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Property profile & analytics
OFF-MARKET
Commercial land
5920 Waldon Rd Clarkston, MI 48346-2234
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5198065
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Total area
1,162 SF
Lot
1.52 ac (66,211 SF)
Zoning code
R1A
APN
J -08-22-351-058
UPID
US43-5198065
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
Pulte Homes Michigan LLC · 4 yrs held
Pulte Homes Michigan LLC
since 2021
4 recorded transactions
Zoning & alternative use
R1A · Clarkston, 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 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
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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,209
Tax year 2020
Assessed value
$88,400
Assessed 2021
Previous assessed
$88,400
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$23,200
Assessed improvement
$65,200
Land market value
$46,400
Improvement market value
$130,400
Total market value
$176,800
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
2
Total area
1,162 SF
Lot
1.52 ac (66,211 SF)
Zoning code
R1A
APN
J -08-22-351-058
UPID
US43-5198065
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
R1A · Clarkston, MI
Zoning R1A · permitted uses
R1A · Clarkston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clarkston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
FORCED AIR
Stories
1
Rooms
8
Bathrooms
2
Lot
1.52 ac
Current owner
From public records · entity-resolved
Pulte Homes Michigan LLC
Entity
Free & Clear · 4 yrs held
Mailing address
556 N SAGINAW ST, PONTIAC, MI 48342-1466
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
—
Pulte Homes Michigan LLC
S Hoz LLC
Warranty Deed
—
Jun 2, 2011
—
Waldon Place LLC
—
Deed Of Trust
related
$1,284,651 · Oxford Bank & Trust
Jan 23, 2003
$300,000
Waldon Place LLC
Bass,gerald D
Grant Deed
—
—
—
Waldon Place LLC
—
Deed Of Trust
related
$535,000 · Oxford 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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