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Property profile & analytics
OFF-MARKET
Auto shops
19917 Waterloo Rd, Chelsea, MI 48118-9018
Trust Owned
14-yr Hold
~
Est. High Equity
Property ID
US43-1436351
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Total area
1,840 SF
Lot
1.3 ac (56,628 SF)
Zoning code
RR
APN
E -05-35-300-001
UPID
US43-1436351
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bristle Michael Trust · 14 yrs held
Bristle Michael Trust
since 2011
6 recorded transactions
Zoning & alternative use
RR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$4,724
Tax year 2023
Assessed value
$170,000
Assessed 2024
Previous assessed
$174,400
-2.5% YoY
Effective rate
2.78%
On assessed value
Total market value
$340,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
2
Total area
1,840 SF
Lot
1.3 ac (56,628 SF)
Zoning code
RR
APN
E -05-35-300-001
UPID
US43-1436351
Jurisdiction
WASHTENAW
Zoning & alternative use
RR · Chelsea, MI
Zoning RR · permitted uses
RR · 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
Year built
1930
Heating
NONE
Buildings
2
Lot
1.3 ac
Current owner
From public records · entity-resolved
Bristle Michael Trust
Trust
Mailing address
19917 WATERLOO RD, CHELSEA, MI 48118-9018
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2011
—
Bristle Michael Trust
Bristle,michael L
Quit Claim Deed
related
—
Sep 15, 2011
—
Michael L Bristle
Bristle Michael Trust
Quit Claim Deed
related
$66,790 · Flagstar Bank Fsb
Dec 15, 2003
—
Bristle,tr
Bristle,michael L & Cerleste J
Quit Claim Deed
related
—
—
—
Michael L Bristle
—
Deed Of Trust
related
$170,000 · Flagstar Bank Fsb
—
—
Michael L Bristle
—
Deed Of Trust
related
$160,000 · Flagstar Bank Fsb
—
—
Michael L Britle
—
Deed Of Trust
related
$200,000 · Comerica 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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