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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Refrigerated & Cold Storage
42850 Walnut St, Clinton Township, MI 48036-3174
Individually Owned
6-yr Hold
Free & Clear
Property ID
US43-1321179
Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1959
Total area
9,600 SF
Lot
2.04 ac (88,775 SF)
Zoning code
L-2
APN
05-11-12-252-002
UPID
US43-1321179
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
$657k
Blend (final)
Blend
$655k
Owner & transaction history
Nja Adventures · 6 yrs held
Nja Adventures
since 2019
5 recorded transactions
Zoning & alternative use
L-2 · Clinton Township, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$910,000
+40.6%
Auto repair, garage
$825,000
+27.5%
Industrial (general)
$715,000
+10.7%
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
WAREHOUSE, STORAGE
$645,000
Current use
OFFICE BUILDING
$910,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +28% · Conversion: Easy
INDUSTRIAL (GENERAL)
$715,000
Change: +11% · Conversion: Easy
COMMERCIAL (GENERAL)
$650,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$655k
Range $590k – $721k · ±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
$68 / 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
$14,138
Tax year 2022
Assessed value
$250,500
Assessed 2023
Previous assessed
$243,500
+2.9% YoY
Effective rate
5.64%
On assessed value
Total market value
$501,000
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
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
Off-Market
Year built
1959
Heating
FORCED AIR
Stories
1
Total area
9,600 SF
Lot
2.04 ac (88,775 SF)
Zoning code
L-2
APN
05-11-12-252-002
UPID
US43-1321179
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
L-2 · Clinton Township, MI
Zoning L-2 · permitted uses
L-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
WAREHOUSE, STORAGE Current
Est. value
$645,000
OFFICE BUILDING
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$825,000
INDUSTRIAL (GENERAL)
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$650,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
COMMERCIAL (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
1959
Heating
FORCED AIR
Stories
1
Lot
2.04 ac
Current owner
From public records · entity-resolved
Nja Adventures
Individual
Free & Clear · 6 yrs held
Mailing address
42850 WALNUT ST, CLINTON TOWNSHIP, MI 48036-3174
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Nja Adventures
Nicholas J Aiuto Of Warriers Prop
Quit Claim Deed
related
—
Apr 20, 2017
—
Warriors Properties LLC
Aiuto Family Trust
Warranty Deed
—
Oct 25, 2016
—
Warriors Properties LLC
Aiuto Family Trust
Warranty Deed
related
—
Oct 4, 2016
—
Aiuto Family Trust
Aiuto,nicholas J & Robin V
Quit Claim Deed
related
—
Jul 24, 2013
—
Nicholas J Aiuto
Wc Heinzmann Co
Warranty 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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