Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Commercial real estate
244 Elwyn Dr Chesaning, MI 48616-1011
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2694950
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2017
Total area
24,602 SF
Lot
3.74 ac (162,914 SF)
Zoning code
A-1
APN
13-09-3-17-1803-001
UPID
US43-2694950
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
$1.08M
Blend (final)
Blend
$1.09M
Owner & transaction history
Baruch Sls INC · 3 yrs held
Baruch Sls INC
since 2022
7 recorded transactions
Zoning & alternative use
A-1 · Chesaning, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended primarily for agricultural and residential land uses to provide protection to agricultural lands and promoting an orderly transition to urban development.
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
427.83 ac
Source
Realmo
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 Chesaning submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesaning 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
COMMERCIAL (GENERAL)
$1,085,000
Current use
INDUSTRIAL (GENERAL)
$965,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±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
$44 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$49,519
Tax year 2022
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Year built
2017
Heating
NONE
Stories
1
Total area
24,602 SF
Lot
3.74 ac (162,914 SF)
Zoning code
A-1
APN
13-09-3-17-1803-001
UPID
US43-2694950
Jurisdiction
SAGINAW
Zoning & alternative use
A-1 · Chesaning, MIZoning A-1 · permitted uses
A-1 · Chesaning, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended primarily for agricultural and residential land uses to provide protection to agricultural lands and promoting an orderly transition to urban development.
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
427.83 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
INDUSTRIAL (GENERAL)
Est. value
$965,000
COMMERCIAL (GENERAL) Current
INDUSTRIAL (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
2017
Heating
NONE
Stories
1
Lot
3.74 ac
Current owner
From public records · entity-resolved
Baruch Sls INC
Entity
Mailing address
3196 KRAFT AVE SE STE #203, GRAND RAPIDS, MI 49512-2065
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
Baruch Sls INC
Quality Care Rentals LLC
Warranty Deed
—
Aug 3, 2022
—
Baruch Sls INC
—
Deed
related
$3,400,000 · United States Of America
Feb 28, 2019
—
Quality Care Rentals LLC
—
Deed
related
—
Jan 8, 2019
—
Quality Care Rentals LLC
—
Deed
related
$1,272,002 · Mercantile Bk/mi
Nov 30, 2018
—
Quality Care Rentals LLC
—
Deed
related
$913,000 · Community Dev Commission
Apr 3, 2018
—
Dcs Rentals LLC
—
Deed
related
$200,000 · Mercantile Bk/mi
May 3, 2017
—
Quality Care Rentals LLC
Dcs Rentals LLC
Quit Claim Deed
related
$2,438,357 · Mercantile Bk/mi
Mar 20, 2015
$13,500
Dcs Rentals LLC
Beldyga Sheila M
Warranty Deed
—
Jan 16, 2015
—
Sheila M Beldyga
Beldyga,chris M
Quit Claim Deed
related
—
—
—
Quality Care Rentals LLC
—
Loan Modification
related
—
—
—
Quality Care Rentals LLC
—
Deed Of Trust
related
$1,272,002 · Mercantile Bk/mi
—
—
Quality Care Rentals LLC
—
Deed Of Trust
related
$913,000 · Community Dev Commission
—
—
Dcs Rentals LLC
—
Deed Of Trust
related
$200,000 · Mercantile Bk/mi
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 244 Elwyn Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
