Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4695 Washtenaw Ave Ann Arbor, MI 48108

    • Commercial real estate
    • 4,554 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hair Salon in Ann Arbor / Hairdresser / Hair Salon
    • LavishRe Beauty Body Waxing / Spa / Waxing Hair Removal Service
    • Magik Braids LLC / Hair Salon
    • The Traveling Waxer / Waxing Hair Removal Service / Electrolysis Hair Removal Service
    • LAVISH28 Beauty & Braids / Hair Salon

    Property Details for 4695 Washtenaw Ave

    Property size
    4,554 SF
    Property type
    Commercial real estate

    Description

    This exceptional opportunity presents a fully operational, 4,554 square foot salon studio business for sale in Ann Arbor, Michigan. Located at 4695 Washtenaw Avenue, this prime retail space boasts 24 individually leased suites, each currently occupied by established stylists, ensuring consistent revenue and minimal vacancy. The property benefits from a high-traffic location within a bustling plaza offering ample parking for clients, enhancing convenience and accessibility. The salon's strong financial performance is evidenced by a substantial six-figure Net Operating Income (NOI), demonstrating its profitability and potential for future growth. The existing tenant mix fosters a collaborative and energetic atmosphere. This turnkey operation requires minimal upkeep, allowing the owner to focus on strategic growth initiatives, such as expanding services, enhancing marketing, and leveraging social media. The property's location on Washtenaw Avenue provides excellent visibility and accessibility, with proximity to major highways. The ample parking and attractive curb appeal further enhance its desirability. This presents a compelling investment opportunity for an entrepreneur seeking a profitable, established business or an existing salon owner looking to expand their portfolio. The property is situated in Washtenaw County, Michigan, with a 48108 zip code.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6678
    Latitude
    42.2531

    Comparable in this City

    • Value Estimation by Request
      11,541 SF

      2860-2864 Carpenter Rd

      Office Properties & Spaces • 11,541 SF
      2860-2864 Carpenter Rd, Ann Arbor, MI 48108
      View Details
    • Value Estimation by Request
      4.25 Acres

      3005 Boardwalk St

      COMMERCIAL (GENERAL) • 4.25 Acres
      3005 Boardwalk St, Ann Arbor, MI 48108-5218
      View Details
    • Value Estimation by Request
      5.67 Acres

      2514 Braeburn Cir

      COMMERCIAL (GENERAL) • 5.67 Acres
      2514 Braeburn Cir, Ann Arbor, MI 48108-2602
      View Details
    • Value Estimation by Request
      5.26 Acres

      3008 Braeburn Cir

      COMMERCIAL (GENERAL) • 5.26 Acres
      3008 Braeburn Cir, Ann Arbor, MI 48108-2612
      View Details
    • Value Estimation by Request
      4.29 Acres

      3308 Braeburn Cir

      COMMERCIAL (GENERAL) • 4.29 Acres
      3308 Braeburn Cir, Ann Arbor, MI 48108-2618
      View Details
    • Value Estimation by Request
      3.70 Acres

      1401 Briarwood Cir

      COMMERCIAL (GENERAL) • 3.70 Acres
      1401 Briarwood Cir, Ann Arbor, MI 48108-1893
      View Details

    Similar Nearby for Sale

    • $690,000
      3,348 SF

      Ann Arbor Retail Investment Opportunity

      High-visibility retail property with national tenant in Ann Arbor.
      3000 Packard St, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      5.60 Acres

      Ann Arbor Multiplex Outparcels

      Prime Commercial Land, 5.6 Acres Total
      4 Cor Of Ellsworth & Carpenter Rd, Ann Arbor, MI 48108
      View Details
    • $875,000
      2.26 Acres

      Ann Arbor Commercial Land - 2.26 Acres

      High-traffic location, Business Development zoning.
      0 State St, Ann Arbor, MI 48108
      View Details
    • $495,000
      6.16 Acres

      Ann Arbor Commercial Land - $495K

      6.16 Acres, Prime Development Site
      0 State St, Ann Arbor, MI 48108
      View Details
    • $850,000
      2.80 Acres

      Ann Arbor Commercial Land Parcels

      Prime Ann Arbor land, ready to build.
      4343 Concourse Dr, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      2.39 Acres

      Avis Farms South: Build-to-Suit Land

      Prime Ann Arbor industrial/commercial land
      0 State St, Ann Arbor, MI 48108
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,520 SF

      Avis Farm Office Suite - Ann Arbor

      1,520 SF Office, Ample Parking, Immediate Availability
      540 Avis Dr, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      28,776 SF

      Ann Arbor Flex Space For Lease

      Modern Flex Space, Ann Arbor, MI
      1143 Highland Dr, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      2,370 SF

      Retail/Medical Space Available For Rent

      Former Urgent Care and Groomer spaces available for rent.
      4003 Carpenter Rd, Pittsfield Township, MI 48108
      View Details
    • Contact for pricing
      100,477 SF

      Ann Arbor Office Space

      Office building with 100,477 square feet available for rent.
      100 Phoenix Dr, Ann Arbor, MI 48108
      View Details
    • $1,900 /Mo
      1,101 SF

      First Floor Condo with Garage

      Two-bedroom condo with in-unit laundry, garage, and community pool.
      1324 Heatherwood Ln, Ann Arbor, MI 48108
      View Details
    • $26 SF/Yr
      5,260 SF

      Ann Arbor Office Space Available

      Prime Ann Arbor Office Suites, Multiple Sizes
      825 Victors Way, Ann Arbor, MI 48108
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4695 Washtenaw Ave
    Ann Arbor, MI 48108
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.