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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Manufacturing properties
35815 Clinton St, Wayne, MI 48184-2003
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4709402
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1974
Total area
17,308 SF
Lot
0.98 ac (42,689 SF)
Zoning code
IND-1 LGT IND
APN
55 013 04 0039 003
UPID
US43-4709402
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
$774k
Blend (final)
Blend
$775k
Owner & transaction history
B & V Clinton LLC · 7 yrs held
B & V Clinton LLC
since 2019
7 recorded transactions
Zoning & alternative use
IND-1 LGT IND · Wayne, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wayne submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wayne 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
INDUSTRIAL (GENERAL)
$1,180,000
Current use
Blend value · Realmo final
$775k
Range $698k – $853k · ±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
$45 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$11,525
Tax year 2023
Assessed value
$215,100
Assessed 2024
Previous assessed
$210,800
+2.0% YoY
Effective rate
5.36%
On assessed value
Total market value
$430,200
Applied tax rate
82,160.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
17,308 SF
Lot
0.98 ac (42,689 SF)
Zoning code
IND-1 LGT IND
APN
55 013 04 0039 003
UPID
US43-4709402
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
IND-1 LGT IND · Wayne, MI
Zoning IND-1 LGT IND · permitted uses
IND-1 LGT IND · Wayne, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wayne. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
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
1974
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
B & V Clinton LLC
Entity
Mailing address
30768 SUNDERLAND DR, FARMINGTON HILLS, MI 48331-5915
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2019
$265,000
B & V Clinton LLC
35815 Clinton Street LLC
Warranty Deed
$68,000 · 35815 Clinton Street LLC
Jan 29, 2018
—
35815 Clinton Street LLC
Casab,nicholas
Quit Claim Deed
related
$167,000 · Private Individual
Aug 30, 2017
—
35815 Clinton Street LLC
Grussner,john B
Quit Claim Deed
related
—
Jun 22, 2017
—
35815 Clinton Street LLC
Ruby Real Estate II LLC
Quit Claim Deed
related
—
Dec 16, 2014
$56,000
Casab,nicholas|35815 Clinton Street LLC
Treasurer Of Charter Cnty/wayne M
Quit Claim Deed
related
—
Jul 24, 2014
—
Treasurer Of Wayne County
Owner Name Unavailable
Tax Deed
related
—
—
—
John B Grussner
—
Deed Of Trust
related
$500,000 · Peoples State 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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