Entity Owned Property summary
The property is a 0.71-acre ground-lease site with plans for a 2,000-square-foot commercial building. It fronts N Groesbeck Hwy and is positioned to serve vehicular traffic in both northbound and southbound directions. The site functions as an outparcel near established retail uses, including Planet Fitness and Mister Car Wash, and is located within a commercial retail environment with nearby national retailers. The site’s configuration and frontage support neighborhood- and driver-oriented uses associated with daily demand, such as fitness-related concepts, quick-service restaurants, coffee or smoothie operators, and quick lube/quick car care services.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
GC · Mount Clemens, MICommercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Commercial/Office (MU, GC) Major Major Minor Major Central Business (CB) Minor - - Industrial (I-1, I-2) Major Major Minor Minor 1 In instances where a "protected use" is developed adjacent to and after the use which is…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for GC in Mount Clemens, MI.
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