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    Property profile & analytics

    7385 Triangle Dr Sterling Heights, MI 48314-2318

    • Office buildings
    • 9,171 SF
    • 1.13 lot acres
    OFF-MARKET
    Value Estimations
    $1,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1309083
    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

    • Office buildings

    Property Details for 7385 Triangle Dr

    Year built
    2012
    Lot size
    1.13 lot acres
    Property size
    9,171 SF
    Zone code
    C-3
    Property type
    Office buildings
    APN
    10-10-04-280-039
    APU
    101004280039

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,150,000
      Market price range: $752k - $1.64M
      AI Estimate
      $1,150,000
      Market price range: $752k - $1.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,085,000
      Current use
      COMMERCIAL (GENERAL)
      $1,725,000
      Change: +59% Conversion: Easy
      RESTAURANT
      $1,300,000
      Change: +20% Conversion: Moderate
      MEDICAL BUILDING
      $1,125,000
      Change: +4% Conversion: Easy
      RETAIL STORES
      $955,000
      Change: -12% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling Heights
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0353
    Latitude
    42.6166
    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
    $21,925
    $0.00
    $0.00
    $428,700
    -
    $0.00
    $0.00
    $857,400

    Comparable in this City

    • Value Estimation
      $1,100,000
      11,276 SF

      43456 Mound Rd

      OFFICE BUILDING • 11,276 SF
      43456 Mound Rd, Sterling Heights, MI 48314-2080
      View Details
    • Value Estimation by Request
      1,408 SF

      43130 Dequindre Rd

      OFFICE BUILDING • 1,408 SF
      43130 Dequindre Rd, Sterling Heights, MI 48314-1723
      View Details
    • Value Estimation by Request
      1,611 SF

      43114 Dequindre Rd, Unit 1

      OFFICE BUILDING • 1,611 SF
      43114 Dequindre Rd, Sterling Heights, MI 48314-1723
      View Details
    • Value Estimation by Request
      1,611 SF

      43158 Dequindre Rd, Unit 12

      OFFICE BUILDING • 1,611 SF
      43158 Dequindre Rd, Sterling Heights, MI 48314-1723
      View Details
    • Value Estimation by Request
      1,408 SF

      43126 Dequindre Rd, Unit 4

      OFFICE BUILDING • 1,408 SF
      43126 Dequindre Rd, Sterling Heights, MI 48314-1723
      View Details
    • Value Estimation by Request
      2,613 SF

      43512 Mound Rd

      OFFICE BUILDING • 2,613 SF
      43512 Mound Rd, Sterling Heights, MI 48314-2084
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,000 SF

      Sterling Heights Office Building For Sale

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    • $950,000
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      Sterling Heights Professional Office Building

      Custom-built office building in high-traffic Sterling Heights location.
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      Medical Condo Complex For Sale

      Medical condo complex near Corewell Health Beaumont Troy Hospital.
      43150 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      9,200 SF

      Move-in Ready Medical Space

      Premium medical space near Troy Beaumont Hospital with private parking.
      43114-43136 Dequindre Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      9,200 SF

      Turnkey Medical Office Near Hospital

      6,800 SF medical office ideal for various specialties.
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    • $250,000
      0.76 Acres

      Go USA Building: Executive Suites

      Historic Chelan County Office Space; Prime Location
      43498 Mound Rd, Sterling Heights, MI 48314
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    Similar Nearby for Lease

    • $20 SF/Yr

      Professional Office Building For Lease

      Office building with direct suite entry and ample parking.
      44028 Mound Rd, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      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
    • $192 SF/Yr
      22,000 SF

      Van Dyke Ave Office Space for Lease

      Modern Sterling Heights Office Suites Available
      42140 Van Dyke Ave, Sterling Heights, MI 48314
      View Details
    • Contact for pricing

      Sterling Heights Office Space Available

      Office space available for rent in Sterling Heights, Michigan.
      18 1/2 And Mound, Sterling Heights, MI 48314
      View Details
    • Contact for pricing
      100,490 SF

      Turn-Key Medical Suites For Lease

      Medical suites available for lease, connected to Corewell Health Beaumont.
      44344 Dequindre Rd, Sterling Heights, MI 48314
      View Details
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    7385 Triangle Dr
    Sterling Heights, MI 48314-2318
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    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
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