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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Commercial land
34875 23rd Mile Rd Chesterfield, MI 48047-3647
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1451704
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1972
Construction
STEEL FRAME
Total area
13,120 SF
Lot
1.51 ac (65,819 SF)
Zoning code
C3 GEN
APN
15-09-14-400-046
UPID
US43-1451704
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
-
Evergreen Exteriors Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$729k
Blend (final)
Blend
$730k
Owner & transaction history
Vdg Parkview LLC · 1 yrs held
Vdg Parkview LLC
since 2024
7 recorded transactions
Zoning & alternative use
C3 GEN · 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
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
AUTO REPAIR, GARAGE
$1,130,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$730k
Range $657k – $803k · ±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
$56 / 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
$5,952
Tax year 2023
Assessed value
$109,700
Assessed 2024
Previous assessed
$109,700
+0.0% YoY
Effective rate
5.43%
On assessed value
Total market value
$219,400
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1972
Construction
STEEL FRAME
Heating
PACKAGE
Stories
1
Total area
13,120 SF
Lot
1.51 ac (65,819 SF)
Zoning code
C3 GEN
APN
15-09-14-400-046
UPID
US43-1451704
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C3 GEN · Chesterfield, MI
Zoning C3 GEN · permitted uses
C3 GEN · 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
AUTO REPAIR, GARAGE
Est. value
$1.1M
AUTO REPAIR, GARAGE
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
1972
Construction
STEEL FRAME
Heating
PACKAGE
Stories
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Vdg Parkview LLC
Entity
Free & Clear · 1 yrs held
Mailing address
950 S OLD WOODWARD AVE E STE #220, BIRMINGHAM, MI 48009-6719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2026
—
Vdg Parkview LLC
—
Deed
related
$1,700,000 · Fifth Third Bank
Sep 9, 2024
—
Vdg Parkview LLC
Urgent Care Mso LLC
Deed
—
Mar 12, 2018
—
Urgent Care Mso LLC
National Retail Properties LP
Grant Deed
—
Nov 1, 2016
—
National Retail Properties LP
Mecu New Baltimore LLC
Grant Deed
related
—
Aug 26, 2016
$520,000
Mecu New Baltimore LLC
Ives,keith & Dana L
Warranty Deed
—
Aug 26, 2016
$420,000
Keith Ives
Roulo,phyllis T
Warranty Deed
—
Apr 29, 2011
—
Keith Ives
Roulo,phyllis T
Grant Deed
related
—
Aug 7, 2006
—
Lawrence F Roulo
Roulo,lawrence F & Phyllis T
Quit Claim Deed
related
—
Jul 27, 2006
—
Roulo Lawrence F Trust
Roulo,lawrence W
Quit Claim 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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