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    37710 Southbound Gratiot Ave Clinton Township, MI 48036
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    37710 Southbound Gratiot Ave, Clinton Township, MI 48036

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    • Retail properties & Spaces
    • 1,929 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 37710 Southbound Gratiot Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional freestanding restaurant building, formerly a KFC, presents a unique opportunity for a savvy investor or operator. Located at 37710 Southbound Gratiot Ave in Clinton Township, Michigan, 48036, this property boasts a total of 1,929 square feet of space, currently vacant and ready for immediate occupancy. The building sits on a sizable 0.86-acre lot, providing ample space for parking and potential future expansion. The property is zoned B-3 (General Business), allowing for a wide range of commercial uses. Its strategic location on Southbound Gratiot Avenue ensures high visibility and accessibility, making it an ideal spot for a fast-food restaurant or similar business. The existing drive-thru lane is a significant advantage, offering convenience for customers and potentially increasing sales. The building's interior is ready for a complete renovation to suit the needs of a new tenant. This is a rare opportunity to acquire a well-positioned, freestanding building in a thriving commercial area. The property's size and zoning provide flexibility for a variety of businesses, making it a highly desirable investment. Serious inquiries are encouraged. The property is available for lease.

    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
    -82.8882
    Latitude
    42.5747

    Comparable in this City

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    • Value Estimation by Request
      21,756 SF

      44905 Morley Dr

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    • Value Estimation
      $635,000
      3,915 SF

      1617 Gratiot Ave, Unit SB

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    • Value Estimation
      $620,000
      2,628 SF

      37794 Gratiot Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
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    • Value Estimation by Request
      1,890 SF

      37510 Gratiot Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      37510 Gratiot Ave, Clinton Township, MI 48036-2703
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    • Value Estimation
      $595,000
      2,523 SF

      37746 Gratiot Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      37746 Gratiot Ave, Clinton Township, MI 48036-2704
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    Similar Nearby for Sale

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      1,929 SF

      Freestanding Drive-Thru Property For Sale

      Freestanding drive-thru property with substantial parking and monument signage.
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    • $199,900
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      Established Cake Decorating Supply Business

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      Profitable Liquor Store Business Opportunity

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      Renovated Retail Center For Sale

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      Retail Space For Sale

      Retail space available for purchase in Clinton Township, Michigan.
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    Similar Nearby for Lease

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      Restaurant Space on Groesbeck Highway

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      Turn-Key Event Space Available

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    • $1,100 /Mo
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      High-Traffic Retail/Office Space Available

      800 SF space in high-traffic Clinton Township location.
      44623 N Gratiot Ave, Clinton Township, MI 48036
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    Clinton Township, MI 48036
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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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