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Property profile & analytics
OFF-MARKET
Estimated value
$15,460,000
Assisted living facilities
29891 23rd Mile Rd, Chesterfield, MI 48047-1842
Individually Owned
3-yr Hold
Free & Clear
Property ID
US43-4188417
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2018
Total area
41,125 SF
Lot
3.55 ac (154,638 SF)
Zoning code
RM 3 MU
APN
15-09-16-300-024
UPID
US43-4188417
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
Current use
Occupant on record · Public records
-
The Bay At Chesterfield Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.46M
Owner & transaction history
Inspired Senior Living Of Chesterfi · 3 yrs held
Inspired Senior Living Of Chesterfi
since 2022
Last sale
$15.5M
6 recorded transactions
Zoning & alternative use
RM 3 MU · Chesterfield, 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 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
$15,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.46M
Range $13.91M – $17.01M · ±10% · vs last sale $15.46M (Aug 31 2022)
Last sale anchor
$15.46M
Aug 31 2022
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
$376 / 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
$122,107
Tax year 2022
Assessed value
$2,750,500
Assessed 2023
Previous assessed
$2,387,900
+15.2% YoY
Effective rate
4.44%
On assessed value
Total market value
$5,501,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2018
Heating
FORCED AIR
Stories
1
Total area
41,125 SF
Lot
3.55 ac (154,638 SF)
Zoning code
RM 3 MU
APN
15-09-16-300-024
UPID
US43-4188417
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RM 3 MU · Chesterfield, MI
Zoning RM 3 MU · permitted uses
RM 3 MU · 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.
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Stories
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
Inspired Senior Living Of Chesterfi
Individual
Free & Clear · 3 yrs held
Mailing address
7047 E GREENWAY PKWY STE #300, SCOTTSDALE, AZ 85254-8116
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2022
$15,457,500
Inspired Senior Living Of Chesterfi
Conscious Senior Living Properties
Deed
—
Dec 28, 2018
—
Conscious Senior Living Prop L
—
Grant Deed
related
$5,300,000 · Community Fin'l Cu
Dec 20, 2017
—
Conscious Senior Living Props
—
Grant Deed
related
$5,100,000 · Community Fin'l Cu
Sep 26, 2017
$445,775
Conscious Senior Living Props
George Lini Of Prop Rental LLC
Warranty Deed
—
Dec 22, 2010
—
George Lini Of Prop Rental LLC
George Lini INC
Quit Claim Deed
related
—
Jan 22, 2004
$400,000
George Lini INC
Terryn,clarence
Warranty Deed
—
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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