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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Office buildings
2 Crocker Blvd, Mount Clemens, MI 48043-2528
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1643542
Property summary
AI-generated overview
This exceptional office building at 2 Crocker Blvd in Mount Clemens, Michigan, offers a variety of professional office spaces ideal for businesses of all sizes. Located in the heart of downtown, this three-story building provides convenient access to the courts and county buildings, ensuring efficiency and ease of operation. The property features a traditional office layout with executive office options available, allowing for customization to meet specific business needs. Multiple tenancies are available, with spaces ranging from 625 to 1,125 square feet. The minimum divisible space is 1,125 square feet, and the maximum contiguous space is also 1,125 square feet. The building is zoned for office use and benefits from convenient on-site parking. Tenants are responsible for their own electricity. This is a single-building property in Macomb County, offering a prime location for businesses seeking a professional and accessible workspace in the vibrant downtown Mount Clemens area. The property's central location and ample parking make it an attractive option for businesses seeking a convenient and efficient work environment. The zip code is 48043.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
14,792 SF
Lot
0.64 ac (27,878 SF)
Zoning code
MU
APN
05-11-14-276-002
UPID
US43-1643542
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
$835k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$1.07M
Owner & transaction history
Edward Schollenberger · 1 yrs held
Edward Schollenberger
since 2025
Last sale
$1.1M
3 recorded transactions
Zoning & alternative use
MU · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+74.2%
Retail stores
$1.3M
+48.1%
Auto repair, garage
$1.3M
+45.7%
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
$905,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$905,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
COMMERCIAL (GENERAL)
$1,520,000
Change: +74% · Conversion: Easy
RETAIL STORES
$1,295,000
Change: +48% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,270,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,000,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$965,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.05M (Mar 24 2025)
Last sale anchor
$1.05M
Mar 24 2025
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
$72 / 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
$34,870
Tax year 2022
Assessed value
$767,700
Assessed 2023
Previous assessed
$718,800
+6.8% YoY
Effective rate
4.54%
On assessed value
Total market value
$1,535,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
2
Total area
14,792 SF
Lot
0.64 ac (27,878 SF)
Zoning code
MU
APN
05-11-14-276-002
UPID
US43-1643542
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MU · Mount Clemens, MI
Zoning MU · permitted uses
MU · 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
OFFICE BUILDING Current
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$965,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (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
1969
Heating
FORCED AIR
Stories
2
Lot
0.64 ac
Current owner
From public records · entity-resolved
Edward Schollenberger
Individual
Mailing address
12125 N 76TH CT, SCOTTSDALE, AZ 85260-5591
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2025
—
Edward Schollenberger
Two Crocker Investment LLC
Quitclaim Deed
related
—
—
—
Two Crocker Investment LLC
—
Deed Of Trust
related
$730,000 · First State Bank
—
—
Two Crocker Investment LLC
—
Deed Of Trust
related
$787,500 · First State 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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