Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Drug stores
36485 Garfield Rd Clinton Township, MI 48035-1132
Entity Owned
Free & Clear
Property ID
US43-1624910
Property summary
AI-generated overview
This exceptional 11,102-square-foot warehouse, located at 36485 Garfield Road in Clinton Township, Michigan, presents a significant leasing opportunity. Built in 1998, the property sits on a 1.45-acre lot and is zoned B-2 (Community Business), offering versatility for a range of industrial uses. The entire space is currently vacant, providing immediate occupancy for a single tenant. The building boasts ample parking with 49 spaces available for employees and clients. The property's location in Macomb County, Michigan, provides easy access to major transportation routes, enhancing logistical efficiency. This single-tenant warehouse is ideal for businesses seeking a spacious, well-maintained facility in a thriving commercial area. The property's classification as Retail, Office, and Industrial reflects its adaptability to various business needs. With its generous square footage and convenient location, this warehouse is poised to become a valuable asset for the right tenant. The zip code is 48035. The property is available for lease.
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1998
Total area
11,222 SF
Lot
1.45 ac (63,249 SF)
Zoning code
B-2
APN
16-11-30-277-088
UPID
US43-1624910
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
$1.22M
Blend (final)
Blend
$1.22M
Owner & transaction history
36485 Garfield Road LLC
36485 Garfield Road LLC
since 2026
3 recorded transactions
Zoning & alternative use
B-2 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+35.9%
Medical building
$1.4M
+17.7%
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
RETAIL STORES
$1,170,000
Current use
RESTAURANT
$1,590,000
Change: +36% · Conversion: Easy
MEDICAL BUILDING
$1,380,000
Change: +18% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,155,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$1,065,000
Change: -9% · Conversion: Easy
AUTO REPAIR, GARAGE
$965,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±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
$26,802
Tax year 2022
Assessed value
$427,300
Assessed 2023
Previous assessed
$458,600
-6.8% YoY
Effective rate
6.27%
On assessed value
Total market value
$854,600
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Stories
1
Total area
11,222 SF
Lot
1.45 ac (63,249 SF)
Zoning code
B-2
APN
16-11-30-277-088
UPID
US43-1624910
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Clinton Township, MI
Zoning B-2 · permitted uses
B-2 · 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
$1.2M
RESTAURANT
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$965,000
RETAIL STORES Current
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1998
Heating
FORCED AIR
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
36485 Garfield Road LLC
Entity
Free & Clear · 0 yrs held
Mailing address
36485 GARFIELD RD, CLINTON TOWNSHIP, MI 48035-1132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Feb 25, 2026
—
36485 Garfield Road LLC
Nnnreit LP
Deed
—
Apr 29, 2014
—
National Retail Properties LP
Mk Garfield LLC
Grant Deed
related
—
Jun 24, 2008
—
Mk Garfield LLC
Clinton Venture LLC
Warranty Deed
—
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 36485 Garfield Rd?
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.
