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Property profile & analytics
OFF-MARKET
Estimated value
$1,000,000
Retail space
125 Main St Chelsea, MI 48118-1543
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US43-1977369
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
8,934 SF
Lot
0.11 ac (4,966 SF)
Zoning code
C5 CENT
APN
06-06-12-183-034
UPID
US43-1977369
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$999k
Blend (final)
Blend
$1.00M
Owner & transaction history
Hwf Ents LLC · 18 yrs held
Hwf Ents LLC
since 2008
7 recorded transactions
Zoning & alternative use
C5 CENT · Chelsea, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+31.0%
Commercial (general)
$1.3M
+24.4%
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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
Alternative Use
Use
Estimation
RETAIL STORES
$1,025,000
Current use
OFFICE BUILDING
$1,345,000
Change: +31% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,280,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±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
$112 / 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
$26,625
Tax year 2023
Assessed value
$456,000
Assessed 2024
Previous assessed
$467,900
-2.5% YoY
Effective rate
5.84%
On assessed value
Total market value
$912,000
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
AC.PACKAGE
Total area
8,934 SF
Lot
0.11 ac (4,966 SF)
Zoning code
C5 CENT
APN
06-06-12-183-034
UPID
US43-1977369
Jurisdiction
WASHTENAW
Zoning & alternative use
C5 CENT · Chelsea, MI
Zoning C5 CENT · permitted uses
C5 CENT · Chelsea, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (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
2007
Heating
FORCED AIR
Cooling
Yes
Lot
0.11 ac
Current owner
From public records · entity-resolved
Hwf Ents LLC
Entity
Mailing address
125 S MAIN ST, CHELSEA, MI 48118-1543
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2024
—
Tolliver Ventures LLC
—
Deed
related
$126,000 · Chelsea State Bank
Jul 8, 2008
—
Hwf Ents LLC
Dunn,patricia L
Quit Claim Deed
related
—
Sep 24, 2004
—
Hwf Ents LLC
Flintoft Howard W Trust
Quit Claim Deed
related
—
Sep 21, 2004
—
Flintoft Howard W Trust
Springer,sheridan W & Sallie W
Quit Claim Deed
related
—
Aug 6, 2003
—
Flintpft,peter C Tr
Dunn,ludd M
Quit Claim Deed
related
—
Jan 17, 2003
—
Flintoft,tr
Ungrodt,tr
Quit Claim Deed
related
—
Jan 25, 1999
—
Peter C Flintoft
Howard W Flintoft Estate
Quit Claim Deed
related
$110,000 · Chelsea State Bank
—
—
Tolliver Ventures LLC
—
Deed Of Trust
related
$290,000 · Community Dev Commission
—
—
Hwf Ents LLC
—
Deed Of Trust
related
$250,000 · Chelsea State Bank
—
—
Hwf Ents LLC
—
Deed Of Trust
related
$325,000 · Chelsea 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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