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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Commercial real estate
1645 Commerce Park Dr, Chelsea, MI 48118-1451
Individually Owned
1-yr Hold
Free & Clear
Property ID
US43-2611314
Property summary
AI-generated overview
This freestanding commercial building, located at 1645 Commerce Park Dr in Chelsea, Michigan (48118), offers 8,362 square feet of versatile space on a 1.5-acre lot. Its convenient location just off I-94 ensures high visibility and easy accessibility for both local customers and those traveling along the interstate. Ample parking is available on-site. The building's spacious and adaptable layout presents a unique opportunity for a variety of businesses. Potential uses include, but are not limited to, daycare centers, offices, medical practices, or retail establishments. The open floor plan allows for flexible customization to meet the specific needs of any tenant, making it a turnkey solution for prospective occupants. This property is situated in Washtenaw County and benefits from its excellent location and accessibility. The property's size and features make it an ideal choice for businesses seeking a prominent location with significant space and convenient access to a major highway.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.5 ac (65,340 SF)
Zoning code
C3 HIG
APN
06-06-13-380-031
UPID
US43-2611314
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
National Organization Of New Aposto · 1 yrs held
National Organization Of New Aposto
since 2024
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
C3 HIG · Chelsea, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Oct 15 2024)
Last sale anchor
$850k
Oct 15 2024
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
—
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
$27,836
Tax year 2023
Assessed value
$483,100
Assessed 2024
Previous assessed
$483,100
+0.0% YoY
Effective rate
5.76%
On assessed value
Total market value
$966,200
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
FORCED AIR
Lot
1.5 ac (65,340 SF)
Zoning code
C3 HIG
APN
06-06-13-380-031
UPID
US43-2611314
Jurisdiction
WASHTENAW
Zoning & alternative use
C3 HIG · Chelsea, MI
Zoning C3 HIG · permitted uses
C3 HIG · 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.
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
1.5 ac
Current owner
From public records · entity-resolved
National Organization Of New Aposto
Individual
Free & Clear · 1 yrs held
Mailing address
1645 COMMERCE PARK DR, CHELSEA, MI 48118-1451
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
$850,000
National Organization Of New Aposto
Chelsea Banquet Hall Property LLC
Warranty Deed
—
May 9, 2023
—
Chelsea Hospitality Group LLC
—
Deed
related
$4,900,000 · Genisys Cu
Jan 10, 2022
$80,000
Chelsea Banquet Hall Property LLC
Chelsea Hospitality Group LLC
Quitclaim Deed
related
—
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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