Property profile

48135 Gratiot Ave Chesterfield, MI 48051

OFF-MARKET
Auto shops
Property ID
US43-0754943
8,400 SF 3.06 ac lot Built 1975
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1975
Construction CONCRETE BLOCKS
Total area 8,400 SF
Lot 3.06 ac (133,381 SF)
Zoning code M2 GEN
APN 15-09-30-176-008
UPID US43-0754943

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
  • General Contractor Renovation Specialist
  • General Contractor

Location

48135 Gratiot Ave Chesterfield, MI 48051-2604
Chesterfield metro Census 221100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$977k
Blend (final) Blend
$220k

Owner & transaction history

since 2013
3 recorded transactions
2013
$266,258
2012
$207,837
1969
Price N/A

Zoning & alternative use

M2 GEN · Chesterfield, MI
Top alternative use upside
Retail stores $1.6M +116.2%
Restaurant $1.2M +64.8%
Medical building $1.0M +42.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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