Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    49850 Leona Dr Chesterfield, MI 48051-2479
    Back to Search
    Property profile & analytics

    49850 Leona Dr, Chesterfield, MI 48051-2479

    View on Map
    • Flex space
    • 5,000 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Dec 29, 2021
    $325,000
    Property ID
    US43-1567258
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Flex space

    Property Details for 49850 Leona Dr

    Year built
    1972
    Construction
    CONCRETE BLOCKS
    Lot size
    0.46 lot acres
    Zone code
    M1 LIG
    Property type
    Flex space
    APN
    15-09-19-426-006
    APU
    150919426006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2021 — Dawn D West Mark S Lair Intrafamily Transfer · related —
    Dec 6, 2019 $325,000 Mark S Lair David Findling Grant Deed —
    May 15, 2018 $218,421 B Fox Real Estate LLC Jawad Group Investments LLC Warranty Deed $170k · Michael W & Kimberly K Hodes
    Dec 30, 2013 $216,000 Jawad Group Investments LLC Miller,ellsworth S IV Warranty Deed —
    Sep 4, 2009 — Ellsworth S Miller IV Miller,ellsworth S III Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8417
    Latitude
    42.6663
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,552
    $0.00
    $0.00
    $114,800
    -
    $0.00
    $0.00
    $229,600

    Comparable in this City

    • Value Estimation
      $7,425,000
      121,821 SF

      49505 Gratiot Ave

      LIGHT INDUSTRIAL
      49505 Gratiot Ave, Chesterfield, MI 48051-2525
      View Details
    • Value Estimation
      $2,750,000
      30,000 SF

      49201 Gratiot Ave

      LIGHT INDUSTRIAL
      49201 Gratiot Ave, Chesterfield, MI 48051-2521
      View Details
    • Value Estimation
      $20,665,000
      316,907 SF

      29700 Commerce Blvd

      LIGHT INDUSTRIAL
      29700 Commerce Blvd, Chesterfield, MI 48051-1244
      View Details
    • Value Estimation
      $4,685,000
      76,900 SF

      50550 Russell Schmidt Blvd

      LIGHT INDUSTRIAL
      50550 Russell Schmidt Blvd, Chesterfield, MI 48051-2451
      View Details
    • Value Estimation
      $1,015,000
      11,932 SF

      56308 Bay Dr

      LIGHT INDUSTRIAL
      56308 Bay Dr, Chesterfield, MI 48051-3738
      View Details
    • Value Estimation
      $1,715,000
      23,180 SF

      56617 Bay Dr

      LIGHT INDUSTRIAL
      56617 Bay Dr, Chesterfield, MI 48051-3746
      View Details

    Similar Nearby for Sale

    • $750,000
      5,785 SF

      Remodeled Office and Warehouse

      A remodeled office and heated warehouse offering dedicated office support and multiple overhead doors for light industrial use.
      55951 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $549,990
      9,005 SF

      Chesterfield Industrial Property - High Revenue

      Profitable Business, Established Location, Immediate Income
      52050 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • Contact for pricing
      52,500 SF

      Gratiot Avenue Warehouse For Sale

      Warehouse with frontage on Gratiot Ave, near I-94.
      52365 Gratiot Ave, Chesterfield Township, MI 48051
      View Details
    • $2,795,000

      Manufacturing Facility with Heavy Duty Storage

      Manufacturing facility with heavy-duty vinyl storage structure.
      Chesterfield Twp, New Baltimore, MI 48051
      View Details
    • Contact for pricing

      Manufacturing Buildings with Office Space

      Two manufacturing buildings with office space for sale.
      24 Mile And Gratiot, Chesterfield Township, MI 48051
      View Details
    • Contact for pricing

      Gratiot Avenue Redevelopment Opportunity

      Main road frontage with renovation and redevelopment potential.
      52365 Gratiot Ave, Chesterfield, MI 48051
      View Details

    Similar Nearby for Lease

    • $5,460 /Mo
      6,720 SF

      Flex Office and Warehouse Space

      Move-in-ready unit with office area, two overhead doors, and an exhaust fan for flexible operational needs.
      25215 Terra Industrial Dr, New Baltimore, MI 48051
      View Details
    • New
      $17 SF/Yr

      Multi-Tenant Industrial Flex Building

      New industrial flex building offering small-bay warehousing with optional office space for flexible tenant layouts.
      30801 Commerce Blvd, Chesterfield, MI 48051
      View Details
    • $5,999 /Mo

      Clear-Span Industrial Flex End Unit

      Move-in ready high bay warehouse with 22-foot clear height, drive-thru capability, and truck-friendly wraparound access.
      51915 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • New
      $5,999 /Mo
      7,700 SF

      Industrial Flex Warehouse with Drive-Thru

      Clear-span industrial space with drive-thru capability, 22-foot clear height, and truck-friendly wraparound access.
      51915 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • New
      Contact for pricing

      Light Industrial Flex Space

      3,000 sq ft light industrial space with reception, office, restroom, and an overhead door.
      46905 Gratiot Ave, New Baltimore, MI 48051
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    49850 Leona Dr
    Chesterfield, MI 48051-2479
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    49850 Leona Dr, Chesterfield, MI, 48051
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!