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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Bars & Pubs
235 Main St Clawson, MI 48017-2064
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US43-5206227
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1945
Total area
4,776 SF
Lot
0.11 ac (4,792 SF)
Zoning code
BI
APN
16-25-03-105-002
UPID
US43-5206227
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
Current use
Occupant on record · Public records
-
Tavern On the Main Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$535k
Owner & transaction history
T & S Melistas Properties LLC · 20 yrs held
T & S Melistas Properties LLC
since 2005
6 recorded transactions
Zoning & alternative use
BI · Clawson, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+1.8%
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 Clawson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clawson 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
RESTAURANT
$825,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +2% · Conversion: Easy
RETAIL STORES
$805,000
Change: -2% · Conversion: Easy
MEDICAL BUILDING
$755,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±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
$112 / 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
$16,678
Tax year 2023
Assessed value
$332,570
Assessed 2024
Previous assessed
$308,720
+7.7% YoY
Effective rate
5.01%
On assessed value
Total market value
$665,140
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1945
Heating
YES
Buildings
2
Stories
1
Units
1
Total area
4,776 SF
Lot
0.11 ac (4,792 SF)
Zoning code
BI
APN
16-25-03-105-002
UPID
US43-5206227
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Clawson, MIZoning BI · permitted uses
BI · Clawson, 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 Current
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$840,000
RETAIL STORES
Est. value
$805,000
MEDICAL BUILDING
Est. value
$755,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL 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
1945
Heating
YES
Stories
1
Buildings
2
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
T & S Melistas Properties LLC
Entity
Mailing address
235 S MAIN ST, CLAWSON, MI 48017-2064
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2016
—
T & S Melistas Properties LLC
—
Deed
related
$500,000 · Alexopoulos Paul Trust (lt)
Oct 26, 2005
$450,000
T & S Melistas Properties LLC
Timmins,john A
Warranty Deed
—
Jun 10, 2004
—
John A Timmins
Timmins,larry A
Quit Claim Deed
related
—
Jun 10, 2004
$25,000
John Timmins
Gramlich,harold S
Warranty Deed
—
—
—
T & S Melistas Properties LLC
—
Deed Of Trust
related
$500,000 · Alexopoulos Paul Trust (lt)
—
—
T & S Melistas Properties LLC
—
Deed Of Trust
related
$220,000 · George & Liza Papageorgiou
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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