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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
30472 23rd Mile Rd, Chesterfield, MI 48047-1844
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1647650
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Total area
11,440 SF
Lot
1.87 ac (81,588 SF)
Zoning code
C1 LOC
APN
15-09-21-202-024
UPID
US43-1647650
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
-
Hetal P Patel Physician
-
Helios Psychiatry and Counseling - Chesterfield Physician
-
Dr. Jessica Pastva Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$860k
Owner & transaction history
Hp Plaza LLC · 4 yrs held
Hp Plaza LLC
since 2021
Last sale
$735,000
4 recorded transactions
Zoning & alternative use
C1 LOC · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+29.6%
Commercial (general)
$1.2M
+8.4%
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
$880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$700,000
6.5%
$645,000
7%
$600,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,085,000
Current use
MEDICAL BUILDING
$1,405,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,175,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$985,000
Change: -9% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$895,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $735k (Dec 9 2021)
Last sale anchor
$735k
Dec 9 2021
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
$19,671
Tax year 2022
Assessed value
$484,200
Assessed 2023
Previous assessed
$356,500
+35.8% YoY
Effective rate
4.06%
On assessed value
Total market value
$968,400
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
Year built
1977
Heating
FORCED AIR
Stories
1
Total area
11,440 SF
Lot
1.87 ac (81,588 SF)
Zoning code
C1 LOC
APN
15-09-21-202-024
UPID
US43-1647650
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C1 LOC · Chesterfield, MI
Zoning C1 LOC · permitted uses
C1 LOC · 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
OFFICE BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$985,000
INDUSTRIAL (GENERAL)
Est. value
$895,000
OFFICE BUILDING Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1977
Heating
FORCED AIR
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Hp Plaza LLC
Entity
Mailing address
508 JAMES CIR, ROYAL OAK, MI 48067-4540
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
$735,000
Hp Plaza LLC
Oakland Kruk Properties LLC
Warranty Deed
$1,090,000 · Jpmorgan Chase Bank NA
Sep 12, 2019
$525,000
Oakland Kruk Properties LLC
Kramer & Kramer Development LLC
Warranty Deed
$401,250 · Northstar Bank
Sep 12, 2019
$809,484
Kramer & Kramer Dev LLC
Michael,james A
Warranty Deed
—
Nov 30, 2007
$1,100,000
Kramer & Kramer Dev LLC
Michael,james A
Grant 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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