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Property profile & analytics
FOR LEASE
Flex space
6125 Center Dr Sterling Heights, MI 48312
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1762811
For Lease
1 / 2
$9.50 SF/Yr
6125 Center Dr, Sterling Heights, MI 48312
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Total area
41,549 SF
Lot
3.3 ac (143,748 SF)
Zoning code
M-2
APN
10-10-28-100-027
UPID
US43-1762811
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
$3.73M
Blend (final)
Blend
$3.74M
Owner & transaction history
Conti Properties LLC · 14 yrs held
Conti Properties LLC
since 2011
4 recorded transactions
Zoning & alternative use
M-2 · Sterling Heights, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.9M
+99.0%
Medical building
$5.1M
+72.4%
Office building
$4.9M
+65.9%
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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,960,000
Current use
RESTAURANT
$5,890,000
Change: +99% · Conversion: Difficult
MEDICAL BUILDING
$5,105,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$4,910,000
Change: +66% · Conversion: Difficult
RETAIL STORES
$4,335,000
Change: +46% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,575,000
Change: +21% · Conversion: Easy
WAREHOUSE, STORAGE
$2,800,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$3.74M
Range $3.36M – $4.11M · ±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
$90 / 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
$42,936
Tax year 2022
Assessed value
$1,563,900
Assessed 2023
Previous assessed
$1,450,300
+7.8% YoY
Effective rate
2.75%
On assessed value
Total market value
$3,127,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1995
Heating
FORCED AIR
Stories
1
Total area
41,549 SF
Lot
3.3 ac (143,748 SF)
Zoning code
M-2
APN
10-10-28-100-027
UPID
US43-1762811
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M-2 · Sterling Heights, MI
Zoning M-2 · permitted uses
M-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.0M
RESTAURANT
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.1M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
FORCED AIR
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Conti Properties LLC
Entity
Mailing address
6125 CTR DR, STERLING HEIGHTS, MI 48312-2667
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
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
Sep 27, 2016
—
Conti Properties LLC
—
Deed
related
$1,850,000 · Talmer Bank And Trust
Sep 14, 2011
—
Conti Properties LLC
Equitrust Life Ins Co
Grant Deed
$1,250,000 · Citizens Federal Bank Fsb
Sep 7, 2010
—
Equitrust Life Ins Co
Kemp & Peyerk-sterling LLC
Grant Deed
—
Jan 31, 2007
—
Kemp & Peyerk-sterling LLC
Apex Land
Warranty 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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