Entity Owned 
For Sale
1 / 56
$2,300,000
45225 Marketplace Blvd, Chesterfield, MI 48051
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Property summary
AI-generated overview
The property consists of a single building with approximately 7,317 rentable square feet situated on an estimated 2.45-acre parcel of land. It is configured for restaurant and bar use, having historically operated as a Morning Belle & Blue Porch Bar & Grill. The building has been placed under a long-term Triple Net (NNN) lease structure (details of rent and escalation schedules are not retained here).
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2005
Total area
7,317 SF
Lot
2.45 ac (106,722 SF)
Zoning code
C4 MULT
APN
15-09-31-351-024
UPID
US43-1622859
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$490k
Owner & transaction history
since 2022
4 recorded transactions
Zoning & alternative use
C4 MULT · Chesterfield, MI
Top alternative use upside
Retail stores
$1.4M
+31.2%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$490k
Value range
$441k – $539k
±10% around blend
Estimated value / SF
$67 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$441k
blend $490k
$539k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
7,317 SF
Lot area
2.45 ac
Year built
2005
Stories
1
APN
15-09-31-351-024
Zoning
C4 MULT
Assessed value
$784,600
Annual tax
$32,778
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$32,778
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.48M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.3 mi away · 5,218 SF
18.0 mi away · 9,117 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$490k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 103 sales
$142
-53%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $67/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+31%
vs current-use indication
Restaurant · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.17%
Selected cap rate for this turn key restaurants
Derived from the Chesterfield market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.17%
9.0%
NOI (est.)
$96k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.30M
Move the market yield to see immediate price impact.
Value / SF
$314
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.67%4.17%4.67%
$86k
$2.35M
$2.07M
$1.85M
$96k
$2.61M
$2.30M
$2.05M
$105k
$2.87M
$2.53M
$2.26M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$555k
9.2 mi · Sep 2025 · $99/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,778
Tax year 2022
Assessed value
$784,600
Assessed 2023
Previous assessed
$732,400
+7.1% YoY
Effective rate
4.18%
On assessed value
Total market value
$1,569,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2005
Heating
FORCED AIR
Stories
1
Total area
7,317 SF
Lot
2.45 ac (106,722 SF)
Zoning code
C4 MULT
APN
15-09-31-351-024
UPID
US43-1622859
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C4 MULT · Chesterfield, MIZoning C4 MULT · permitted uses
C4 MULT · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
1
Lot
2.45 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C4 MULT
Jurisdiction
Chesterfield, MI
Recorded code
C4 MULT
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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