Property profile

43120 Utica Rd Sterling Heights, MI 48314

OFF-MARKET
Office buildings
Property ID
US43-1689606
5,210 SF 0.63 ac lot Built 1991
Entity Owned 18-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1991
Construction BRICK
Total area 5,210 SF
Lot 0.63 ac (27,443 SF)
Zoning code O-1
APN 10-10-03-351-006
UPID US43-1689606

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
  • Law Firm
  • Insurance Agency
  • Adoption Agency
  • Construction Company General Contractor
  • Law Firm Child Welfare Organization

Location

43120 Utica Rd Sterling Heights, MI 48314-3579
Sterling Heights metro Census 230501 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
$686k
Blend (final) Blend
$250k

Owner & transaction history

since 2008
1 recorded transaction
2008
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) $980,000 +59.3%
Restaurant $740,000 +20.0%
Medical building $640,000 +3.9%

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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