Property profile

43205 Schoenherr Rd Sterling Heights, MI 48313

FOR SALE
Medical Office Space
Property ID
US43-0961752
Built 2006
Entity Owned 4-yr Hold
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43205 Schoenherr Rd, Sterling Heights, MI 48313 For Sale
$600,000
43205 Schoenherr Rd, Sterling Heights, MI 48313
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Property summary

AI-generated overview

2,500 square foot dental medical office asset in Sterling Heights with a strong national tenant on a net lease Current rent is just over fifty two thousand per year with two percent annual increases and term in place through May 2028 Highly visible along the Schoenherr Road corridor with quick access to Hall Road M 59 and the city’s Golden Corridor retail and medical hub Clean professional build out and on site surface parking Simple low management income stream in a high demand suburb Ideal fit for 1031 buyers and investors seeking stable cash flow. Showings by appointment ONLY. Contact listing agent for further info. bikeScore: 33, Somewhat Bikeable walkScore: 0, Car-Dependent

Property profile

Verified
Property type Medical Office Space
Year built 2006
UPID US43-0961752

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

43205 Schoenherr Rd Sterling Heights, MI 48313
Sterling Heights metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2022
1 recorded transaction
2022
$500,000

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?”
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