Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4836 Gratiot Ave Saint Clair, MI 48079-1515
    Back to Search
    Property profile & analytics

    4836 Gratiot Ave, Saint Clair, MI 48079-1515

    View on Map
    • Commercial real estate
    • 6,496 SF
    • 4.42 lot acres
    Off-Market
    Last Sale Jan 11, 2024
    Property ID
    US43-4562251
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4836 Gratiot Ave

    Lot size
    4.42 lot acres
    Property type
    Commercial real estate
    APN
    74-30-001-1011-000
    APU
    74300011011000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 11, 2024 — George I Margaritis George I Margaritis Intrafamily Transfer · related —
    Dec 21, 2012 — George Margaritis Margaritis,george Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Clair
    County
    St. Clair
    State
    Michigan
    Longitude
    -82.5136
    Latitude
    42.9046
    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
    2023
    $2,843
    $0.00
    $0.00
    $164,700
    -
    $0.00
    $0.00
    $329,400

    Comparable in this City

    • Value Estimation by Request
      4.00 Acres

      6372 Fred W Moore Hwy

      COMMERCIAL (GENERAL)
      6372 Fred W Moore Hwy, Saint Clair, MI 48079
      View Details
    • Value Estimation by Request
      8.49 Acres

      1970 Riv Rd

      COMMERCIAL (GENERAL)
      1970 Riv Rd, Saint Clair, MI 48079-3630
      View Details
    • Value Estimation by Request
      5,112 SF

      2620 Cox Rd

      COMMERCIAL (GENERAL)
      2620 Cox Rd, Saint Clair, MI 48079-5260
      View Details
    • Value Estimation by Request
      3,700 SF

      5334 Gratiot Ave

      COMMERCIAL (GENERAL)
      5334 Gratiot Ave, Saint Clair, MI 48079-1436
      View Details
    • Value Estimation by Request

      Saint Clair, MI 48079

      COMMERCIAL (GENERAL)
      Saint Clair, MI 48079
      View Details
    • Value Estimation by Request

      1554 Edison St

      COMMERCIAL (GENERAL)
      1554 Edison St, Saint Clair, MI 48079
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,885 SF

      Spacious Commercial Unit in Riverview Plaza

      4,885 SF commercial unit in high-traffic Riverview Plaza.
      201 N Riverside Ave, Saint Clair, MI 48079
      View Details
    • $225,000
      0.75 Acres

      Saint Clair Vacant Land

      Vacant land available in Saint Clair, Michigan.
      6009 Gratiot Ave, Saint Clair, MI 48079
      View Details
    • $330,000
      2,582 SF

      Corner-Lot Commercial Building

      Commercially zoned corner-lot building in downtown St. Clair, suitable for office, retail, or professional services.
      102 S 3Rd St, Saint Clair, MI 48079
      View Details
    • $1,600,000
      11,923 SF

      St. Clair Riverfront Commercial Building

      Fully occupied 4-unit commercial building along the Saint Clair River.
      201 N Riverside Ave, St Clair, MI 48079
      View Details
    • $75,000
      1.25 Acres

      B-1 Zoned Commercial Land Parcel

      Commercially zoned land suitable for a range of business uses with natural gas available at the road.
      Wadhams Rd, Saint Clair, MI 48079
      View Details
    • $99,900
      0.66 Acres

      Residential Land in Saint Clair

      Vacant land for custom home in Saint Clair, Michigan.
      1 Golfside Dr, Saint Clair, MI 48079
      View Details

    Similar Nearby for Lease

    • $2,920 /Mo

      Updated Space For Lease

      Two-story building with open layout, suitable for retail or office.
      1306 S Carney Dr, St Clair, MI 48079
      View Details
    • Contact for pricing

      Updated Office Space in St. Clair

      Prime location office space with updated features and flexible layout.
      531 N Riverside Ave, St Clair, MI 48079
      View Details
    • Contact for pricing

      St. Clair County Commercial Space

      Commercial property available for rent in St. Clair County.
      1159-1187 S Carney Dr. St Clair, Saint Clair, MI 48079
      View Details
    • Contact for pricing

      Updated Space with Elevator

      Two-story space suitable for retail, office, or medical uses.
      1306 S Carney Dr, St Clair, MI 48079
      View Details
    • $2,920 /Mo
      3,500 SF

      Two-Story Multi-Use Building

      Updated two-story building with elevator access and an open layout, plus a finished basement suited for flexible uses.
      1306 S Carney Dr, Saint Clair, MI 48079
      View Details
    • $3,873 /Mo

      Prime Corner Lot in St. Clair

      Commercially zoned corner lot in downtown St. Clair.
      102 S 3Rd St, St Clair, MI 48079
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4836 Gratiot Ave
    Saint Clair, MI 48079-1515
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4836 Gratiot Ave, Saint Clair, MI, 48079
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!