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Property profile & analytics
OFF-MARKET
Estimated value
$2,650,000
Specialty properties
16980 18th Mile Rd Clinton Township, MI 48038-2000
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1143935
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1990
Total area
27,692 SF
Lot
5.76 ac (250,818 SF)
Zoning code
B-2
APN
16-11-17-100-024
UPID
US43-1143935
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
by Request
Blend (final)
Blend
$2.65M
Owner & transaction history
House Of Rashid LLC · 3 yrs held
House Of Rashid LLC
since 2023
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
B-2 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,925,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$3,400,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,360,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,625,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,380,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,900,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,870,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.65M
Range $2.39M – $2.92M · ±10% · vs last sale $2.65M (Jan 10 2023)
Last sale anchor
$2.65M
Jan 10 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
$96 / 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
$64,790
Tax year 2022
Assessed value
$1,576,100
Assessed 2023
Previous assessed
$1,477,800
+6.7% YoY
Effective rate
4.11%
On assessed value
Total market value
$3,152,200
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Stories
1
Total area
27,692 SF
Lot
5.76 ac (250,818 SF)
Zoning code
B-2
APN
16-11-17-100-024
UPID
US43-1143935
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Clinton Township, MIZoning B-2 · permitted uses
B-2 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.9M
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
1990
Heating
FORCED AIR
Stories
1
Lot
5.76 ac
Current owner
From public records · entity-resolved
House Of Rashid LLC
Entity
Mailing address
16980 18TH MILE RD, CLINTON TOWNSHIP, MI 48038-2000
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2025
—
House Of Rashid LLC
—
Deed
related
$200,000 · Mirage Building LLC
May 11, 2023
—
House Of Rasuid LLC
—
Deed
related
$500,000 · Mirage Building LLC
Jan 18, 2023
$3,650,000
House Of Rashid LLC
Mirage Building LLC
Correction Deed
related
—
Jan 10, 2023
$2,650,000
House Of Rashid LLC
Mirage Building LLC
Warranty Deed
$350,000 · Mirage Building LLC
Jan 10, 2023
—
House Of Rashid LLC
—
Deed
related
$4,000,000 · First Internet Bank Of Indiana
Mar 1, 2019
—
Mirage Building LLC
—
Deed
related
$2,660,000 · Flagstar Bank Fsb
Jun 17, 2016
—
Mirage Building LLC
—
Deed
related
$1,985,000 · Northeast Bank
—
—
Mirage Building LLC
—
Deed Of Trust
related
$3,603,819 · Bc20 LLC
—
—
Mirage Building LLC
—
Deed Of Trust
related
$2,000,000 · Standard Insurance Co
—
—
Mirage Building LLC
—
Deed Of Trust
related
$350,000 · Comerica Bank
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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