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    Property profile & analytics

    50400 Waterside Dr Chesterfield, MI 48051-4007

    • Outlet malls
    • 45,676 SF
    • 5.66 lot acres
    OFF-MARKET
    Value Estimation
    $3,330,000
    Last Sale
    Oct 15, 2024
    $3,354,120
    Location Intelligence
    Property ID
    US43-2165875
    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.

    Current Use by Public Records

    • Geek Squad / Data Recovery Service / Television Repair Service
    • Best Buy / Computer Store / Home Theater Store

    Property Details for 50400 Waterside Dr

    Year built
    2007
    Lot size
    5.66 lot acres
    Property size
    45,676 SF
    Zone code
    C2 SHO
    Property type
    Outlet malls
    APN
    15-09-20-177-107
    APU
    150920177107

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,260,000
      6.5%
      $3,115,000
      7%
      $3,115,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,105,000
      Geo Method
      $3,460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,290,000
      Retail
      $2,785,000
      Mixed-Use
      $3,150,000
      Hospitality
      $3,430,000
      Educational
      $2,985,000
      Residential Income
      $3,700,000
      Energy
      $3,035,000
      Income-Based Land
      $3,290,000
      Food Service
      $3,555,000

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8299
    Latitude
    42.6689
    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
    2023
    $123,913
    $0.00
    $0.00
    $2,482,000
    -
    $0.00
    $0.00
    $4,964,000

    Comparable in this City

    • Value Estimation by Request
      103,725 SF

      50753 Waterside Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 103,725 SF
      50753 Waterside Dr, Chesterfield, MI 48051-4008
      View Details
    • Value Estimation by Request
      5,250 SF

      49230 Gratiot Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 5,250 SF
      49230 Gratiot Ave, Chesterfield, MI 48051-2520
      View Details
    • Value Estimation
      $8,405,000
      50,789 SF

      50580 Waterside Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 50,789 SF
      50580 Waterside Dr, Chesterfield, MI 48051-4007
      View Details
    • Value Estimation by Request
      88,452 SF

      50500 Gratiot Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 88,452 SF
      50500 Gratiot Ave, Chesterfield, MI 48051-4400
      View Details
    • Value Estimation by Request
      204,318 SF

      27255 23rd Mile Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 204,318 SF
      27255 23rd Mile Rd, Chesterfield, MI 48051-2023
      View Details
    • Value Estimation by Request
      100,259 SF

      51400 Gratiot Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 100,259 SF
      51400 Gratiot Ave, Chesterfield, MI 48051-2007
      View Details

    Similar Nearby for Sale

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      Commercial land with high traffic and excellent visibility.
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      Over one acre lot available for building a dream home.
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      1.07 acre residential lot with utilities available.
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    Similar Nearby for Lease

    • $1,700 /Mo

      Retail/Medical/Office Space Available

      High-traffic location with retail, medical, and office potential.
      52370 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail spaces available, including an end-cap, ranging from 1,706-2,000 SF.
      52939-52951 Gratiot Ave, Chesterfield Township, MI 48051
      View Details
    • $12 SF/Yr
      155,958 SF

      Chesterfield Village Medical Office Space

      Michigan medical office space for lease.
      27895-27953 23 Mile Rd, New Baltimore, MI 48051
      View Details
    • $1,750 /Mo

      Retail Space in Oakwood Square

      Retail space with overhead door and large parking lot.
      46700 Gratiot Ave, New Baltimore, MI 48051
      View Details
    • $25 SF/Yr
      8,679 SF

      Chesterfield Retail Center Opportunity

      Prime Macomb County retail space available.
      51305-51313 Gratiot Ave, Chesterfield, MI 48051
      View Details
    • $15 SF/Yr
      17,196 SF

      Chesterfield Retail Center Opportunity

      High-visibility retail space available in Macomb County.
      46948 Gratiot Ave, Chesterfield, MI 48051
      View Details

    Property Visit Statistics

    • Visits by month
      35.4k
    • Visitors by month
      25.7k
    • Avg Time on site
      23 min
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    50400 Waterside Dr
    Chesterfield, MI 48051-4007
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    Realmo Value Estimation

    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.

    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.

    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
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