
—
Deed Of Trust
related
—
—
—
Mancini Ents LLC
—
Deed Of Trust
related
—
—
—
Crsm 7800 LLC
—
Deed Of Trust
related
$6,750,000 · Miscellaneous Ins Co
—
—
Mancini Ents LLC
—
Deed Of Trust
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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