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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Commercial real estate
36453 Gratiot Ave, Clinton Township, MI 48035-1724
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-1196975
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Total area
5,493 SF
Lot
0.16 ac (7,057 SF)
Zoning code
B-3
APN
16-11-27-251-021
UPID
US43-1196975
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
$521k
Blend (final)
Blend
$520k
Owner & transaction history
Alwazah Holding LLC · 7 yrs held
Alwazah Holding LLC
since 2018
3 recorded transactions
Zoning & alternative use
B-3 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$780,000
+110.0%
Medical building
$675,000
+81.9%
Retail stores
$665,000
+79.8%
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
COMMERCIAL (GENERAL)
$370,000
Current use
RESTAURANT
$780,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: +82% · Conversion: Easy
RETAIL STORES
$665,000
Change: +80% · Conversion: Easy
OFFICE BUILDING
$520,000
Change: +40% · Conversion: Easy
AUTO REPAIR, GARAGE
$470,000
Change: +27% · Conversion: Difficult
WAREHOUSE, STORAGE
$370,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$350,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$95 / 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
$9,865
Tax year 2022
Assessed value
$192,900
Assessed 2023
Previous assessed
$210,200
-8.2% YoY
Effective rate
5.11%
On assessed value
Total market value
$385,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Heating
FORCED AIR
Stories
1
Total area
5,493 SF
Lot
0.16 ac (7,057 SF)
Zoning code
B-3
APN
16-11-27-251-021
UPID
US43-1196975
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
COMMERCIAL (GENERAL) Current
Est. value
$370,000
RESTAURANT
Est. value
$780,000
MEDICAL BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$665,000
OFFICE BUILDING
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$370,000
INDUSTRIAL (GENERAL)
Est. value
$350,000
COMMERCIAL (GENERAL) Current
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1960
Heating
FORCED AIR
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Alwazah Holding LLC
Entity
Free & Clear · 7 yrs held
Mailing address
36439 S GRATIOT AVE, CLINTON TOWNSHIP, MI 48035-1724
Ownership since
2018
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
Dec 17, 2018
$437,000
Alwazah Holding LLC
Shin,sangkyu & Chung H
Warranty Deed
—
Dec 14, 2015
—
Alwazah Holding LLC
Shin,sangkyu & Chung H
Quit Claim Deed
—
Apr 11, 2007
—
Sangkyu Shin
Shin,chung H
Quit Claim Deed
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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