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Property profile & analytics
OFF-MARKET
Industrial properties
6021 Millett Ave, Sterling Heights, MI 48312-2641
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-0203306
Property summary
AI-generated overview
This single-tenant flex space, located at 6021 Millett Ave in Sterling Heights, MI 48312, offers 1,357 square feet of versatile space ideal for a variety of businesses. Originally built in 1960 and completely renovated in 2023, this one-story building provides a modern and functional workspace. The flexible layout allows for customization to suit diverse operational needs, whether it's office space, equipment storage, or a combination of both. The property is perfectly suited for businesses such as landscaping, towing, delivery services, or contracting. Modern amenities include a full kitchen equipped with granite countertops, refrigerator, freezer, dishwasher, and stove
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1960
Total area
895 SF
Lot
0.15 ac (6,534 SF)
Zoning code
M-1
APN
10-10-28-352-005
UPID
US43-0203306
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
by Request
Owner & transaction history
Jacob Gaggo · 1 yrs held
Jacob Gaggo
since 2025
Last sale
$227,500
4 recorded transactions
Zoning & alternative use
M-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,499
Tax year 2022
Assessed value
$52,600
Assessed 2023
Previous assessed
$44,900
+17.1% YoY
Effective rate
4.75%
On assessed value
Total market value
$105,200
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
895 SF
Lot
0.15 ac (6,534 SF)
Zoning code
M-1
APN
10-10-28-352-005
UPID
US43-0203306
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.
Building & site characteristics
From public records
Year built
1960
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Jacob Gaggo
Individual
Free & Clear · 1 yrs held
Mailing address
879 SANDALWOOD DR, TROY, MI 48085-1643
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
$227,500
Jacob Gaggo
Naseem Sesi
Warranty Deed
—
Mar 27, 2019
—
Ensens LLC
Millett Holdings LLC
Quit Claim Deed
related
—
Aug 31, 2016
—
Millett Holdings LLC
Sesi,bryan & Salam
Warranty Deed
—
Nov 5, 2010
—
Millet Holdings LLC
Sesi,bryan & Salam
Grant Deed
—
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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