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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Flex space
48700 Structural Dr Chesterfield, MI 48051-2663
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-1322622
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1993
Total area
32,080 SF
Lot
3.44 ac (150,021 SF)
Zoning code
M2 GEN
APN
15-09-30-151-026
UPID
US43-1322622
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
-
Riverside Mfg., LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.45M
Blend (final)
Blend
$2.46M
Owner & transaction history
Rmi Properties LLC · 4 yrs held
Rmi Properties LLC
since 2021
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
M2 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.9M
+66.2%
Commercial (general)
$3.3M
+39.1%
Office building
$3.0M
+28.3%
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
$2,285,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,370,000
Current use
MEDICAL BUILDING
$3,940,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,300,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$3,040,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,760,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$2,165,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $1.90M (Dec 15 2021)
Last sale anchor
$1.90M
Dec 15 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
$77 / 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
$48,748
Tax year 2022
Assessed value
$980,200
Assessed 2023
Previous assessed
$938,900
+4.4% YoY
Effective rate
4.97%
On assessed value
Total market value
$1,960,400
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Stories
2
Total area
32,080 SF
Lot
3.44 ac (150,021 SF)
Zoning code
M2 GEN
APN
15-09-30-151-026
UPID
US43-1322622
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M2 GEN · Chesterfield, MIZoning M2 GEN · permitted uses
M2 GEN · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
MEDICAL BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.3M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1993
Heating
FORCED AIR
Stories
2
Lot
3.44 ac
Current owner
From public records · entity-resolved
Rmi Properties LLC
Entity
Mailing address
1650 W 106TH ST, CARMEL, IN 46032-9604
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$1,900,000
Rmi Properties LLC
Rosaria Palazzolo
Limited Warranty Deed
$3,120,000 · The National Bank Of Indianapolis
Feb 6, 2012
—
Palazzolo Vincent Living Trust
Palazzolo,vincent & Sara
Quit Claim Deed
related
—
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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