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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Office buildings
51145 Nicolette Dr, Chesterfield, MI 48047-4585
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US43-1096373
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
4,765 SF
Lot
0.55 ac (24,002 SF)
Zoning code
O2 GEN
APN
15-09-15-400-044
UPID
US43-1096373
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
-
Attendant Care Companies Home Health Care Service
-
Ashley Hextall Physician Medical Clinic
-
Julianne Demorest Counselor
-
Tracy Frazier Counselor Psychologist
-
Megan Fordon Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$635k
Blend (final)
Blend
$635k
Owner & transaction history
P Semian Investments LLC · 11 yrs held
P Semian Investments LLC
since 2014
7 recorded transactions
Zoning & alternative use
O2 GEN · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+96.1%
Medical building
$585,000
+29.6%
Commercial (general)
$490,000
+8.4%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Current use
RETAIL STORES
$885,000
Change: +96% · Conversion: Moderate
MEDICAL BUILDING
$585,000
Change: +30% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$410,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$133 / 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
$17,321
Tax year 2022
Assessed value
$373,100
Assessed 2023
Previous assessed
$355,100
+5.1% YoY
Effective rate
4.64%
On assessed value
Total market value
$746,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
FORCED AIR
Stories
1
Total area
4,765 SF
Lot
0.55 ac (24,002 SF)
Zoning code
O2 GEN
APN
15-09-15-400-044
UPID
US43-1096373
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
O2 GEN · Chesterfield, MI
Zoning O2 GEN · permitted uses
O2 GEN · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$450,000
RETAIL STORES
Est. value
$885,000
MEDICAL BUILDING
Est. value
$585,000
COMMERCIAL (GENERAL)
Est. value
$490,000
AUTO REPAIR, GARAGE
Est. value
$410,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
FORCED AIR
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
P Semian Investments LLC
Entity
Mailing address
51145 NICOLETTE DR, CHESTERFIELD, MI 48047-4585
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2017
—
P Semian Investments LLC
—
Deed
related
$330,000 · The Huntington National Bank
Nov 3, 2014
—
P Semian Investments LLC
Henry Acquisitions INC
Deed
$228,720 · Firstmerit Bank NA
Jul 23, 2013
$234,000
Henry Acquisitions INC
Sheriff Of Macomb County
Trustees Deed
related
—
Feb 29, 2008
—
Ambassador Building Co
Fox Brothers
Quit Claim Deed
related
—
Feb 29, 2008
$250,000
Vitale Crosby & Associates PC
Ambassador Building Co
Warranty Deed
—
May 12, 2006
—
Ambassador Building Co
—
Trustees Deed
related
$395,000 · Warren Bank
Mar 23, 2006
$125,000
Ambassador Building Co
Fairchild Investment INC
Warranty Deed
—
Dec 8, 2004
—
Fairchild Investment INC
Terra Star INC
Quit Claim Deed
related
—
Jul 2, 2004
—
Jm Chesterfield LLC
Shaya,robert A
Quit Claim Deed
related
—
—
—
Vitale Crosby & Associates PC
—
Deed Of Trust
related
$41,400 · Ticor Title Insurance
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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