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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Distribution centers
233 Church St, Mount Clemens, MI 48043-2184
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-0156538
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Total area
9,300 SF
Lot
0.75 ac (32,496 SF)
Zoning code
L-1
APN
05-11-15-277-013
UPID
US43-0156538
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
$681k
Blend (final)
Blend
$680k
Owner & transaction history
Storage Solutions 233 LLC · 11 yrs held
Storage Solutions 233 LLC
since 2015
3 recorded transactions
Zoning & alternative use
L-1 · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$955,000
+52.4%
Retail stores
$815,000
+29.6%
Auto repair, garage
$800,000
+27.5%
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
WAREHOUSE, STORAGE
$625,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +52% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +30% · Conversion: Moderate
AUTO REPAIR, GARAGE
$800,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$605,000
Change: -3% · Conversion: Easy
OFFICE BUILDING
$550,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$680k
Range $612k – $748k · ±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
$73 / 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
$14,036
Tax year 2022
Assessed value
$259,800
Assessed 2023
Previous assessed
$248,500
+4.5% YoY
Effective rate
5.40%
On assessed value
Total market value
$519,600
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
9,300 SF
Lot
0.75 ac (32,496 SF)
Zoning code
L-1
APN
05-11-15-277-013
UPID
US43-0156538
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
WAREHOUSE, STORAGE Current
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$955,000
RETAIL STORES
Est. value
$815,000
AUTO REPAIR, GARAGE
Est. value
$800,000
INDUSTRIAL (GENERAL)
Est. value
$605,000
OFFICE BUILDING
Est. value
$550,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1997
Heating
FORCED AIR
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Storage Solutions 233 LLC
Entity
Mailing address
45 S ROSE ST, MOUNT CLEMENS, MI 48043-2179
Ownership since
2015
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 16, 2015
—
Storage Solutions 233 LLC
Loverde Properties LLC
Grant Deed
$225,000 · Bank Of America
Dec 14, 2004
—
Loverde Richard A Trust
Loverde,richard A & Sharon K
Quit Claim Deed
related
—
Nov 8, 2004
—
Loverde Frank P Trust
Loverde,frank P & Ruth A
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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