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    Property profile & analytics

    37665 Gratiot Ave Clinton Township, MI 48036-2707

    • Specialty properties
    • 35,654 SF
    • 3.23 lot acres
    OFF-MARKET
    Value Estimations
    $2,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1046964
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Specialty properties

    Property Details for 37665 Gratiot Ave

    Year built
    1970
    Lot size
    3.23 lot acres
    Property size
    35,654 SF
    Zone code
    STRIP CENTER
    Property type
    Specialty properties
    APN
    16-11-23-301-015
    APU
    161123301015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,407,000
      Market price range: $428k - $3.38M
      AI Estimate
      $2,407,000
      Market price range: $428k - $3.38M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,405,000
      Current use
      OFFICE BUILDING
      $3,380,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,065,000
      Change: +27% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $2,660,000
      Change: +11% Conversion: Moderate
      WAREHOUSE, STORAGE
      $2,405,000
      Change: -0% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clinton Township
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8904
    Latitude
    42.5746
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.80 Acres

      37701 Gratiot Ave

      COMMERCIAL MISC • 0.80 Acres
      37701 Gratiot Ave, Clinton Township, MI 48036-2706
      View Details
    • Value Estimation by Request
      0.01 Acres

      37983 Groesbeck Hwy

      COMMERCIAL MISC • 0.01 Acres
      37983 Groesbeck Hwy, Clinton Township, MI 48036-2343
      View Details
    • Value Estimation by Request
      1.24 Acres

      37663 Groesbeck Hwy

      COMMERCIAL MISC • 1.24 Acres
      37663 Groesbeck Hwy, Clinton Township, MI 48036-2338
      View Details
    • Value Estimation by Request
      57,316 SF

      37600 Little Mack Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS • 57,316 SF
      37600 Little Mack Ave, Clinton Township, MI 48036-2374
      View Details
    • Value Estimation
      $1,200,000
      8,459 SF

      43727 Gratiot Ave

      VETERINARY, ANIMAL HOSPITAL • 8,459 SF
      43727 Gratiot Ave, Clinton Township, MI 48036-3303
      View Details
    • Value Estimation
      $1,335,000
      10,407 SF

      37570 Gratiot Ave

      CENTRALLY ASSESSED • 10,407 SF
      37570 Gratiot Ave, Clinton Township, MI 48036-2703
      View Details

    Similar Nearby for Sale

    • $45,000
      60,000 SF

      Clinton Township Business Opportunity

      Business opportunity in Clinton Township, Michigan, with Detroit theme.
      37051 Gratiot Ave, Clinton Township, MI 48036
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    • $895,000
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      Versatile Commercial Property For Sale

      Adaptable commercial space with diverse potential uses.
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      Prime Clinton Twp Restaurant

      Established eatery, high traffic area.
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      6,662 SF

      Medical/Office Suites For Lease

      Medical/office suites ranging from 1,235 SF to 16,978 SF.
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    • Contact for pricing
      1,929 SF

      Freestanding Drive-Thru Property For Sale

      Freestanding drive-thru property with substantial parking and monument signage.
      37710 S Gratiot Ave, Clinton Township, MI 48036
      View Details
    • Contact for pricing

      Land Available on S Gratiot

      Land for sale on S Gratiot Avenue, Clinton Township.
      37601-37569 S Gratiot Ave, Clinton Township, MI 48036
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Building with Flexible Zoning

      Adaptable property suitable for various business or residential purposes.
      43785 N Gratiot Ave, Clinton Township, MI 48036
      View Details
    • $1,400 /Mo
      1,400 SF

      Retail Space in Clinton Township

      Retail space for rent in high-traffic Clinton Township location.
      37239 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
    • $8 SF/Yr
      13,194 SF

      Industrial Facility with Corporate Image

      Shop and office space available in Clinton Township, Michigan.
      44810 Vic Wertz Dr, Clinton Township, MI 48036
      View Details
    • Contact for pricing
      11,040 SF

      Industrial Building Near M-59

      11,040 SF industrial building with air-conditioning near M-59.
      44837 Macomb Industrial Dr, Clinton Township, MI 48036
      View Details
    • $15 SF/Yr

      Retail Space on Harper Avenue

      Well-maintained shopping center with 1,800 SF unit for lease.
      37507-37527 Harper Ave, Clinton Township, MI 48036
      View Details
    • $1,400 /Mo
      Pending

      Turnkey Retail Location Available

      Move-in ready retail space with high visibility and ample parking.
      37239 S Groesbeck Hwy, Clinton Township, MI 48036
      View Details
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    Clinton Township, MI 48036-2707
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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