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Property profile & analytics
OFF-MARKET
Estimated value
$3,520,000
Flex space
150 Rose St, Mount Clemens, MI 48043-2176
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1760797
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1987
Total area
32,200 SF
Lot
2.54 ac (110,599 SF)
Zoning code
L-1
APN
05-11-15-403-008
UPID
US43-1760797
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
$2.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.52M
Owner & transaction history
Assurity Life Insurance Company · 2 yrs held
Assurity Life Insurance Company
since 2023
Last sale
$3.9M
4 recorded transactions
Zoning & alternative use
L-1 · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+117.5%
Medical building
$4.0M
+88.4%
Commercial (general)
$3.3M
+57.7%
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
$3,660,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,895,000
6.5%
$2,670,000
7%
$2,480,000
Alternative Use
Use
Estimation
RESTAURANT
$4,565,000
Change: +117% · Conversion: Difficult
MEDICAL BUILDING
$3,955,000
Change: +88% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,310,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$2,815,000
Change: +34% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,770,000
Change: +32% · Conversion: Easy
WAREHOUSE, STORAGE
$2,170,000
Change: +3% · Conversion: Easy
Blend value · Realmo final
$3.52M
Range $3.17M – $3.87M · ±10% · vs last sale $3.87M (Aug 3 2023)
Last sale anchor
$3.87M
Aug 3 2023
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
$109 / 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
$28,841
Tax year 2022
Assessed value
$650,100
Assessed 2023
Previous assessed
$650,100
+0.0% YoY
Effective rate
4.44%
On assessed value
Total market value
$1,300,200
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
1987
Heating
FORCED AIR
Stories
1
Total area
32,200 SF
Lot
2.54 ac (110,599 SF)
Zoning code
L-1
APN
05-11-15-403-008
UPID
US43-1760797
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
RESTAURANT
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.3M
RETAIL STORES
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.2M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1987
Heating
FORCED AIR
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Assurity Life Insurance Company
Entity
Free & Clear · 2 yrs held
Mailing address
154 S ROSE ST, MOUNT CLEMENS, MI 48043-2176
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2023
—
Assurity Life Insurance Company
Sterling Land Group LLC
Assignment Of Lease (leasehold Sale)
—
Aug 3, 2023
$3,873,030
Sterling Land Group LLC
Manabal Groesbeck LLC
Warranty Deed
$2,520,000 · Assurity Life Insurance Company
Nov 17, 2011
$925,000
Manabal Groesbeck LLC
Berkadia Commercial Mortgage LLC
Redemption Deed
related
$925,000 · Assurity Life Insurance Company
Aug 31, 2011
$1,020,000
Sbms Vii 2000-c1 Groesbeck Ind
Deputy Sheriff Of Macomb County
Trustees 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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