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Property profile & analytics
OFF-MARKET
Estimated value
$1,320,000
Flex space
148 Groesbeck Hwy Ste A Mount Clemens, MI 48043-1525
Entity Owned
14-yr Hold
Free & Clear
Property ID
US43-5252949
Property summary
AI-generated overview
This exceptional 2,500 square foot warehouse space is immediately available for lease in Mount Clemens, Michigan. Located at 148 N Groesbeck Hwy, 48043, this single-story industrial property offers a functional and efficient layout ideal for various business needs. The unit boasts a generous 16-foot ceiling height, providing ample vertical storage capacity. With one drive-in door for convenient loading and unloading, this space ensures smooth operations. The property sits on 1.048 acres of land and is part of a larger building totaling 19,360 square feet. While the minimum leasable space is 2,500 square feet, the maximum contiguous space available is also 2,500 square feet. The property features abundant parking, catering to employee and client needs. Power is supplied by a robust 600-amp service. The property is zoned for industrial use, making it suitable for a wide range of businesses. This is a fantastic opportunity to secure a well-located, functional warehouse space in a thriving industrial area. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1963
Total area
19,360 SF
Lot
1.05 ac (45,651 SF)
Zoning code
L-1
APN
05-11-10-426-003
UPID
US43-5252949
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
$1.32M
Blend (final)
Blend
$1.32M
Owner & transaction history
Ferrari Ventures LLC · 14 yrs held
Ferrari Ventures LLC
since 2012
3 recorded transactions
Zoning & alternative use
L-1 · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+57.7%
Retail stores
$1.7M
+34.1%
Auto repair, garage
$1.7M
+31.9%
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 Mount Clemens submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Clemens 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)
$1,260,000
Current use
COMMERCIAL (GENERAL)
$1,990,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$1,690,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,665,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$1,305,000
Change: +3% · Conversion: Easy
OFFICE BUILDING
$1,145,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.19M – $1.45M · ±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
$68 / 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
$28,003
Tax year 2022
Assessed value
$530,900
Assessed 2023
Previous assessed
$508,100
+4.5% YoY
Effective rate
5.27%
On assessed value
Total market value
$1,061,800
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
Off-Market
Year built
1963
Heating
FORCED AIR
Stories
1
Total area
19,360 SF
Lot
1.05 ac (45,651 SF)
Zoning code
L-1
APN
05-11-10-426-003
UPID
US43-5252949
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
L-1 · Mount Clemens, MI
Zoning L-1 · permitted uses
L-1 · Mount Clemens, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mount Clemens. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1963
Heating
FORCED AIR
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Ferrari Ventures LLC
Entity
Free & Clear · 14 yrs held
Mailing address
148 N GROESBECK HWY, MOUNT CLEMENS, MI 48043-1525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2012
$805,000
Ferrari Ventures LLC
Lymburner,scott B & Patricia L
Warranty Deed
—
Jan 24, 2007
—
Ferrari Ventures LLC
Lymburner,scott B & Patricia L
Grant Deed
—
Jan 24, 2007
$490,000
Scott B Lymburner
Lymburner,robert
Warranty Deed
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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