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Property profile & analytics
OFF-MARKET
Estimated value
$7,635,000
Grocery and convenience stores
6625 Dixie Hwy 6669 Clarkston, MI 48346-3422
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1818054
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Total area
87,130 SF
Lot
9.01 ac (392,476 SF)
Zoning code
C-3
APN
J -08-32-201-010
UPID
US43-1818054
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
-
SNOWFOX Sushi Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.77M
Blend (final)
Blend
$7.64M
Owner & transaction history
Exchangeright Nlp 53 Master Lessee · 4 yrs held
Exchangeright Nlp 53 Master Lessee
since 2022
7 recorded transactions
Zoning & alternative use
C-3 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.64M
Range $6.87M – $8.40M · ±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
$88 / 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
$181,767
Tax year 2023
Assessed value
$3,833,400
Assessed 2024
Previous assessed
$3,647,400
+5.1% YoY
Effective rate
4.74%
On assessed value
Assessed land
$494,200
Assessed improvement
$3,339,200
Land market value
$988,400
Improvement market value
$6,678,400
Total market value
$7,666,800
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1989
Heating
FORCED AIR
Stories
1
Total area
87,130 SF
Lot
9.01 ac (392,476 SF)
Zoning code
C-3
APN
J -08-32-201-010
UPID
US43-1818054
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-3 · Clarkston, MIZoning C-3 · permitted uses
C-3 · Clarkston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
FORCED AIR
Stories
1
Lot
9.01 ac
Current owner
From public records · entity-resolved
Exchangeright Nlp 53 Master Lessee
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2022
—
Exchangeright Value Add Portfolio 2
—
Deed
related
$12,550,000 · Barclays Capital Real Estate INC
Mar 10, 2022
—
Exchangeright Nlp 53 Master Lessee
Exchangeright Net Leased Portfolio
Ground Lease
related
$86,000,000 · Citi Real Estate Funding INC
Jan 19, 2022
—
Exchangeright Net Leased Portfolio
New Heritage Plaza Partnership LLC
Deed
—
Oct 6, 2020
—
New Heritage Plaza Partnership LLC
—
Deed
related
$7,200,000 · Mony Life Insurance Company
May 24, 2019
—
New Heritage Plaza Ptshp LLC
Steinberg Robert Z
Quit Claim Deed
related
—
Feb 2, 2006
—
New Heritage Plaza Partnership L L
Clarkston Oaks Limited Partnership
Warranty Deed
—
—
—
New Heritage Plaza Partnership
—
Deed Of Trust
related
$7,500,000 · Miscellaneous Ins Co
—
—
Clarkston Oaks LP
—
Deed Of Trust
related
$6,000,000 · Jackson National Life Ins Co
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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