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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Flex space
35400 Forton Ct, Clinton Township, MI 48035-5623
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0306069
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1996
Total area
7,991 SF
Lot
0.59 ac (25,526 SF)
Zoning code
I-1
APN
16-11-26-379-004
UPID
US43-0306069
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
$665k
Comparable Approach
Comparable
$554k
Blend (final)
Blend
$720k
Owner & transaction history
Wpt Realty LLC · 2 yrs held
Wpt Realty LLC
since 2023
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
I-1 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+122.9%
Medical building
$980,000
+93.1%
Retail stores
$970,000
+90.9%
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
$710,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$510,000
Current use
RESTAURANT
$1,135,000
Change: +123% · Conversion: Difficult
MEDICAL BUILDING
$980,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$970,000
Change: +91% · Conversion: Moderate
OFFICE BUILDING
$760,000
Change: +49% · Conversion: Difficult
AUTO REPAIR, GARAGE
$685,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$540,000
Change: +6% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $750k (Oct 4 2023)
Last sale anchor
$750k
Oct 4 2023
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
$90 / 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
$12,395
Tax year 2022
Assessed value
$253,400
Assessed 2023
Previous assessed
$253,400
+0.0% YoY
Effective rate
4.89%
On assessed value
Total market value
$506,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
7,991 SF
Lot
0.59 ac (25,526 SF)
Zoning code
I-1
APN
16-11-26-379-004
UPID
US43-0306069
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
INDUSTRIAL (GENERAL) Current
Est. value
$510,000
RESTAURANT
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$980,000
RETAIL STORES
Est. value
$970,000
OFFICE BUILDING
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$540,000
WAREHOUSE, STORAGE
Est. value
$540,000
INDUSTRIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1996
Heating
FORCED AIR
Stories
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Wpt Realty LLC
Entity
Mailing address
56211 PARKVIEW DR, SHELBY TOWNSHIP, MI 48316-1002
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$750,000
Wpt Realty LLC
Fsm Limited LLC
Warranty Deed
—
Feb 16, 2023
$679,000
Fsm Limited LLC
Hawthorne Partners LLC
Warranty Deed
$543,000 · Christian Financial Cu
Mar 14, 2018
$320,000
Hawthorne Partners LLC
Kelly Road Assodates LLC
Warranty Deed
$256,000 · Fifth Third Bank
Jan 25, 2012
$215,000
Kelly Road Associates LLC
Land Holding LLC
Grant Deed
—
Sep 15, 2010
$194,875
Holding Land
Sheriff Of Macomb County
Trustees Deed
related
—
Mar 15, 2006
—
Forton Realty LLC
Grillo Investments
Warranty Deed
—
Oct 19, 2004
—
Grillo Investments Co
—
Deed Of Trust
related
$6,000,000 · Fifth Third Bank Eastern Mi
—
—
Kelly Road Associates LLC
—
Deed Of Trust
related
$172,000 · Fifth Third 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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