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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Retail space
34001 Groesbeck Hwy Clinton Township, MI 48035-3388
Entity Owned
8-yr Hold
Free & Clear
Property ID
US43-1161630
Property summary
AI-generated overview
This exceptional 12,088-square-foot free-standing building, located at 34001 Groesbeck Highway in Clinton Township, Michigan, presents a unique opportunity for businesses seeking flexible space. The property, classified as Class A, boasts a prime location at the corner of Groesbeck Highway and Kelly Road, ensuring excellent visibility and high traffic counts. Built in 1968 and extensively renovated in 2024, this single-tenant building offers a blend of retail and industrial space, ideal for a variety of uses. The building features a 17-foot ceiling height, one dock-high door, and sits on a 0.82-acre lot. The interior layout is adaptable, combining storefront space with ample storage potential. The property is zoned I-2 and has a Macomb County APN of 16-11-33-152-022. The building's two stories provide versatile options for layout and functionality. This is a rare opportunity to secure a well-maintained, highly visible property in a thriving area. The entire 12,088 square feet is currently vacant and ready for immediate occupancy. The zip code is 48035.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
BRICK
Total area
12,088 SF
Lot
0.82 ac (35,719 SF)
Zoning code
I-2
APN
16-11-33-152-022
UPID
US43-1161630
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
$1.13M
Blend (final)
Blend
$1.13M
Owner & transaction history
Sajos Investment Group LLC · 8 yrs held
Sajos Investment Group LLC
since 2017
2 recorded transactions
Zoning & alternative use
I-2 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+35.9%
Medical building
$1.5M
+17.7%
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
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
RETAIL STORES
$1,260,000
Current use
RESTAURANT
$1,715,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,485,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,245,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$1,145,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,040,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$93 / 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
$9,981
Tax year 2022
Assessed value
$340,700
Assessed 2023
Previous assessed
$359,200
-5.2% YoY
Effective rate
2.93%
On assessed value
Total market value
$681,400
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
1968
Construction
BRICK
Heating
FORCED AIR
Stories
2
Total area
12,088 SF
Lot
0.82 ac (35,719 SF)
Zoning code
I-2
APN
16-11-33-152-022
UPID
US43-1161630
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-2 · Clinton Township, MI
Zoning I-2 · permitted uses
I-2 · 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
$1.3M
RESTAURANT
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1968
Construction
BRICK
Heating
FORCED AIR
Stories
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Sajos Investment Group LLC
Entity
Free & Clear · 8 yrs held
Mailing address
34001 GROESBECK HWY, CLINTON TOWNSHIP, MI 48035-3388
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2017
$365,000
Sajos Investment Group LLC
Dos Gatos LLC
Warranty Deed
—
Nov 1, 2004
—
Dos Gatos LLC
Begnoche,john & Joyce
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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