New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Grocery and convenience stores
36291 Gratiot Ave, Clinton Township, MI 48035-1718
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-5245379
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2003
Total area
5,168 SF
Lot
1.1 ac (47,785 SF)
Zoning code
B-3
APN
16-11-27-252-043
UPID
US43-5245379
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
$1.02M
Blend (final)
Blend
$1.02M
Owner & transaction history
Gratiot Elmway LLC · 2 yrs held
Gratiot Elmway LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$735,000
+16.8%
Medical building
$635,000
+1.2%
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
$1,035,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$625,000
Current use
RESTAURANT
$735,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $1.00M (Sep 5 2023)
Last sale anchor
$1.00M
Sep 5 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
$196 / 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
$26,718
Tax year 2022
Assessed value
$641,600
Assessed 2023
Previous assessed
$641,600
+0.0% YoY
Effective rate
4.16%
On assessed value
Total market value
$1,283,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Stories
1
Total area
5,168 SF
Lot
1.1 ac (47,785 SF)
Zoning code
B-3
APN
16-11-27-252-043
UPID
US43-5245379
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
RETAIL STORES Current
Est. value
$625,000
RESTAURANT
Est. value
$735,000
MEDICAL BUILDING
Est. value
$635,000
RETAIL STORES Current
RESTAURANT
MEDICAL 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
2003
Heating
FORCED AIR
Stories
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Gratiot Elmway LLC
Entity
Mailing address
15401 TIREMAN AVE, DEARBORN, MI 48126-1000
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2024
—
Gratiot Elmway LLC
Gratiot Land Company LLC
Deed
related
$525,000 · Lake Trust Cu
Sep 5, 2023
—
Gratiot Elmway LLC
National Energy INC
Quit Claim Deed
related
—
Nov 18, 2015
—
National Energy Corp
36315 Express INC
Quit Claim Deed
related
—
Nov 4, 2015
—
36315 Express INC
Sal Land LLC
Quit Claim Deed
related
—
Aug 21, 2013
—
Gratiot Land Co LLC
Farhat Land Co LLC
Quit Claim Deed
related
—
Jan 8, 2013
$200,000
Farhat Land Co LLC
Zaia Investments Group LLC
Quit Claim Deed
related
—
Jan 4, 2012
$1,000,000
Zaia Investments Group LLC
Findling,david
Grant Deed
—
Mar 17, 2006
$1,000,000
H & Y Gas Products LLC
C & H Land Co LLC
Warranty Deed
$1,250,000 · Comerica Bank
Mar 17, 2006
—
C & H Land Co LLC
Hadi,hussein & Ghada
Quit Claim Deed
related
—
Jan 28, 2005
$475,000
Hussein Hadi
Kardon Investments LLC
Warranty Deed
—
—
—
Zaia Investments Group LLC
—
Deed Of Trust
related
$1,000,000 · Fadel I Bazzi
—
—
C & H Land Co LLC
—
Deed Of Trust
related
$2,927,000 · Comerica 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 36291 Gratiot Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
