Property profile

51 Chilson Rd Howell, MI 48843

FOR SALE
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Property ID
US43-0071811
3,744 SF 0.63 ac Built 1940
Last sale Mar 2025·$785,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

The property is a flex warehouse facility within a log-style building containing two distinct business spaces: a front tenant space and a rear warehouse area. The unoccupied rear warehouse area is approximately 1,800 square feet and includes a full private basement. The front unit contains a bright reception area, office space, and a bathroom and has been operated as a separate business space. The exterior is described as maintenance-free, and the building includes updated mechanical systems…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$9k
Tax billed · 2019
Assessed value · 2023$301k
Effective rate2.91%

Value estimate

· Nov 2026
$555k
$500k – $611k
Submarket $/SF estimate$555k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$6k
Operating expenses−$8k
NOI · 2.86% cap applied$19k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$131/SF
ZIP average, outlier-cleaned · 114 recorded sales of this use type
Observed band · Q1–Q3$70 – $209
Qualifying comparables11

Cap rate analysis

How does the asset earn?
2.86%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GCD
JurisdictionLIVINGSTON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.2
Realty agency10.6
Wholesale Shop10.0

Location

51 Chilson Rd Howell, MI 48843
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
202 Michigan, Howell, MI 48843-3223 $635,000 Feb 2026 4,858 SF
117 Grand Riv, Howell, MI 48843-2236 $489,850 Jun 2025 3,239 SF
117 Michigan, Howell, MI 48843-2201 $213,000 May 2025 3,520 SF
112 Grand Riv, Howell, MI 48843-2268 $492,500 May 2025 4,048 SF
5630 Highland, Howell, MI 48843-9735 $800,000 Jan 2025 3,200 SF
3220 Grand Riv, Howell, MI 48843-8563 $385,000 Jan 2025 2,828 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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