Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Flex space
56305 Precision Dr Chesterfield, MI 48051-3736
Entity Owned
Free & Clear
Property ID
US43-1458455
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2000
Total area
4,800 SF
Lot
0.84 ac (36,721 SF)
Zoning code
M1 LIG
APN
15-09-04-101-005
UPID
US43-1458455
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
-
Joyology of Chesterfield (Bike/Boat/Book/etc) Store
-
Impastato Racing Engines Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$400k
Comparable Approach
Comparable
$445k
Blend (final)
Blend
$510k
Owner & transaction history
56305 Precision Drive Holdings LLC
56305 Precision Drive Holdings LLC
since 2025
Last sale
$625,000
5 recorded transactions
Zoning & alternative use
M1 LIG · Chesterfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$590,000
+66.2%
Commercial (general)
$495,000
+39.1%
Office building
$455,000
+28.3%
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
$535,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$430,000
6.5%
$400,000
7%
$370,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$355,000
Current use
MEDICAL BUILDING
$590,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$415,000
Change: +16% · Conversion: Easy
WAREHOUSE, STORAGE
$325,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $625k (Oct 6 2022)
Last sale anchor
$625k
Oct 6 2022
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
$106 / 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
$6,669
Tax year 2022
Assessed value
$178,300
Assessed 2023
Previous assessed
$178,300
+0.0% YoY
Effective rate
3.74%
On assessed value
Total market value
$356,600
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2000
Heating
FORCED AIR
Stories
1
Total area
4,800 SF
Lot
0.84 ac (36,721 SF)
Zoning code
M1 LIG
APN
15-09-04-101-005
UPID
US43-1458455
Jurisdiction
MACOMB
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
M1 LIG · Chesterfield, MIZoning M1 LIG · permitted uses
M1 LIG · Chesterfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$355,000
MEDICAL BUILDING
Est. value
$590,000
COMMERCIAL (GENERAL)
Est. value
$495,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$415,000
WAREHOUSE, STORAGE
Est. value
$325,000
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2000
Heating
FORCED AIR
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
56305 Precision Drive Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
70202 ELDRED RD, BRUCE TWP, MI 48065-4227
Ownership since
2025
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
Nov 5, 2025
$865,000
56305 Precision Drive Holdings LLC
Precision Dr 56305 LLC
Warranty Deed
—
Oct 6, 2022
$625,000
Khaled Abdul Nour
V & L Properties LLC
Warranty Deed
—
Mar 15, 2022
—
Precision Dr 56305 LLC
Khaled Abdul Nour
Quit Claim Deed
related
—
Feb 11, 2022
—
Khaled Abdul Nour
V & L Properties LLC
Land Contract
—
Aug 27, 2004
—
V & L Properties LLC
Impastato,vincent J & Laura J
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 56305 Precision Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
