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Property profile & analytics
OFF-MARKET
Estimated value
$12,825,000
Outlet malls
50753 Waterside Dr Chesterfield, MI 48051-4008
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1189969
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2008
Total area
103,725 SF
Lot
12.79 ac (557,045 SF)
Zoning code
C2 SHO
APN
15-09-20-177-001
UPID
US43-1189969
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
-
Waterside Marketplace Shopping Center & Mall
-
JCPenney Department Store
-
JCPenney Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.83M
Blend (final)
Blend
$12.83M
Owner & transaction history
Cil Propco I LLC · 5 yrs held
Cil Propco I LLC
since 2021
5 recorded transactions
Zoning & alternative use
C2 SHO · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.83M
Range $11.54M – $14.11M · ±10%
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
$124 / 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
$123,850
Tax year 2022
Assessed value
$3,258,300
Assessed 2023
Previous assessed
$3,156,900
+3.2% YoY
Effective rate
3.80%
On assessed value
Total market value
$6,516,600
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2008
Heating
FORCED AIR
Stories
1
Total area
103,725 SF
Lot
12.79 ac (557,045 SF)
Zoning code
C2 SHO
APN
15-09-20-177-001
UPID
US43-1189969
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 SHO · Chesterfield, MIZoning C2 SHO · permitted uses
C2 SHO · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Heating
FORCED AIR
Stories
1
Lot
12.79 ac
Current owner
From public records · entity-resolved
Cil Propco I LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3 2ND ST STE #206, JERSEY CITY, NJ 07311-4056
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
—
Cil Propco I LLC
J C Penney Properties LLC
Deed
—
Aug 9, 2016
—
J C Penney Properties INC
—
Deed
related
$500,000,000 · Wilmington Trust NA Wilmington Trust NA
Sep 28, 2007
—
J C Penney Properties INC
Waterside Marketplace Parcel I
Warranty Deed
—
—
—
Jc Penney Properties INC
—
Deed Of Trust
related
—
—
—
J C Penney Properties INC
—
Loan Modification
related
$500,000,000 · Wilmington Trust NA Wilmington Trust NA
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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