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Property profile & analytics
OFF-MARKET
Estimated value
$1,970,000
Assisted living facilities
47640 Gratiot Ave, Chesterfield, MI 48051-2718
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1064947
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1990
Total area
19,281 SF
Lot
2.55 ac (111,252 SF)
Zoning code
RM3 MU
APN
15-09-30-326-014
UPID
US43-1064947
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
-
Sandalwood Village Assisted Living 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
$1.97M
Owner & transaction history
Rsr Serenity Re LLC · 4 yrs held
Rsr Serenity Re LLC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
RM3 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
$2,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,735,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$2,370,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,980,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,830,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,660,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,425,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.17M · ±10% · vs last sale $1.97M (Jul 20 2021)
Last sale anchor
$1.97M
Jul 20 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
$102 / 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
$60,494
Tax year 2022
Assessed value
$1,239,200
Assessed 2023
Previous assessed
$1,167,500
+6.1% YoY
Effective rate
4.88%
On assessed value
Total market value
$2,478,400
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
19,281 SF
Lot
2.55 ac (111,252 SF)
Zoning code
RM3 MU
APN
15-09-30-326-014
UPID
US43-1064947
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
RM3 MU · Chesterfield, MI
Zoning RM3 MU · permitted uses
RM3 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1990
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
2.55 ac
Current owner
From public records · entity-resolved
Rsr Serenity Re LLC
Entity
Mailing address
25591 ABBEY DR, NOVI, MI 48374-2371
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2021
—
Rsr Serenity LLC
—
Deed
related
$602,000 · Ecouomic Development Foundation-certifi
Jul 20, 2021
$1,970,000
Rsr Serenity Re LLC
Dsl Real Estate Group 10 LLC
Warranty Deed
$985,000 · Team One Cu
May 17, 2019
—
Dsl Real Estate Group 10 LLC
—
Deed
related
$1,270,203 · Lau David Trust (rt)
Apr 6, 2015
$355,000
Dsl Real Estate Group 10 LLC
St Pierre Cecil D & Lisa J
Warranty Deed
—
Apr 2, 2015
—
Cecil D JR|ghanam April St. Pierre
Erie Canal LLC
Quit Claim Deed
related
—
—
—
Dsl Real Estate Group 10 LLC
—
Deed Of Trust
related
$1,270,203 · Lau David Trust (rt)
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.
Try Rey
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