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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Grocery and convenience stores
4951 Sashabaw Rd Clarkston, MI 48346-3847
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US43-5297715
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Total area
3,480 SF
Lot
0.48 ac (20,996 SF)
Zoning code
MS
APN
J -08-34-326-013
UPID
US43-5297715
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
$400k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
$444k
Blend (final)
Blend
$585k
Owner & transaction history
Clarkston Real Estate Ventures LLC · 8 yrs held
Clarkston Real Estate Ventures LLC
since 2017
7 recorded transactions
Zoning & alternative use
MS · Clarkston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$615,000
+4.4%
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 Clarkston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkston 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
$400,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
COMMERCIAL (GENERAL)
$615,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$550,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$168 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$21,927
Tax year 2023
Assessed value
$636,700
Assessed 2024
Previous assessed
$614,600
+3.6% YoY
Effective rate
3.44%
On assessed value
Assessed land
$84,900
Assessed improvement
$551,800
Land market value
$169,800
Improvement market value
$1,103,600
Total market value
$1,273,400
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
3,480 SF
Lot
0.48 ac (20,996 SF)
Zoning code
MS
APN
J -08-34-326-013
UPID
US43-5297715
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
MS · Clarkston, MIZoning MS · permitted uses
MS · Clarkston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$615,000
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Clarkston Real Estate Ventures LLC
Entity
Mailing address
4951 SASHABAW RD, CLARKSTON, MI 48346-3847
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
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
Nov 8, 2019
—
Clarkston R & E Ventures LLC
—
Grant Deed
related
$19,400,000 · Citizens Bk NA
Sep 7, 2017
—
Clarkston Real Estate Ventures LLC
Clarkston Fuel Ventures INC
Warranty Deed
$25,000 · Independent Bank
Apr 7, 2005
—
Clarkston Fuel Ventures INC
Ft Services LLC
Warranty Deed
—
Jun 14, 2004
$562,000
Ft Services
Otg 2
Quit Claim Deed
related
—
Nov 7, 2003
—
Ft Services LLC
Otg 2 LLC
Quit Claim Deed
related
—
Oct 2, 2003
—
Ft Services LLC
—
Deed Of Trust
related
$10,000,000 · Comerica Bank
Sep 9, 1999
—
Otg 2 LLC
Clark Refining & Marketing INC
Quit Claim Deed
related
$500,000 · Ffca Acquisition Corp
—
—
Clarkston Fuel Ventures INC
—
Deed Of Trust
related
$151,787 · Independent Bank West Michigan
—
—
Clarkston Fuel Ventures INC
—
Deed Of Trust
related
$200,000 · Rka Petroleum Companies INC
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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