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Property profile & analytics
OFF-MARKET
Estimated value
$8,815,000
Office buildings
1 Clover Ct, Wixom, MI 48393-2247
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1065383
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
80,023 SF
Lot
12.44 ac (541,886 SF)
Zoning code
IRO
APN
96-22-07-301-015
UPID
US43-1065383
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
Current use
Occupant on record · Public records
-
Channel 56 Television Studio Media Distribution
-
TYC Americas Michigan Mobility Center Industrial Manufacturer Production Facility
-
Artserve Michigan Theater & Performing Art Venue
-
PowerMessage Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.45M
Blend (final)
Blend
$8.82M
Owner & transaction history
W & W Real Property INC · 2 yrs held
W & W Real Property INC
since 2023
3 recorded transactions
Zoning & alternative use
IRO · Wixom, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.1M
+50.2%
Restaurant
$13.9M
+47.6%
Retail stores
$13.5M
+43.9%
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 Wixom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wixom 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
OFFICE BUILDING
$9,385,000
Current use
COMMERCIAL (GENERAL)
$14,095,000
Change: +50% · Conversion: Easy
RESTAURANT
$13,850,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$13,505,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$12,630,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,810,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,725,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$8.82M
Range $7.93M – $9.70M · ±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
$110 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23
Tax year 2023
Assessed value
$4,161,560
Assessed 2024
Effective rate
0.00%
On assessed value
Total market value
$8,323,120
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
ZONE
Cooling
YES
Buildings
4
Stories
1
Units
1
Total area
80,023 SF
Lot
12.44 ac (541,886 SF)
Zoning code
IRO
APN
96-22-07-301-015
UPID
US43-1065383
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IRO · Wixom, MI
Zoning IRO · permitted uses
IRO · Wixom, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wixom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$14.1M
RESTAURANT
Est. value
$13.9M
RETAIL STORES
Est. value
$13.5M
MEDICAL BUILDING
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1997
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
12.44 ac
Current owner
From public records · entity-resolved
W & W Real Property INC
Entity
Free & Clear · 2 yrs held
Mailing address
12900 HAGGERTY RD #2, VAN BUREN TOWNSHIP, MI 48111-2808
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Dec 27, 2023
—
W & W Real Property INC
—
Deed
related
$7,700,000 · First Commercial Bank
Oct 19, 2023
—
W & W Real Property INC
Detroit Educational Television Fndn
Warranty Deed
—
May 24, 2005
—
Detroit Educational Television
Riley Properties LLC
Warranty Deed
—
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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