33500 Gratiot Ave Clinton Township, MI 48035-4041
Entity Owned
Free & Clear
Estimated value (blended)
$520k
Range $468k – $572k (±10%)
Property ID
US43-4248682
Property summary
AI-generated overview
This property, suitable for leasing, is located on Gratiot Avenue, north of 14 Mile Road, and features 281 feet of road frontage on the east side of Gratiot Avenue. The paved lot provides parking and display space for approximately 80 vehicles. The property is zoned B-3 General Business District, permitting various principal uses such as office buildings, medical offices, banks, drive-through facilities, commercial towers, funeral homes, child care centers, schools, catering/banquet facilities, athletic clubs, veterinary offices, restaurants, dry cleaning services, florists, auto sales, auto service, auto wash facilities, hotels/motels, and lawn/garden supply businesses. Special Use Permits are required for auto body shops, gas stations, fast food restaurants, recreational vehicle storage, and adult businesses such as pawn shops, check cashing services, and resale shops. The property includes a 1211 square foot building on a 0.77-acre lot.
Property profile
Verified
Property type
Parking lots & garages
Use group
OFFICE BUILDING
Year built
1969
Total area
875 SF
Lot
0.77 ac (33,411 SF)
Zoning code
B-3
APN
16-11-34-356-006
UPID
US43-4248682
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate 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
by Request
Blend (final)
Blend
$520k
Owner & transaction history
since 2025
Last sale
$645,000
2 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$520k
Value range
$468k – $572k
±10% around blend
Estimated value / SF
$594 / SF
Confidence
High
5 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
50
$468k
blend $520k
$572k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
875 SF
Lot area
0.77 ac
Year built
1969
Stories
1
APN
16-11-34-356-006
Assessed value
$153,000
Annual tax
$6,051
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$109k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
18.7 mi away · 672 SF
20.0 mi away · 1,020 SF
22.3 mi away · 798 SF
24.2 mi away · 972 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$520k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 238 sales
$95
+527%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $594/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$645k
Move the market yield to see immediate price impact.
Value / SF
$737
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$41k
$813k
$581k
$452k
$45k
$903k
$645k
$502k
$50k
$993k
$709k
$552k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$140k
17.4 mi · Apr 2026 · $140/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,051
Tax year 2022
Assessed value
$153,000
Assessed 2023
Previous assessed
$144,500
+5.9% YoY
Effective rate
3.95%
On assessed value
Total market value
$306,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1969
Heating
FORCED AIR
Stories
1
Total area
875 SF
Lot
0.77 ac (33,411 SF)
Zoning code
B-3
APN
16-11-34-356-006
UPID
US43-4248682
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Clinton Township, MIZoning B-3 · permitted uses
B-3 · Clinton Township, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1969
Heating
FORCED AIR
Stories
1
Lot
0.77 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B-3
Jurisdiction
Clinton Township, MI
Recorded code
B-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-3 in Clinton Township, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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