Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7358 Triangle Dr Sterling Heights, MI 48314-2315

    • Commercial real estate
    • 7,449 SF
    • 0.92 lot acres
    OFF-MARKET
    Value Estimations
    $1,260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0093285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 7358 Triangle Dr

    Year built
    2005
    Lot size
    0.92 lot acres
    Property size
    7,449 SF
    Zone code
    C-3
    Property type
    Commercial real estate
    APN
    10-10-04-427-030
    APU
    101004427030

    Description

    This exceptional Sterling Heights retail property, located on a prominent corner of Utica Road, presents a lucrative investment opportunity. The 7,449 square foot building offers a versatile layout suitable for a convenience store, grocery store, or pharmacy/drug store, capitalizing on high community demand. A significant asset is the inclusion of a spacious 25-door cooler, ideal for efficient inventory management of perishable goods and beverages. Further enhancing its potential, the property boasts a fully equipped commercial kitchen, providing opportunities for expanded services or diversified revenue streams. This turnkey operation allows for immediate revenue generation. The building's location ensures high visibility and accessibility, contributing to consistent customer traffic. Rental terms are negotiable, offering flexibility for potential buyers. This property is ready for a new owner to take advantage of its established success and prime location in a thriving Michigan community. The asking price is $285,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,260,000
      Market price range: $414k - $1.26M
      AI Estimate
      $1,260,000
      Market price range: $414k - $1.26M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $765,000
      Current use
      RESTAURANT
      $1,055,000
      Change: +38% Conversion: Difficult
      MEDICAL BUILDING
      $915,000
      Change: +19% Conversion: Easy
      RETAIL STORES
      $775,000
      Change: +1% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0357
    Latitude
    42.6159
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,471
    $0.00
    $0.00
    $557,300
    -
    $0.00
    $0.00
    $1,114,600

    Comparable in this City

    • Value Estimation by Request

      6633 18 Mile Rd, Unit 1A

      COMMERCIAL (GENERAL)
      6633 18 Mile Rd, Sterling Heights, MI 48314-4215
      View Details
    • Value Estimation by Request

      6633 18th Mile Rd

      COMMERCIAL (GENERAL)
      6633 18th Mile Rd, Sterling Heights, MI 48314-4215
      View Details
    • Value Estimation by Request
      8.24 Acres

      2900 Dobry Dr

      COMMERCIAL (GENERAL) • 8.24 Acres
      2900 Dobry Dr, Sterling Heights, MI 48314
      View Details
    • Value Estimation by Request
      2.89 Acres

      42370 Parkside Cir

      COMMERCIAL (GENERAL) • 2.89 Acres
      42370 Parkside Cir, Sterling Heights, MI 48314-3318
      View Details
    • Value Estimation by Request

      44981 Ryan Rd

      COMMERCIAL (GENERAL)
      44981 Ryan Rd, Sterling Heights, MI 48314-1129
      View Details
    • Value Estimation
      $2,275,000
      7,980 SF

      42851 Van Dyke Ave

      COMMERCIAL (GENERAL) • 7,980 SF
      42851 Van Dyke Ave, Sterling Heights, MI 48314-3336
      View Details

    Similar Nearby for Sale

    • $250,000
      0.76 Acres

      Go USA Building: Executive Suites

      Historic Chelan County Office Space; Prime Location
      43498 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $141,999
      0.31 Acres

      Sterling Heights Commercial Property For Sale

      Commercial property available for purchase in Sterling Heights, Michigan.
      42401 Mound Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      1,196 SF

      Prime Retail Space, Sterling Heights

      High-traffic location, excellent visibility.
      44575-44833 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $219,900

      Spacious Condo with Upgrades

      Open layout condo with upgraded kitchen and community amenities.
      3769 Cherry Creek Ln, Sterling Heights, MI 48314
      View Details
    • $699,000
      0.96 Acres

      Sterling Heights Commercial Land Opportunity

      Prime corner lot with development potential in high-traffic area.
      44096 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $141,999
      0.31 Acres

      Sterling Heights Commercial Property For Sale

      Commercial property available for sale in Sterling Heights, Michigan.
      42389 Mound Rd, Sterling Heights, MI 48314
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,950 SF

      Sterling Heights Office Space Available

      Office space available for lease in Sterling Heights, Michigan.
      44028 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $9 SF/Yr
      91,593 SF

      Modern Industrial/Flex Facility Available

      Subdividable industrial/flex space with office, truck wells, and frontage.
      40800 Enterprise Dr, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      258,105 SF

      Sterling Heights Office Space For Lease

      Modern Office Suites, Abundant Parking
      44575-44833 Mound Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      73,505 SF

      New Construction Industrial Space Available

      73,505 SF industrial space for lease in Sterling Heights.
      42605 Van Dyke Ave, Sterling Heights, MI 48314
      View Details
    • $12 SF/Yr
      7,000 SF

      Mound Road Office Space Available

      1,400 SF Office Suite in Sterling Heights
      44478-44480 Mound Rd, Sterling Heights, MI 48314
      View Details
    • $1,600 /Mo

      Sterling Heights Retail/Office Space

      Three 1,400 SF units for lease in Sterling Heights.
      5625 18 Mile Rd, Sterling Heights, MI 48314
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7358 Triangle Dr
    Sterling Heights, MI 48314-2315
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.