Entity Owned Property summary
AI-generated overview
The property consists of a 1.55-acre waterfront site near downtown Clarkston on Dixie Highway, located between Main Street and White Lake Road with a stated traffic volume of 31,755 vehicles per day. The land supports multiple zoning classifications, including C-1, C-2, C-3, C-4, O-1, O-2, PUD, and PRU. On-site there is an existing office building of 1,970 square feet plus a walkout lower level with full windows on two sides, bringing the combined building area to 3,940 square feet, and the building contains a total of seven bathrooms. Adjacent to the office building is a 3,500-square-foot cinema structure. Both buildings have been unused for several years, and the site offers potential for renovation or repurposing. The total property size is stated as 7,440 square feet.
Property profile
Verified
Property type
Office buildings
Use group
THEATER (MOVIE)
Year built
1970
Total area
5,527 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
J -08-29-327-013
UPID
US43-1280397
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$300k
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
C-2 · Clarkston, MI
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$300k
Value range
$270k – $330k
±10% around blend
Estimated value / SF
$54 / SF
Confidence
Property data
100
Comparable evidence
60
$270k
blend $300k
$330k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,527 SF
Lot area
1.55 ac
Year built
1970
Stories
1
APN
J -08-29-327-013
Zoning
C-2
Assessed value
$248,400
Annual tax
$9,346
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$300k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$248k
Move the market yield to see immediate price impact.
Value / SF
$45
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$313k
$224k
$174k
$17k
$348k
$248k
$193k
$19k
$383k
$273k
$213k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$9,346
Tax year 2023
Assessed value
$248,400
Assessed 2024
Previous assessed
$236,700
+4.9% YoY
Effective rate
3.76%
On assessed value
Assessed land
$202,100
Assessed improvement
$46,300
Land market value
$404,200
Improvement market value
$92,600
Total market value
$496,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Stories
1
Total area
5,527 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
J -08-29-327-013
UPID
US43-1280397
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Clarkston, MIZoning C-2 · permitted uses
C-2 · Clarkston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Stories
1
Lot
1.55 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-2
Jurisdiction
Clarkston, MI
Recorded code
C-2
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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