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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
35640 Gratiot Ave Clinton Township, MI 48035-2851
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1709430
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1953
Total area
6,076 SF
Lot
0.42 ac (18,339 SF)
Zoning code
B-3
APN
16-11-27-451-002
UPID
US43-1709430
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
$653k
Blend (final)
Blend
$655k
Owner & transaction history
Lcn Investments LLC · 7 yrs held
Lcn Investments LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$860,000
+64.8%
Medical building
$745,000
+42.8%
Retail stores
$740,000
+41.1%
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
AUTO REPAIR, GARAGE
$525,000
Current use
RESTAURANT
$860,000
Change: +65% · Conversion: Difficult
MEDICAL BUILDING
$745,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$740,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$575,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$108 / 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
$15,813
Tax year 2022
Assessed value
$285,000
Assessed 2023
Previous assessed
$276,300
+3.1% YoY
Effective rate
5.55%
On assessed value
Total market value
$570,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Stories
1
Total area
6,076 SF
Lot
0.42 ac (18,339 SF)
Zoning code
B-3
APN
16-11-27-451-002
UPID
US43-1709430
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Clinton Township, MI
Zoning B-3 · permitted uses
B-3 · 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
AUTO REPAIR, GARAGE Current
Est. value
$525,000
RESTAURANT
Est. value
$860,000
MEDICAL BUILDING
Est. value
$745,000
RETAIL STORES
Est. value
$740,000
OFFICE BUILDING
Est. value
$575,000
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
1953
Heating
FORCED AIR
Stories
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Lcn Investments LLC
Entity
Mailing address
35640 S GRATIOT AVE, CLINTON TOWNSHIP, MI 48035-2851
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2019
—
Lcn Investments LLC
—
Deed
related
$350,000 · Mbank
Aug 20, 2019
—
Lcn Investments LLC
—
Deed
related
$290,000 · Oakland County Business Finance Corporat
Mar 28, 2019
$689,000
Lcn Investments LLC
Ford,john
Warranty Deed
$350,000 · Mbank
Mar 21, 2019
$650,000
John Ford
Maiorano Frank Living Trust
Warranty Deed
—
Mar 17, 2017
—
Maiorano,frank Living Trust
—
Deed
related
—
Feb 16, 2016
—
John Ford
Maiorano Frank Living Trust
Quit Claim Deed
—
Dec 18, 2014
—
Maiorano,frank Living Trust
Maiorano,theresa
Quit Claim Deed
related
—
—
—
Lcn Investments LLC
—
Deed Of Trust
related
$350,000 · Mbank
—
—
Maiorano,frank Living Trust
—
Loan Modification
related
—
—
—
Maiorano,frank Living Trust
—
Loan Modification
related
—
—
—
Maiorano,frank Living Trust
—
Loan Modification
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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