Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    1 Main St Mount Clemens, MI 48043-5613

    • Government properties
    • 34,109 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1069895
    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

    • Government properties

    Property Details for 1 Main St

    Year built
    1930
    Lot size
    0.39 lot acres
    Property size
    34,109 SF
    Zone code
    CB
    Property type
    Government properties
    APN
    05-11-14-209-013
    APU
    51114209013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Clemens
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8788
    Latitude
    42.5971
    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
    $47,007
    $0.00
    $0.00
    $1,082,400
    -
    $0.00
    $0.00
    $2,164,800

    Comparable in this City

    • Value Estimation by Request
      2,685 SF

      1310 Southbound Gratiot Ave, Unit SB

      CENTRALLY ASSESSED • 2,685 SF
      1310 Southbound Gratiot Ave, Mount Clemens, MI 48043-6532
      View Details
    • Value Estimation by Request
      4,149 SF

      100 Cass Ave

      CENTRALLY ASSESSED • 4,149 SF
      100 Cass Ave, Mount Clemens, MI 48043-2383
      View Details
    • Value Estimation by Request
      9,900 SF

      120 Main St

      CENTRALLY ASSESSED • 9,900 SF
      120 Main St, Mount Clemens, MI 48043-5605
      View Details
    • Value Estimation by Request
      12,079 SF

      226 Crocker Blvd

      FUNERAL HOME • 12,079 SF
      226 Crocker Blvd, Mount Clemens, MI 48043-2508
      View Details
    • Value Estimation by Request
      3,194 SF

      75 Dickinson St

      FUNERAL HOME • 3,194 SF
      75 Dickinson St, Mount Clemens, MI 48043-5926
      View Details
    • Value Estimation by Request
      75,267 SF

      300 Groesbeck Hwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 75,267 SF
      300 Groesbeck Hwy, Mount Clemens, MI 48043-1545
      View Details

    Similar Nearby for Sale

    • $249,900

      Mount Clemens Specialty Property

      Specialty property available for sale in Mount Clemens, Michigan.
      111 Kibbee St, Mount Clemens, MI 48043
      View Details
    • $349,900
      2,134 SF

      Updated Triplex in Mount Clemens

      Well-maintained triplex with modern updates and full occupancy.
      40 Ahrens St, Mount Clemens, MI 48043
      View Details
    • $195,000
      43,124 SF

      Mount Clemens Industrial Warehouse

      43,124 SF Warehouse, Manufacturing
      100 Macomb Daily Dr, Mount Clemens, MI 48043
      View Details
    • $32,000
      0.22 Acres

      Residential Vacant Land in Mt. Clemens

      Residential vacant land in Breitmeyer Hills Subdivision.
      80 Moross St, Mount Clemens, MI 48043
      View Details
    • Contact for pricing
      31,906 SF

      Downtown Mt. Clemens Redevelopment Opportunity

      31,906 SF building in Mt. Clemens for sale/lease.
      7 North Main St, Mount Clemens, MI 48043
      View Details
    • Contact for pricing
      60,000 SF

      Downtown Mt. Clemens Redevelopment Opportunity

      Seven-story, 60,000 SF building on 1.23 acres in downtown Mt. Clemens.
      67 Cass Ave, Mount Clemens, MI 48043
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      22,300 SF

      Gratiot Plaza Retail Space Available

      Prime Mt. Clemens Retail Strip Center
      234 Gratiot Ave, Mount Clemens, MI 48043
      View Details
    • $1,974 /Mo

      Downtown Mount Clemens Office Space

      Professionally managed office building in walkable downtown location.
      10 S Main St, Mount Clemens, MI 48043
      View Details
    • $2,100 /Mo

      Downtown Mount Clemens Retail/Office Space

      Prime retail or office space in downtown Mount Clemens.
      70 Cherry St, Mount Clemens, MI 48043
      View Details
    • $6 SF/Yr
      55,000 SF

      Prime Mount Clemens Warehouse Space

      55,000 SF Warehouse - Immediate Occupancy
      237 River Rd, Mount Clemens, MI 48043
      View Details
    • $5 SF/Yr
      103,288 SF

      Mount Clemens Warehouse Space Available

      Sublease opportunity in Mount Clemens through August 1, 2030.
      151 Lafayette St, Mount Clemens, MI 48043
      View Details
    • $2,346,000
      27,600 SF

      Hi-Bay Industrial Park Building

      Well-maintained industrial building with easy access and main road exposure.
      175-185 Malow St, Mount Clemens, MI 48043
      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.
    1 Main St
    Mount Clemens, MI 48043-5613
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.