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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Medical Office Space
35207 Groesbeck Hwy Clinton Township, MI 48035-2514
Entity Owned
13-yr Hold
Free & Clear
Property ID
US43-0206475
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1969
Construction
CONCRETE
Total area
5,080 SF
Lot
1.4 ac (60,853 SF)
Zoning code
I-2
APN
16-11-28-376-015
UPID
US43-0206475
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
$934k
Blend (final)
Blend
$935k
Owner & transaction history
Oak Tree Management LLC · 13 yrs held
Oak Tree Management LLC
since 2013
7 recorded transactions
Zoning & alternative use
I-2 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$720,000
+15.4%
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
MEDICAL BUILDING
$625,000
Current use
RESTAURANT
$720,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$615,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$184 / 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
$17,381
Tax year 2022
Assessed value
$435,000
Assessed 2023
Previous assessed
$417,200
+4.3% YoY
Effective rate
4.00%
On assessed value
Total market value
$870,000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1969
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Total area
5,080 SF
Lot
1.4 ac (60,853 SF)
Zoning code
I-2
APN
16-11-28-376-015
UPID
US43-0206475
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
MEDICAL BUILDING Current
Est. value
$625,000
RESTAURANT
Est. value
$720,000
RETAIL STORES
Est. value
$615,000
MEDICAL BUILDING Current
RESTAURANT
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
1969
Construction
CONCRETE
Heating
FORCED AIR
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Oak Tree Management LLC
Entity
Free & Clear · 13 yrs held
Mailing address
35207 GROESBECK HWY, CLINTON TOWNSHIP, MI 48035-2514
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2013
—
Oak Tree Management LLC
Ochs,eric
Quit Claim Deed
related
—
Jun 7, 2011
$108,500
Eric Ochs
Gratiot Metro LLC
Warranty Deed
—
Mar 25, 2010
—
Eric Ochs
Gratiot Metro LLC
Grant Deed
related
—
Jan 25, 2010
—
Gratiot Metro LLC
New Venture R/e Holdings LLC
Warranty Deed
—
Oct 28, 2005
—
New Venture R/e Holdings LLC
—
Deed Of Trust
related
$102,000,000 · Bank Of America
May 11, 2005
$450,000
New Venture R/e Holdings LLC
Venture R/e Acquisition
Quit Claim Deed
related
—
—
—
Venture Real Est
—
Deed Of Trust
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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