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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
33140 Gratiot Ave Clinton Township, MI 48035-4036
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0505015
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
5,130 SF
Lot
0.89 ac (38,856 SF)
Zoning code
B-3
APN
16-11-34-376-005
UPID
US43-0505015
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
$585k
Comparable Approach
Comparable
$667k
Blend (final)
Blend
$550k
Owner & transaction history
Deva Holdings LLC · 2 yrs held
Deva Holdings LLC
since 2023
Last sale
$460,000
7 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$725,000
+16.8%
Medical building
$630,000
+1.2%
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
$475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$585,000
7%
$540,000
Alternative Use
Use
Estimation
RETAIL STORES
$625,000
Current use
RESTAURANT
$725,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$630,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $460k (Aug 16 2023)
Last sale anchor
$460k
Aug 16 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
$107 / 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
$13,404
Tax year 2022
Assessed value
$201,300
Assessed 2023
Previous assessed
$201,300
+0.0% YoY
Effective rate
6.66%
On assessed value
Total market value
$402,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Heating
FORCED AIR
Stories
1
Total area
5,130 SF
Lot
0.89 ac (38,856 SF)
Zoning code
B-3
APN
16-11-34-376-005
UPID
US43-0505015
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Clinton Township, MI
Zoning B-3 · permitted uses
B-3 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clinton Township. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$625,000
RESTAURANT
Est. value
$725,000
MEDICAL BUILDING
Est. value
$630,000
RETAIL STORES Current
RESTAURANT
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
1975
Heating
FORCED AIR
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Deva Holdings LLC
Entity
Mailing address
24330 S ANN ARBOR TRL, DEARBORN HEIGHTS, MI 48127-1708
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2023
$390,000
Deva Holdings LLC
John B Kean
Warranty Deed
—
Aug 16, 2023
$460,000
Gratiot & 14 H&dings LLC
Deva Holdings LLC
Warranty Deed
—
Feb 2, 2021
—
John B Kean
Kean Estate Properties Corp
Quit Claim Deed
related
—
Aug 5, 2020
—
John B Kean
Kean Athletics INC
Quit Claim Deed
related
—
Dec 21, 2018
—
Kean Estate Properties Corp
—
Deed
related
$91,361 · Viking Partners Clawson LLC
Sep 30, 2010
—
Kean Estate Properties Corp
Denomme,martin
Warranty Deed
—
Aug 30, 2010
$235,000
Martin Denomme
Rl & Dg Invs LLC Of Metro Finance
Grant Deed
—
Aug 20, 2010
—
Kean Estate Properties Corp
Rl & Dg Investments LLC
Quit Claim Deed
related
—
Jun 15, 2010
—
Rl & Dg Investments LLC
Metro Fin
Quit Claim Deed
related
—
Oct 26, 2009
$242,641
Fin Metro
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
Kean Estate Properties Corp
—
Deed Of Trust
related
$91,361 · Viking Partners Clawson LLC
—
—
Martin Denomme
—
Deed Of Trust
related
$215,000 · Metro Finance Corp
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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