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Property profile & analytics
OFF-MARKET
Warehouses
610 Industrial Dr, Chelsea, MI 48118-1285
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0033087
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1985
Total area
15,097 SF
Lot
1.36 ac (59,024 SF)
Zoning code
I-2 LIG
APN
06-06-12-249-002
UPID
US43-0033087
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Livengood Properties LLC · 4 yrs held
Livengood Properties LLC
since 2022
Last sale
$125,000
4 recorded transactions
Zoning & alternative use
I-2 LIG · Chelsea, 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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,466
Tax year 2023
Assessed value
$291,600
Assessed 2024
Previous assessed
$247,800
+17.7% YoY
Effective rate
5.30%
On assessed value
Total market value
$583,200
Applied tax rate
6.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Total area
15,097 SF
Lot
1.36 ac (59,024 SF)
Zoning code
I-2 LIG
APN
06-06-12-249-002
UPID
US43-0033087
Jurisdiction
WASHTENAW
Zoning & alternative use
I-2 LIG · Chelsea, MI
Zoning I-2 LIG · permitted uses
I-2 LIG · Chelsea, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Lot
1.36 ac
Current owner
From public records · entity-resolved
Livengood Properties LLC
Entity
Mailing address
610 E INDUSTRIAL DR, CHELSEA, MI 48118-1285
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2022
$125,000
Livengood Properties LLC
Mattam Properties LLC
Warranty Deed
$84,800 · Chelsea State Bank
Feb 28, 2014
—
Mattam Properties LLC
J & J Realty Co
Correction Deed
related
$651,236 · Chelsea State Bank
Oct 2, 2007
$705,000
Mattam Properties LLC
J & J Realty Co LLC
Warranty Deed
$750,000 · Chelsea State Bank
Jun 28, 2001
—
J & J Realty Co LLC
Roberts,gerald
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.
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