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Property profile & analytics
OFF-MARKET
Estimated value
$4,885,000
Warehouses
1550 Gratiot Ave SB, Clinton Township, MI 48036-3504
Individually Owned
8-yr Hold
Free & Clear
Property ID
US43-2885035
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
45,406 SF
Lot
3.67 ac (159,865 SF)
Zoning code
B-3
APN
16-11-23-156-028
UPID
US43-2885035
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
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.89M
Owner & transaction history
Kenneth Zielke · 8 yrs held
Kenneth Zielke
since 2017
5 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+110.2%
Medical building
$5.6M
+82.1%
Retail stores
$5.5M
+80.0%
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 Clinton Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton Township 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
WAREHOUSE, STORAGE
$3,060,000
Current use
RESTAURANT
$6,435,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$5,575,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$5,510,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$4,305,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,905,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,390,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,065,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$4.89M
Range $4.40M – $5.37M · ±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
$108 / 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
$79,445
Tax year 2022
Assessed value
$1,864,200
Assessed 2023
Previous assessed
$1,439,200
+29.5% YoY
Effective rate
4.26%
On assessed value
Total market value
$3,728,400
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Stories
1
Total area
45,406 SF
Lot
3.67 ac (159,865 SF)
Zoning code
B-3
APN
16-11-23-156-028
UPID
US43-2885035
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Clinton Township, MI
Zoning B-3 · permitted uses
B-3 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.1M
RESTAURANT
Est. value
$6.4M
MEDICAL BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.9M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (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
2017
Heating
FORCED AIR
Stories
1
Lot
3.67 ac
Current owner
From public records · entity-resolved
Kenneth Zielke
Individual
Free & Clear · 8 yrs held
Mailing address
1550 S GRATIOT AVE, CLINTON TOWNSHIP, MI 48036-3504
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 15, 2021
—
Tayley Storage LLC
—
Deed
related
$6,800,000 · The Farmers & Merchants State Bank
Aug 3, 2017
$425,000
Kenneth Zielke
Gratiot Manchester Dev LLC
Warranty Deed
—
Aug 3, 2017
—
Tayley Storage LLC
—
Grant Deed
related
$2,088,000 · First Fed'l/nthrn Mi
May 9, 2017
—
Tayley Storage LLC
Zielke,kenneth & Darlene
Quit Claim Deed
related
—
Oct 31, 2016
—
Kenneth Zielke
Gratiot Manchester Dev LLC
Quit Claim Deed
related
—
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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