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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Office buildings
23521 Telegraph Rd Brownstown, MI 48134-9331
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-1359252
Property summary
AI-generated overview
This exceptional Brownstown Charter Township, MI property, known as the Chirco Enterprise Center, presents a unique investment opportunity. The single-story, 15,200 square foot office building, constructed in 2003, is situated at 23521 & 23537 Telegraph Rd, 48134, offering convenient access to I-75. The property features ample parking with 66 spaces. Currently configured as an owner/user opportunity, a portion of the building (7,600 square feet) is already leased to a long-term tenant, providing immediate income potential. The remaining 7,600 square feet is available for sale or lease. This prime location in Wayne County, Michigan, offers excellent visibility and accessibility, making it ideal for a variety of businesses. The property's single-story design provides efficient use of space and easy navigation. Contact for pricing details.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
15,210 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B-2
APN
70 059 99 0005 700
UPID
US43-1359252
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
$1.82M
Blend (final)
Blend
$1.83M
Owner & transaction history
CHIRCO CONSTRUCTION CO INC
CHIRCO CONSTRUCTION CO INC
Zoning & alternative use
B-2 · Brownstown, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.9M
+38.6%
Medical building
$1.4M
+7.3%
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 Brownstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brownstown 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
OFFICE BUILDING
$1,335,000
Current use
COMMERCIAL (GENERAL)
$1,850,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$1,430,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,250,000
Change: -6% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: -9% · Conversion: Difficult
RESTAURANT
$1,175,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$120 / 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
$44,962
Tax year 2023
Assessed value
$960,400
Assessed 2024
Previous assessed
$934,900
+2.7% YoY
Effective rate
4.68%
On assessed value
Total market value
$1,920,800
Applied tax rate
82,365.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Stories
1
Total area
15,210 SF
Lot
1.59 ac (69,260 SF)
Zoning code
B-2
APN
70 059 99 0005 700
UPID
US43-1359252
Jurisdiction
WAYNE
Metro division
DETROIT-LIVONIA-DEARBORN, MI METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Brownstown, MI
Zoning B-2 · permitted uses
B-2 · Brownstown, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brownstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$1.4M
RETAIL STORES
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
Heating
FORCED AIR
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
CHIRCO CONSTRUCTION CO INC
Entity
Free & Clear · 0 yrs held
Mailing address
12715 DON ALLEN DR, CARLETON, MI 48117-9267
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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