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Property profile & analytics
OFF-MARKET
Estimated value
$7,330,000
Manufacturing properties
6338 Sashabaw Rd Clarkston, MI 48346-2260
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-1660686
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2004
Total area
117,980 SF
Lot
11.33 ac (493,535 SF)
Zoning code
IOP
APN
J -08-27-201-017
UPID
US43-1660686
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
Current use
Occupant on record · Public records
-
Sheffler Manufacturing Industrial Manufacturer Production Facility
-
LGI International Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.00M
Comparable Approach
Comparable
$7.93M
Blend (final)
Blend
$7.33M
Owner & transaction history
Group 5 Holdings LLC · 12 yrs held
Group 5 Holdings LLC
since 2013
7 recorded transactions
Zoning & alternative use
IOP · Clarkston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$11.0M
+14.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$9,740,000
6.5%
$8,995,000
7%
$8,350,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,555,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,980,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$7.33M
Range $6.60M – $8.06M · ±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
$62 / 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
$129,184
Tax year 2023
Assessed value
$3,291,000
Assessed 2024
Previous assessed
$3,123,200
+5.4% YoY
Effective rate
3.93%
On assessed value
Assessed land
$546,000
Assessed improvement
$2,745,000
Land market value
$1,092,000
Improvement market value
$5,490,000
Total market value
$6,582,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
117,980 SF
Lot
11.33 ac (493,535 SF)
Zoning code
IOP
APN
J -08-27-201-017
UPID
US43-1660686
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
IOP · Clarkston, MI
Zoning IOP · permitted uses
IOP · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.0M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
11.33 ac
Current owner
From public records · entity-resolved
Group 5 Holdings LLC
Entity
Mailing address
6338 SASHABAW RD, CLARKSTON, MI 48346-2260
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
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
Aug 14, 2013
$4,000,000
Group 5 Holdings LLC
Sheffer & Assoc LLC
Warranty Deed
$4,000,000 · Jpmorgan Chase Bank NA
Mar 28, 2006
—
Sheffler & Associates LLC
—
Trustees Deed
related
$1,627,500 · Key Bank NA
Feb 16, 2006
—
Sheffler & Associates LLC
—
Trustees Deed
related
$2,034,500 · Key Bank NA
Apr 19, 2005
—
Sheffler & Associates LLC
—
Trustees Deed
related
$1,262,000 · Key Bank NA
Jan 28, 2004
$1,150,000
Sheffler & Assoc LLC
Independence Development LLC
Grant Deed
$3,403,000 · Comerica Bank
Feb 13, 1998
—
Independence Developers LLC
Village Developer Co
Grant Deed
related
—
Feb 12, 1998
—
Village Development Co
Nolan,donald G
Quit Claim Deed
related
—
—
—
Sheffler & Associates
—
Deed Of Trust
related
$2,477,000 · Key Bank NA
—
—
Sheffler & Associates LLC
—
Deed Of Trust
related
$417,500 · Key Bank NA
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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