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Property profile & analytics
OFF-MARKET
Estimated value
$2,775,000
Commercial real estate
188 Hubbard St 203, Mount Clemens, MI 48043-5449
Entity Owned
~
Est. High Equity
Property ID
US43-4425485
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
41,280 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RM-2
APN
05-11-10-428-014
UPID
US43-4425485
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
$2.78M
Blend (final)
Blend
$2.78M
Owner & transaction history
Barwin Partners LLC
Barwin Partners LLC
since 2026
7 recorded transactions
Zoning & alternative use
RM-2 · Mount Clemens, 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 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
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
COMMERCIAL (GENERAL)
$4,245,000
Current use
RETAIL STORES
$3,605,000
Change: -15% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,550,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.05M · ±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
$67 / 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
$67,215
Tax year 2023
Assessed value
$1,042,200
Assessed 2024
Previous assessed
$1,042,200
+0.0% YoY
Effective rate
6.45%
On assessed value
Total market value
$2,084,400
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
3
Total area
41,280 SF
Lot
2.37 ac (103,237 SF)
Zoning code
RM-2
APN
05-11-10-428-014
UPID
US43-4425485
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RM-2 · Mount Clemens, MI
Zoning RM-2 · permitted uses
RM-2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.2M
RETAIL STORES
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1970
Heating
FORCED AIR
Stories
3
Lot
2.37 ac
Current owner
From public records · entity-resolved
Barwin Partners LLC
Entity
Mailing address
9930 N WHITTIER ST, DETROIT, MI 48224-1811
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2026
—
Amr Ahmed
—
Deed
related
$1,000,000 · Next Bridge Funding LLC
Mar 6, 2026
—
Barwin Partners LLC
Jerry Watha
Quitclaim Deed
related
—
Mar 10, 2025
—
Hubbard Reality LLC
Michigan State Holdings LLC
Deed
—
Sep 6, 2024
—
R & J Group Holdings LLC
Barwin Partners LLC
Warranty Deed
$1,500,000 · Oxford Bank
Jul 27, 2022
—
Barwin Partners LLC
Barwin Place Group LLC
Deed
—
Jul 13, 2018
—
Barwin Place Group LLC
Barwin Place Apartments LLC
Deed
$1,612,000 · Arbor Commercial Funding LLC
Jul 6, 2006
$1,300,000
Barwin Place Apartments LLC
Hubbard Apartments LLC
Warranty Deed
—
—
—
Barwin Place Apartments LLC
—
Deed Of Trust
related
$110,000 · Homebanc
—
—
Barwin Place Apartments LLC
—
Deed Of Trust
related
$1,040,000 · Lasalle National 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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