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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7010 Gateway Park Dr Clarkston, MI 48346

    • Strip malls
    • 21,634 SF
    • 3.91 lot acres
    For Lease
    View listing
    Last Sale
    Mar 01, 2021
    $2,100,000
    Value Estimations
    $2,190,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1772703
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 7010 Gateway Park Dr

    Year built
    2002
    Lot size
    3.91 lot acres
    Property size
    21,634 SF
    Zone code
    PUD
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    J -08-31-376-029
    APU
    J0831376029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,205,000
      ML approach
      $2,205,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,345,000
      Market price range: $1.21M - $3.00M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,015,000
      Current use
      MEDICAL BUILDING
      $3,415,000
      Change: +70% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,650,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $2,535,000
      Change: +26% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,750,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4411
    Latitude
    42.7044
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,377
    $319,000
    $798,200
    $1,117,200
    -
    $638,000
    $1,596,400
    $2,234,400

    Comparable in this City

    • Value Estimation
      $1,300,000
      5,008 SF

      6160 Dixie Hwy

      SHOPPING CENTER, STRIP CENTER • 5,008 SF
      6160 Dixie Hwy, Clarkston, MI 48346-3491
      View Details
    • Value Estimation
      $600,000
      7,954 SF

      5882 Dixie Hwy, Unit 5886

      SHOPPING CENTER, STRIP CENTER • 7,954 SF
      5882 Dixie Hwy, Clarkston, MI 48346-4501
      View Details
    • Value Estimation by Request
      7,134 SF

      6525 Dixie Hwy

      SHOPPING CENTER, STRIP CENTER • 7,134 SF
      6525 Dixie Hwy, Clarkston, MI 48346-3499
      View Details
    • Value Estimation
      $845,000
      18,186 SF

      5875 Dixie Hwy, Unit 5911

      SHOPPING CENTER, STRIP CENTER • 18,186 SF
      5875 Dixie Hwy, Clarkston, MI 48346-3360
      View Details
    • Value Estimation
      $6,005,000
      62,944 SF

      6365 Sashabaw Rd, Unit 6545

      SHOPPING CENTER, STRIP CENTER • 62,944 SF
      6365 Sashabaw Rd, Clarkston, MI 48346-2261
      View Details
    • Value Estimation
      $1,555,000
      30,082 SF

      5785 Main St, Unit 5811

      SHOPPING CENTER, STRIP CENTER • 30,082 SF
      5785 Main St, Clarkston, MI 48346
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      91 SF

      Kroger Anchored Shopping Center

      High-performing shopping center serving multiple communities.
      5990 Sashabaw Rd, Clarkston, MI 48346
      View Details
    • $1,650,000
      1.18 Acres

      Dixie Highway Commercial Land

      Two prime parcels, ideal development.
      I-75 City Of The Vlg, City of the Village of Clarkston, MI 48346
      View Details
    • $249,900

      Land Near District Court

      Commercial land suitable for office or medical building development.
      Citation Dr, Clarkston, MI 48346
      View Details
    • $699,999
      3,006 SF

      Historic Apartment Building in Clarkston

      Five-unit historical apartment building in downtown Clarkston near Depot Park.
      59 S Main St, Clarkston, MI 48346
      View Details
    • $950,000
      3,500 SF

      Prime Clarkston Office Space Available

      Pristine office space in desirable Clarkston, near I-75.
      7590 Dixie Hwy, Clarkston, MI 48346
      View Details
    • $2,400,000

      Commercial Land with Dixie Highway Frontage

      6.44 acres of commercial land in Clarkston, Michigan.
      7500 Dixie Hwy, Clarkston, MI 48346
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      150,000 SF

      Independence Town Center Retail Space

      High-traffic retail space available in Oakland County.
      6555 Sashabaw Rd, Independence charter Township, MI 48346
      View Details
    • New
      $4,500 /Mo
      3,600 SF

      Main Street Retail Space Available

      Retail space for lease on Main Street in Clarkston, MI.
      22 S Main St, Clarkston, MI 48346
      View Details
    • Contact for pricing

      Clarkston Commercial Property for Rent

      Commercial property available for rent in Clarkston, Michigan.
      Waldon Rd, Clarkston, MI 48346
      View Details
    • Contact for pricing

      Clarkston Commercial Property for Rent

      Commercial property available for rent in Clarkston, Michigan.
      Waldon Rd, Clarkston, MI 48346
      View Details
    • Contact for pricing

      Independence Township Commercial Space

      Commercial space available for rent in Independence Township, Michigan.
      6001 Cheshire Park Dr, Independence Township, MI 48346
      View Details
    • Contact for pricing
      8,300 SF

      Clarkston Retail Space Available

      Retail property with 8,300 square feet in Clarkston, Michigan.
      7071-7153 Dixie Hwy, Clarkston, MI 48346
      View Details
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    Clarkston, MI 48346
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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