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Property profile & analytics
FOR LEASE
Strip malls
7010 Gateway Park Dr, Clarkston, MI 48346
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1772703
For Lease
1 / 2
$2,190,000
7010 Gateway Park Dr, Clarkston, MI 48346
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
21,634 SF
Lot
3.91 ac (170,320 SF)
Zoning code
PUD
APN
J -08-31-376-029
UPID
US43-1772703
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
$2.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.35M
Blend (final)
Blend
$2.19M
Owner & transaction history
Gateway Park Holdings LLC · 5 yrs held
Gateway Park Holdings LLC
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
PUD · Clarkston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+69.6%
Auto repair, garage
$2.7M
+31.7%
Office building
$2.5M
+26.0%
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
$2,205,000
ML approach
$2,205,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$2.19M
Range $1.97M – $2.41M · ±10% · vs last sale $2.10M (Mar 1 2021)
Last sale anchor
$2.10M
Mar 1 2021
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
$101 / 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
$53,377
Tax year 2023
Assessed value
$1,117,200
Assessed 2024
Previous assessed
$1,063,300
+5.1% YoY
Effective rate
4.78%
On assessed value
Assessed land
$319,000
Assessed improvement
$798,200
Land market value
$638,000
Improvement market value
$1,596,400
Total market value
$2,234,400
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
21,634 SF
Lot
3.91 ac (170,320 SF)
Zoning code
PUD
APN
J -08-31-376-029
UPID
US43-1772703
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
PUD · Clarkston, MI
Zoning PUD · permitted uses
PUD · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
3.91 ac
Current owner
From public records · entity-resolved
Gateway Park Holdings LLC
Entity
Mailing address
38215 W 10TH MILE RD STE #7, FARMINGTON HILLS, MI 48335-2866
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
$2,100,000
Gateway Park Holdings LLC
Shell Investments LLC
Warranty Deed
$1,575,000 · Premier Bank
Oct 22, 2009
—
Shell Investments LLC
Shell Family
Quit Claim Deed
related
$1,253,777 · Clarkston State Bank
Apr 26, 2007
—
Shell Investments LLC
Shell Family
Quit Claim Deed
related
—
Dec 29, 2006
—
Shell Investments LLC
Shell,robert E & Kay M
Quit Claim Deed
related
—
Dec 18, 2006
—
Shell Investments LLC
Shell,robert E & Kay M
Quit Claim Deed
related
—
Mar 30, 1999
—
Independence Industrial Park
Oak Hill Corners
Quit Claim Deed
related
—
Oct 13, 1998
—
Hill Corners Oak
Independence Ind Park Ptshp
Quit Claim Deed
related
—
—
—
Shell Family LP
—
Deed Of Trust
related
$350,000 · Clarkston State Bank
—
—
Shell Family
—
Deed Of Trust
related
$1,700,000 · Clarkston State 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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