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    0000 Ann Arbor, MI 48103

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 0 0000

    Property type
    Commercial real estate

    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
    -83.8261
    Latitude
    42.2476

    Comparable in this City

    • Value Estimation by Request

      0001

      Investment properties
      0 0001, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      15,000 SF

      4325 Jackson Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 15,000 SF
      4325 Jackson Rd, Ann Arbor, MI 48103-1831
      View Details
    • Value Estimation
      $855,000
      3,489 SF

      402 Liberty St

      BOARDING/ROOMING HOUSE • 3,489 SF
      402 Liberty St, Ann Arbor, MI 48103-4388
      View Details
    • Value Estimation by Request
      1,355 SF

      502 Miller Ave

      Multifamily properties • 1,355 SF
      502 Miller Ave, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      0.26 Acres

      301 Washington St

      COMMERCIAL (GENERAL) • 0.26 Acres
      301 Washington St, Ann Arbor, MI 48103-4227
      View Details
    • Value Estimation by Request

      3433 Waters Rd

      COMMERCIAL (GENERAL)
      3433 Waters Rd, Ann Arbor, MI 48103-9649
      View Details

    Similar Nearby for Sale

    • $750,000
      2,700 SF

      Dimo's Deli & Donuts: Ann Arbor

      Profitable Deli & Donuts Business, Ann Arbor
      2030 Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • $2,200,000

      Ann Arbor 8.8-Acre Development Site

      Prime Ann Arbor land, multi-family approved.
      0 Parkland Plz, Ann Arbor, MI 48103
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    • $11,000,000
      21.67 Acres

      Ann Arbor Redevelopment Opportunity

      21.67 Acres, Prime Location, High Potential
      5411 Jackson Rd, Ann Arbor, MI 48103
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    • Contact for pricing
      1.10 Acres

      1251 Main St

      Distribution properties • 4,000 SF
      1251 Main St, Ann Arbor, MI 48103
      View Details
    • $1,100,000
      4.06 Acres

      Prime Ann Arbor Commercial Land

      4.06 Acres, High Traffic, C-2 Zoning
      6420 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • $499,000
      1.13 Acres

      Jackson Road Commercial Land

      1.13 Acres, High-Traffic Location
      6860 Jackson Rd, Ann Arbor, MI 48103
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      13,167 SF

      Ann Arbor Office Space Available

      Prime West-Side Ann Arbor Office
      955 Eisenhower Cir, Ann Arbor, MI 48103
      View Details
    • $23 SF/Yr
      18,224 SF

      Ann Arbor Office Space for Lease

      Prime Ann Arbor location, 4,258 sq ft
      510 Maple Rd, Ann Arbor, MI 48103
      View Details
    • $26 SF/Yr
      3,245 SF

      Prime Ann Arbor Office Space

      Premium office space in Ann Arbor, convenient location, modern security.
      2100 S Main St, Ann Arbor, MI 48103
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    • $2,500 /Mo
      1,173 SF

      Modern Condo with High-End Finishes

      Renovated 2 bed, 2 bath condo with modern amenities.
      2124 Pauline Blvd, Ann Arbor, MI 48103
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    • Contact for pricing
      952 SF

      Retail Space Near High-End Grocer

      Redeveloped retail space anchored by Plum Market and national retailers.
      241-255 North Maple Rd, Ann Arbor, MI 48103
      View Details
    • $650,000
      950 SF

      Move-in Ready Dental Office Space

      Dental office space with waiting room, exam rooms, and storage.
      1901 Pauline Blvd, Ann Arbor, MI 48103
      View Details
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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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