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Property profile & analytics
OFF-MARKET
Estimated value
$2,275,000
Commercial real estate
42851 Van Dyke Ave, Sterling Heights, MI 48314-3336
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1108477
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1979
Total area
7,980 SF
Lot
5.59 ac (243,588 SF)
Zoning code
C-3
APN
10-10-09-226-011
UPID
US43-1108477
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
$2.28M
Blend (final)
Blend
$2.28M
Owner & transaction history
42955 Van Dyke Ave LLC · 17 yrs held
42955 Van Dyke Ave LLC
since 2008
7 recorded transactions
Zoning & alternative use
C-3 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.28M
Range $2.05M – $2.50M · ±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
$285 / 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
$58,253
Tax year 2022
Assessed value
$2,227,100
Assessed 2023
Previous assessed
$2,074,700
+7.3% YoY
Effective rate
2.62%
On assessed value
Total market value
$4,454,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Stories
1
Total area
7,980 SF
Lot
5.59 ac (243,588 SF)
Zoning code
C-3
APN
10-10-09-226-011
UPID
US43-1108477
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Sterling Heights, MI
Zoning C-3 · permitted uses
C-3 · 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.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Stories
1
Lot
5.59 ac
Current owner
From public records · entity-resolved
42955 Van Dyke Ave LLC
Entity
Mailing address
5550 HAMPSHIRE DR, WEST BLOOMFIELD, MI 48322-1129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
—
42955 Van Dyke Ave LLC
—
Deed
related
$2,775,000 · Michigan Schools & Government Cu
Jan 31, 2017
—
42955 Van Dyke Ave LLC
—
Deed
related
$4,000,000 · Michigan Schools & Gov't Cu
Jul 24, 2008
—
42955 Van Dyke Ave LLC
Jim Muir Oldsmobile-gmc INC
Warranty Deed
related
—
—
—
42955 Van Dyke Ave LLC
—
Loan Modification
related
$4,500,000 · State Bk
—
—
42955 Van Dyke Ave LLC
—
Deed Of Trust
related
$105,000 · Michigan Fuels INC
—
—
42955 Van Dyke Ave LLC
—
Loan Modification
related
$5,000,000 · State Bk
—
—
42955 Van Dyke Ave LLC
—
Deed Of Trust
related
$3,000,000 · State Bank
—
—
42955 Van Dyke Ave LLC
—
Deed Of Trust
related
$7,500,000 · Michigan Schools & Gov't Cu
—
—
42955 Van Dyke Ave LLC
—
Deed Of Trust
related
$4,000,000 · Michigan Schools & Gov't Cu
—
—
Jim Muir Oldsmobile-gmc INC
—
Deed Of Trust
related
$30,000 · James D Muir
—
—
Jim Muir Oldsmobile-gmc INC
—
Deed Of Trust
related
$750,000 · James D Muir
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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