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    Chesterfield Xing New Baltimore, MI 48047

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    Chesterfield Xing New Baltimore, MI 48047

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    • Land
    • 27.47 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Chesterfield Xing

    Lot size
    27.47 lot acres
    Property type
    Land

    Description

    This exceptional 27.47-acre commercial land parcel presents a unique investment opportunity in the thriving New Baltimore, Michigan market. Located at Chesterfield Crossing in Macomb County, this single-tenant property offers significant potential for development. The expansive acreage provides ample space for a wide range of commercial ventures, allowing for substantial build-out and customization to meet specific business needs. Situated in the desirable 48047 zip code, the property benefits from excellent visibility and accessibility, ensuring high traffic flow and strong brand recognition. The location offers convenient access to major transportation routes, facilitating seamless logistics and efficient operations. This is a blank canvas for ambitious entrepreneurs and established businesses seeking to expand their footprint in a dynamic and growing community. The property's size and strategic location make it an ideal candidate for a variety of commercial developments, from retail centers and office complexes to industrial facilities and distribution hubs. With its significant acreage and prime location, this property represents a rare opportunity to acquire a substantial land holding in a highly sought-after area. Serious inquiries are encouraged to explore the possibilities and secure this exceptional commercial land opportunity. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Baltimore
    County
    Macomb
    State
    Michigan
    Longitude
    -82.7404
    Latitude
    42.7132

    Comparable in this City

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      22.30 Acres

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      5.10 Acres

      36560 Twenty-Six Mile Rd

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      27.47 Acres

      26 Mile Rd

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      16.43 Acres

      32140 Twenty-Six Mile Rd

      Land • 16.43 Acres
      32140 Twenty-Six Mile Rd, New Baltimore, MI 48047
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      0.63 Acres

      .630 Acres Vacant Land Gratiot

      Land • 0.63 Acres
      0 .630 Acres Vacant Land Gratiot, New Baltimore, MI 48047
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    • Value Estimation by Request
      6.33 Acres

      32380 23 Mile Rd

      Land • 6.33 Acres
      32380 23 Mile Rd, New Baltimore, MI 48047
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      Land For Sale

      Land available for sale.
      29430 23 Mile Rd, Chesterfield, MI 48047
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      Land For Sale

      2.07 acres of land available for purchase.
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    • $225,000
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      Waterfront Vacant Lot Opportunity

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      Buildable Lot with Lake Views

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      Prime Vacant Land Opportunity

      1.04-acre vacant land parcel on 23 Mile Road, Chesterfield, MI.
      33070 23 Mile Rd, Chesterfield, MI 48047
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      27.47 Acres Commercial Land

      27.47 acres of commercial development land available for sale.
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    Similar Nearby for Lease

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      Land with Main Road Frontage

      Land available for lease with potential for various developments.
      30670 23 Mile Rd, Chesterfield, MI 48047
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      Office Space Near Sports Academy

      Office space featuring multiple rooms and amenities, near Sports Academy.
      30845 23 Mile Rd, Chesterfield, MI 48047
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      Professional Office Suite For Lease

      Professional office suite available for lease in New Baltimore, MI.
      35054 23 Mile Rd, New Baltimore, MI 48047
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    Chesterfield Xing
    New Baltimore, MI 48047
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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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