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    Property profile & analytics

    23053 Chrysler Dr Hazel Park, MI 48030-1379

    • Drive through restaurants
    • 1,216 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $290,000
    Last Sale
    Oct 15, 2020
    $255,000
    Location Intelligence
    Property ID
    US43-0045586
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tubby's Sub Shop / Fast Food Restaurant / Restaurant

    Property Details for 23053 Chrysler Dr

    Year built
    1951
    Lot size
    0.05 lot acres
    Property size
    1,216 SF
    Zone code
    BI
    Property type
    Drive through restaurants
    APN
    28-25-26-477-022
    APU
    282526477022

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $210,000
      6.5%
      $220,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $255,000
      Retail
      $255,000
      Mixed-Use
      $205,000
      Hospitality
      $210,000
      Educational
      $250,000
      Residential Income
      $245,000
      Energy
      $240,000
      Income-Based Land
      $245,000
      Food Service
      $195,000

    Location Insight

    • Map
    • Local Demand
    City
    Hazel Park
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1073
    Latitude
    42.4621
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,161
    $0.00
    $0.00
    $74,700
    -
    $0.00
    $0.00
    $149,400

    Comparable in this City

    • Value Estimation by Request
      3,902 SF

      23240 John R Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,902 SF
      23240 John R Rd, Hazel Park, MI 48030-1474
      View Details
    • Value Estimation by Request
      2,949 SF

      330 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,949 SF
      330 9th Mile Rd, Hazel Park, MI 48030-1742
      View Details
    • Value Estimation by Request
      792 SF

      22941 Dequindre Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 792 SF
      22941 Dequindre Rd, Hazel Park, MI 48030-1947
      View Details
    • Value Estimation by Request
      2,973 SF

      50 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,973 SF
      50 9th Mile Rd, Hazel Park, MI 48030-1749
      View Details
    • Value Estimation by Request
      1,976 SF

      20727 John R Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,976 SF
      20727 John R Rd, Hazel Park, MI 48030-2412
      View Details
    • Value Estimation by Request
      787 SF

      300 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 787 SF
      300 9th Mile Rd, Hazel Park, MI 48030-1854
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Dequindre Rd Retail Investment Opportunity

      Retail property with long-term lease and income potential.
      20721 Dequindre Rd, Hazel Park, MI 48030
      View Details
    • $369,700

      Renovated Commercial Space on Dequindre

      Renovated commercial space with garage, office, and fenced yard.
      22711 Dequindre Rd, Hazel Park, MI 48030
      View Details
    • $350,000

      Mechanic Shop and Auto Dealership

      Turnkey mechanic shop and auto dealership with Class B license.
      22031 Dequindre Rd, Hazel Park, MI 48030
      View Details
    • Contact for pricing
      3,445 SF

      Hazel Park Storefront Redevelopment Opportunity

      High-traffic retail space, redevelopment potential.
      877 8 Mile Rd, Hazel Park, MI 48030
      View Details
    • $220,000

      Hazel Park Commercial Property on 8 Mile

      Highly visible commercial property on 8 Mile Road in Hazel Park.
      427 E 8 Mile Rd, Hazel Park, MI 48030
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      Hazel Park Commercial Opportunity

      Versatile property with high visibility and expansion plans included.
      24350 John R Rd, Hazel Park, MI 48030
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    Similar Nearby for Lease

    • $27 SF/Yr
      1,534 SF

      Hazel Park Retail Space For Lease

      1,534 SF Free-Standing Retail, Culinary District
      23725 John R Rd, Hazel Park, MI 48030
      View Details
    • Contact for pricing
      42,402 SF

      Gateway Crossings Retail Center

      Hazel Park, MI: Prime Retail Space Available
      1727-1839 8 Mile Rd, Hazel Park, MI 48030
      View Details
    • $248,000
      1,500 SF

      Hazel Park Retail or Office

      1,500 SF building suitable for office or retail use.
      24831 John R Rd, Hazel Park, MI 48030
      View Details
    • $18 SF/Yr
      2,596 SF

      Hazel Park Retail/Office Space

      Versatile retail or office space with high visibility and parking.
      22102 John R Rd, Hazel Park, MI 48030
      View Details
    • Contact for pricing

      Hazel Park Commercial Property

      Commercial property available for rent in Hazel Park, Michigan.
      22411 S Chrysler Dr, Hazel Park, MI 48030
      View Details
    • Contact for pricing
      2,600 SF

      Hazel Park Retail Plaza

      High-traffic retail space available
      1142-1182 9 Mile Rd, Hazel Park, MI 48030
      View Details

    Property Visit Statistics

    • Visits by month
      307
    • Visitors by month
      2.8k
    • Avg Time on site
      11 min
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    23053 Chrysler Dr
    Hazel Park, MI 48030-1379
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    Realmo Value Estimation

    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.

    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.

    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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