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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Drive through restaurants
5857 15th Mile Rd Sterling Heights, MI 48310-5708
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-1823926
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2010
Total area
3,161 SF
Lot
1.17 ac (51,139 SF)
Zoning code
C-3
APN
10-10-29-478-027
UPID
US43-1823926
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
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
Sterling Heights Mi LLC · 5 yrs held
Sterling Heights Mi LLC
since 2021
Last sale
$2.1M
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
$2,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.08M (Jan 14 2021)
Last sale anchor
$2.08M
Jan 14 2021
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
$701 / 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
$43,844
Tax year 2022
Assessed value
$834,100
Assessed 2023
Previous assessed
$766,400
+8.8% YoY
Effective rate
5.26%
On assessed value
Total market value
$1,668,200
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Stories
1
Total area
3,161 SF
Lot
1.17 ac (51,139 SF)
Zoning code
C-3
APN
10-10-29-478-027
UPID
US43-1823926
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
2010
Heating
FORCED AIR
Stories
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Sterling Heights Mi LLC
Entity
Mailing address
25 GLN CV AVE, GLEN COVE, NY 11542-2805
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2021
$2,075,000
Sterling Heights Mi LLC
Plb King LLC
Warranty Deed
—
Sep 4, 2012
—
Plb King LLC
—
Deed Of Trust
related
$1,100,000 · Hantz Bank
Nov 10, 2010
$1,200,000
Plb King LLC
Lucci & Versaci Real Estate Ll
Warranty Deed
—
Aug 10, 2010
—
Plb King LLC
Lucci & Versaci Real Estate Ll
Grant Deed
related
—
Dec 26, 2008
$600,000
Lucci Ll
15 Mile & Mound Real Estate Ll
Warranty Deed
—
Feb 22, 2005
—
15 Mile & Mound R/e LLC
Bp Products North America INC
Quit Claim Deed
related
—
—
—
Plb King LLC
—
Deed Of Trust
related
$1,140,000 · Hantz Bank
—
—
Plb King LLC
—
Deed Of Trust
related
$1,022,500 · Hantz Bank
—
—
Bp Products North America INC
—
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.
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