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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Auto shops
335 Groesbeck Hwy Mount Clemens, MI 48043-1531
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-5276649
Property summary
AI-generated overview
This 4,050 square foot warehouse is available for lease in Mount Clemens, Michigan. Located at 335 North Groesbeck Highway, this single-tenant property offers ample space for various industrial uses, including warehousing, workshop operations, or storage. The building is zoned I2 (Heavy Industrial), allowing for a wide range of permitted activities. The property features convenient roll-up door access for easy loading and unloading of goods. Its strategic location on Groesbeck Highway, between Cass Avenue and M-59 (Hall Road), provides excellent visibility and accessibility. Interstate 94 is only a 5-minute drive away, ensuring seamless regional connectivity. The property also offers the opportunity for prominent monument signage, enhancing brand visibility. The total building square footage is 4,050 square feet, with the entire space currently vacant and ready for immediate occupancy. The property is situated in Macomb County, Michigan, with a zip code of 48043.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1961
Total area
15,360 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GC
APN
05-11-10-234-006
UPID
US43-5276649
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
$896k
Blend (final)
Blend
$895k
Owner & transaction history
335 N Groesbeck LLC · 5 yrs held
335 N Groesbeck LLC
since 2021
3 recorded transactions
Zoning & alternative use
GC · Mount Clemens, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+1.6%
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
AUTO REPAIR, GARAGE
$1,320,000
Current use
RETAIL STORES
$1,340,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$58 / 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
$9,719
Tax year 2022
Assessed value
$163,800
Assessed 2023
Previous assessed
$155,400
+5.4% YoY
Effective rate
5.93%
On assessed value
Total market value
$327,600
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1961
Heating
FORCED AIR
Stories
1
Bathrooms
1
Total area
15,360 SF
Lot
1.74 ac (75,794 SF)
Zoning code
GC
APN
05-11-10-234-006
UPID
US43-5276649
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
GC · Mount Clemens, MI
Zoning GC · permitted uses
GC · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1961
Heating
FORCED AIR
Stories
1
Bathrooms
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
335 N Groesbeck LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3807 E BEECHCREST RD STE E, ROCHESTER HILLS, MI 48309-3595
Ownership since
2021
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
Apr 7, 2021
—
335 N Groesbeck LLC
335 Holdings LLC
Warranty Deed
—
Oct 8, 2014
—
335 N Groesbeck LLC
335 Holdings LLC
Quit Claim Deed
related
—
Sep 18, 2007
$568,800
William A Tundo
Vandervreken,louis
Warranty Deed
$650,000 · Peoples 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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