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

    Diamond Dr Clinton Township, MI 48035

    • Land
    • 13.03 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Diamond Dr

    Lot size
    13.03 lot acres
    Property type
    Land

    Description

    This exceptional 13.03-acre parcel of land presents a unique opportunity for industrial development in Clinton Township, Michigan. Located on Diamond Dr, zip code 48035, this property boasts a prime location within Macomb County and is zoned for industrial use. The single-tenant zoning allows for flexibility in development plans, making it ideal for a variety of industrial projects. The expansive lot size offers ample space for construction, storage, or other industrial applications. The seller is open to selling the land outright, but would also consider developing the site in partnership with a suitable buyer. This presents a compelling opportunity for both land acquisition and potential joint venture development. The property's size also allows for the possibility of subdividing the parcel, creating additional development opportunities. Situated in a strategic location within Macomb County, this property offers excellent access to major transportation routes, ensuring efficient logistics and distribution. Detailed zoning information and site plans are available upon request. This is a rare opportunity to acquire a significant industrial land parcel in a thriving Michigan market. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8836
    Latitude
    42.5589

    Comparable in this City

    • Value Estimation by Request
      1.12 Acres

      34010 Southbound Gratiot Ave

      Restaurants • 3,295 SF
      34010 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      4.98 Acres

      Groesbeck & Metropolitan Pkwy

      Land • 4.98 Acres
      0 Groesbeck & Metropolitan Pkwy, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      0.92 Acres

      Garfield Rd

      Land • 0.92 Acres
      0 Garfield Rd, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request

      34010 Southbound Gratiot Ave

      Restaurants
      34010 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      4.97 Acres

      Groesbeck Hwy

      Land • 4.97 Acres
      0 Groesbeck Hwy, Clinton Township, MI 48035
      View Details
    • Value Estimation by Request
      5.40 Acres

      Gratiot-Avenue

      Land • 5.40 Acres
      0 Gratiot-Avenue, Clinton Township, MI 48035
      View Details

    Similar Nearby for Sale

    • $1,200,000
      4.97 Acres

      Groesbeck Hwy Industrial Land

      4.97 Acres, I-1 Zoning, High Visibility
      0 Groesbeck Hwy, Clinton Township, MI 48035
      View Details
    • Contact for pricing

      Vacant Land Available

      Vacant land for sale in Clinton Charter Township, Michigan.
      00 Maynard St, Clinton Township, MI 48035
      View Details
    • $399,000
      1.93 Acres

      Union Lake Villas: Apartment Complex

      20-unit apartment complex, prime location
      16 Mile Rd, Harrison Township, MI 48035
      View Details
    • Contact for pricing

      Prime Gratiot Ave Restaurant Site

      3,295 SF, Drive-Thru, High Traffic
      34010 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • $49,000
      0.26 Acres

      Industrial Land: Clinton Township, MI

      0.258-acre lot, I-1 zoning, $49,000
      35451 Hengesbach Dr, Clinton Township, MI 48035
      View Details
    • $550,000
      4.37 Acres

      Prime Clinton Twp Office/Land

      Executive Office, Residential Land, High Visibility
      36744 Utica Rd, Clinton Township, MI 48035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,000 SF

      Diamond Drive Industrial Land

      13-Acre Industrial Land Parcel in Clinton Township
      0 Diamond Dr, Clinton Township, MI 48035
      View Details
    • Contact for pricing
      3,295 SF

      Prime Clinton Twp. Restaurant w/ Drive-Thru

      3,295 SF Freestanding Restaurant on 1.12 Acres
      34010 Southbound Gratiot Ave, Clinton Township, MI 48035
      View Details
    • Contact for pricing

      Commercial Land on Groesbeck Highway

      High-traffic location with drive-thru potential in Clinton Township.
      34360 Groesbeck Hwy, Clinton Township, MI 48035
      View Details
    • $550 /Mo

      Professionally Managed Office Building For Rent

      Well-maintained office building with multiple private entrances.
      35807 Moravian Rd, Clinton Township, MI 48035
      View Details
    • $1,750 /Mo

      Flex Space with Office Component

      1800 SF flex space with office and overhead door.
      22657 15 Mile Rd, Clinton Township, MI 48035
      View Details
    • $7 SF/Yr
      5,050 SF

      Industrial Space Available For Lease

      5,050 SF industrial space for lease.
      35445 Groesbeck Hwy, Clinton Township, MI 48035
      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.
    Diamond Dr
    Clinton Township, MI 48035
    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.