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    52365 Gratiot Ave Chesterfield, MI 48051-2021
    Property profile & analytics

    52365 Gratiot Ave Chesterfield, MI 48051-2021

    View on Map
    • Warehouses
    • 57,417 SF
    • 7.96 lot acres
    Off-Market
    Property ID
    US43-0113373
    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
    $1,810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fairlane Tool Co Inc / Industrial Manufacturer
    • Machinery Plaza / Industrial Manufacturer

    Property Details for 52365 Gratiot Ave

    Year built
    1960
    Lot size
    7.96 lot acres
    Property size
    57,417 SF
    Zone code
    M2 GEN
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    15-09-17-201-009
    APU
    150917201009

    Description

    This exceptional 52,500-square-foot warehouse, situated on a substantial 7.96-acre lot in New Baltimore, Michigan, presents a compelling investment opportunity. The property boasts a prime location with main road frontage on Gratiot Avenue, offering convenient access to the I-94 Expressway, ensuring seamless transportation and logistics. The warehouse features impressive 14' to 20' clear ceiling heights, providing ample vertical space for various industrial uses. Functionality is maximized with four truckwells and three 12x14' grade-level doors, facilitating efficient loading and unloading. The building also includes 2,000 to 5,500 square feet of office space, catering to administrative needs. Zoned M-2 for heavy industrial use, this property offers extensive parking and is ideal for businesses requiring significant space and convenient access to major transportation routes. The property is available for sale, with lease options ranging from 13,000 to 52,500 square feet at a rate of $4.00 to $4.50 per square foot, NNN. The property's APN is 009-017-201-009-00-00, and its address is 52365 Gratiot Avenue, New Baltimore, MI 48051. Contact for sale pricing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,812,000
      Market price range: $1.25M - $7.21M
      AI Estimate
      $1,812,000
      Market price range: $1.25M - $7.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chesterfield
    County
    Macomb
    State
    Michigan
    Longitude
    -82.8268
    Latitude
    42.6851
    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
    $22,335
    $0.00
    $0.00
    $691,500
    -
    $0.00
    $0.00
    $1,383,000

    Comparable in this City

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    • Value Estimation
      $1,210,000
      23,550 SF

      25542 21st Mile Rd

      MINI-WAREHOUSE, STORAGE • 23,550 SF
      25542 21st Mile Rd, Chesterfield, MI 48051-2703
      View Details
    • Value Estimation by Request
      864 SF

      47555 Gratiot Ave

      MINI-WAREHOUSE, STORAGE • 864 SF
      47555 Gratiot Ave, Chesterfield, MI 48051-2717
      View Details
    • Value Estimation
      $505,000
      4,032 SF

      52011 Gratiot Ave

      MINI-WAREHOUSE, STORAGE • 4,032 SF
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      View Details
    • Value Estimation
      $2,180,000
      33,692 SF

      51955 Gratiot Ave

      MINI-WAREHOUSE, STORAGE • 33,692 SF
      51955 Gratiot Ave, Chesterfield, MI 48051-2018
      View Details
    • Value Estimation
      $2,115,000
      19,816 SF

      54525 Gratiot Ave

      MINI-WAREHOUSE, STORAGE • 19,816 SF
      54525 Gratiot Ave, Chesterfield, MI 48051-1725
      View Details

    Similar Nearby for Sale

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      Remodeled Office/Warehouse on Gratiot Corridor

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      Gratiot Avenue Redevelopment Opportunity

      Main road frontage with renovation and redevelopment potential.
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      52,500 SF

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      Warehouse with frontage on Gratiot Ave, near I-94.
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      Chesterfield Industrial Property - High Revenue

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      Manufacturing Buildings with Office Space

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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building Under Development

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      Heavy Manufacturing Facility For Rent

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      Gratiot Avenue Industrial Space Available

      Industrial property with main road frontage and redevelopment potential.
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      21,280 SF

      Industrial Facility Near I-94

      Versatile industrial facility suitable for distribution and manufacturing.
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    Chesterfield, MI 48051-2021
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    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
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