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Property profile & analytics
OFF-MARKET
Estimated value
$3,840,000
Distribution centers
35300 Groesbeck Hwy Clinton Township, MI 48035-2515
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1787586
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1995
Total area
38,698 SF
Lot
3.18 ac (138,477 SF)
Zoning code
I-1
APN
16-11-28-377-051
UPID
US43-1787586
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
$3.90M
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$3.84M
Owner & transaction history
Albert H Bezjian · 4 yrs held
Albert H Bezjian
since 2021
Last sale
$4.3M
3 recorded transactions
Zoning & alternative use
I-1 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+110.2%
Medical building
$4.8M
+82.1%
Retail stores
$4.7M
+80.0%
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
$5,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,225,000
6.5%
$3,900,000
7%
$3,620,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,610,000
Current use
RESTAURANT
$5,485,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$4,755,000
Change: +82% · Conversion: Difficult
RETAIL STORES
$4,695,000
Change: +80% · Conversion: Moderate
OFFICE BUILDING
$3,670,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,330,000
Change: +28% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,615,000
Change: +0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,460,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$3.84M
Range $3.46M – $4.22M · ±10% · vs last sale $4.27M (Sep 1 2021)
Last sale anchor
$4.27M
Sep 1 2021
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
$99 / 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
$58,881
Tax year 2022
Assessed value
$1,049,200
Assessed 2023
Previous assessed
$1,007,500
+4.1% YoY
Effective rate
5.61%
On assessed value
Total market value
$2,098,400
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1995
Heating
FORCED AIR
Stories
1
Total area
38,698 SF
Lot
3.18 ac (138,477 SF)
Zoning code
I-1
APN
16-11-28-377-051
UPID
US43-1787586
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
I-1 · Clinton Township, MI
Zoning I-1 · permitted uses
I-1 · 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
WAREHOUSE, STORAGE Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.5M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$4.7M
OFFICE BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.6M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1995
Heating
FORCED AIR
Stories
1
Lot
3.18 ac
Current owner
From public records · entity-resolved
Albert H Bezjian
Individual
Mailing address
35300 GROESBECK HWY, CLINTON TOWNSHIP, MI 48035-2515
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
Sep 1, 2021
—
Albert H Bezjian
Stone School Associates
Assignment Of Lease (leasehold Sale)
—
Aug 31, 2021
$4,265,000
Albert H Bezjian
Stone School Associates
Warranty Deed
$2,000,000 · First National Bank In Howell
—
—
Stone School Associates
—
Deed Of Trust
related
$1,600,000 · Equitrust Life Insurance Co
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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