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Property profile & analytics
OFF-MARKET
Commercial real estate
402 Poplar St, Clio, MI 48420-1285
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1860570
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,074 SF
Lot
0.12 ac (5,271 SF)
Zoning code
R-1
APN
51-14-551-052
UPID
US43-1860570
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Moreau Property Group LLC · 1 yrs held
Moreau Property Group LLC
since 2025
Last sale
$165,500
7 recorded transactions
Zoning & alternative use
R-1 · Clio, 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 Clio submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clio 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2021Property tax & assessments
Tax year 2021
Tax billed
$3,042
Tax year 2021
Assessed value
$51,100
Assessed 2023
Previous assessed
$45,500
+12.3% YoY
Effective rate
5.95%
On assessed value
Total market value
$102,200
Applied tax rate
51.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
3,074 SF
Lot
0.12 ac (5,271 SF)
Zoning code
R-1
APN
51-14-551-052
UPID
US43-1860570
Jurisdiction
GENESEE
Zoning & alternative use
R-1 · Clio, MI
Zoning R-1 · permitted uses
R-1 · Clio, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clio. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Moreau Property Group LLC
Entity
Mailing address
8308 OFC PARK DR STE #4, GRAND BLANC, MI 48439-2075
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
—
Moreau Property Group LLC
Matthew Moreau
Quitclaim Deed
related
—
Jan 22, 2025
—
Matthew Moreau
Moreau Property Group LLC
Quitclaim Deed
related
$165,000 · Legacy Mortgage
Jan 26, 2018
$165,500
Moreau Property Group LLC
Parashar,sunil
Warranty Deed
$132,000 · Elga Cu
Aug 29, 2016
—
Sunil Parashar
Sapace LLC
Quit Claim Deed
related
$50,000 · Independent Bank
Jun 21, 2016
$62,000
Sapace LLC
Simms,james P
Warranty Deed
—
Mar 3, 2005
$195,000
David G Warner
Sterling Imogene Trust
Warranty Deed
—
Mar 3, 2005
$110,000
James P Simms
Warner,david G & Julia L
Warranty Deed
related
—
—
—
James P Simms
—
Deed Of Trust
related
$124,700 · First Place Bank
—
—
James P Simms
—
Deed Of Trust
related
$133,000 · Franklin 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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