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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Flex space
28245 Kehrig St, Chesterfield, MI 48047-5248
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-0151687
Property summary
AI-generated overview
This exceptional 14,400-square-foot warehouse, located at 28245 Kehrig Drive in New Baltimore, Michigan, presents a compelling investment opportunity. Built in 1987 and extensively renovated in 2021, this well-maintained facility boasts a desirable location with convenient access to I-94. The property sits on a 0.762-acre lot and features a two-story building with an impressive 18-foot clear ceiling height. The warehouse is zoned M-1, providing flexibility for various industrial uses. Internal features include 240-volt power, buss duct, and airlines throughout, ensuring efficient operations. The offices have been recently refurbished, offering a modern and functional workspace. The property's APN is 15-09-32-376-021, and the zip code is 48047. This turnkey industrial property is ready for immediate occupancy and represents a strong value proposition in the thriving Macomb County market. The asking price is $1,200,000. This is a rare opportunity to acquire a high-quality, well-located industrial asset in a desirable Michigan market.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1997
Total area
12,400 SF
Lot
0.76 ac (33,193 SF)
Zoning code
M1 LIG
APN
15-09-32-376-021
UPID
US43-0151687
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
$764k
Blend (final)
Blend
$930k
Owner & transaction history
Scurryfunge INC · 1 yrs held
Scurryfunge INC
since 2025
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
M1 LIG · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+56.7%
Commercial (general)
$1.3M
+31.1%
Office building
$1.2M
+20.9%
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 Chesterfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chesterfield 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
INDUSTRIAL (GENERAL)
$970,000
Current use
MEDICAL BUILDING
$1,525,000
Change: +57% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,275,000
Change: +31% · Conversion: Difficult
OFFICE BUILDING
$1,175,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: +10% · Conversion: Easy
WAREHOUSE, STORAGE
$835,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±10% · vs last sale $1.10M (Dec 26 2024)
Last sale anchor
$1.10M
Dec 26 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
$75 / 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
$11,277
Tax year 2022
Assessed value
$288,400
Assessed 2023
Previous assessed
$279,000
+3.4% YoY
Effective rate
3.91%
On assessed value
Total market value
$576,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Stories
1
Total area
12,400 SF
Lot
0.76 ac (33,193 SF)
Zoning code
M1 LIG
APN
15-09-32-376-021
UPID
US43-0151687
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LIG · Chesterfield, MI
Zoning M1 LIG · permitted uses
M1 LIG · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chesterfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$970,000
MEDICAL BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$835,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1997
Heating
FORCED AIR
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Scurryfunge INC
Entity
Mailing address
7491 ZOBL CT, IRA, MI 48023-2737
Ownership since
2025
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
May 1, 2025
—
Scurryfunge INC
—
Deed
related
$466,000 · Michigan Certified Development Corp
Mar 26, 2025
$1,100,000
Scurryfunge INC
28245 Kehrig Investments LLC
Warranty Deed
$565,000 · Bank Five Nine
May 21, 2012
$105,000
28245 Kehrig Investments LLC
Rad Investments LLC
Quit Claim Deed
related
$105,000 · Nichole Gilewski
Oct 26, 2006
—
Rad Investment LLC
Gilewski Meunier Investments LLC
Quit Claim Deed
related
—
Jan 17, 2003
$600,000
Gilewski-meunier Investments
Males Peter J Trust
Warranty Deed
related
—
Apr 29, 2002
—
Males,peter J Trust
Males,peter J & Deanna L
Quit Claim 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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