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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
49031 Gratiot Ave, Chesterfield, MI 48051-2518
Entity Owned
Free & Clear
Property ID
US43-4747785
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1954
Total area
1,344 SF
Lot
0.43 ac (18,731 SF)
Zoning code
M1 LIG
APN
15-09-19-451-014
UPID
US43-4747785
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
-
Gulf Gas Station
-
VALERO Gas Station
-
Sunoco Gas Station
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pelican One LLC
Pelican One LLC
since 2025
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
M1 LIG · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$11,099
Tax year 2022
Assessed value
$236,600
Assessed 2023
Previous assessed
$214,200
+10.5% YoY
Effective rate
4.69%
On assessed value
Total market value
$473,200
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1954
Heating
FORCED AIR
Stories
1
Total area
1,344 SF
Lot
0.43 ac (18,731 SF)
Zoning code
M1 LIG
APN
15-09-19-451-014
UPID
US43-4747785
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LIG · Chesterfield, MI
Zoning M1 LIG · permitted uses
M1 LIG · 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.
Building & site characteristics
From public records
Year built
1954
Heating
FORCED AIR
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Pelican One LLC
Entity
Free & Clear · 0 yrs held
Mailing address
49031 GRATIOT AVE, CHESTERFIELD, MI 48051-2518
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
$935,000
Pelican One LLC
Yatooma Property 5 LLC
Warranty Deed
—
Oct 18, 2021
—
Pelican One LLC
Yatooma Property 5 LLC
Land Contract
—
Oct 8, 2021
$950,000
Yatooma Property 5 LLC
Chesterfield Group Investments LLC
Warranty Deed
$690,000 · Northstar Bank
Oct 8, 2021
$300,000
Lsn Properties LLC
Barrick Properties 40 LLC
Warranty Deed
—
Dec 3, 2020
$50,000
Chesterfield Grp Invs LLC
Joseph Anson
Warranty Deed
—
Feb 24, 2017
—
Chesterfield Group Invs LLC
Lsn Properties LLC
Quit Claim Deed
related
—
Nov 22, 2014
—
Lsn Properties LLC|barrick Properties 40 LLC
Barrick Properties 40 LLC
Quit Claim Deed
related
—
Nov 7, 2014
$300,000
Barrick Properties 40 LLC
Layal Properties LLC
Grant Deed
—
Nov 24, 2008
$820,598
Layal Properties LLC
Sheriff Of Macomb County
Trustees Deed
related
—
—
—
Gas
—
Deed Of Trust
related
$50,000 · Van Buren Oil
—
—
Layal Properties LLC
—
Deed Of Trust
related
$590,000 · Peoples State Bank
—
—
M & M Gas & Grocery INC
—
Deed Of Trust
related
$150,000 · Pantall-gallup LLC
—
—
Mahmoud Alawieh
—
Deed Of Trust
related
$100,000 · Peoples State Bank
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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