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    Little Lake Dr Ann Arbor, MI 48103
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    Little Lake Dr Ann Arbor, MI 48103

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    • Office properties & Spaces
    • 1.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 0 Little Lake Dr

    Lot size
    1.20 lot acres
    Property type
    Office properties & Spaces
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.8132
    Latitude
    42.282

    Comparable in this City

    • Value Estimation by Request
      20,158 SF

      416 Huron St

      Coworking space • 20,158 SF
      416 Huron St, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      11,810 SF

      4119 Jackson Rd

      Office Units • 11,810 SF
      4119 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      15.40 Acres

      and US-23 Nwq Of Michigan Ave

      Restaurants • 15.40 Acres
      and US-23 Nwq Of Michigan Ave, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      1.13 Acres

      6860 Jackson Rd

      Land • 1.13 Acres
      6860 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      16.53 Acres

      Staebler Rd

      Land • 16.53 Acres
      0 Staebler Rd, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request

      3027 Miller Rd

      Coworking space
      3027 Miller Rd, Ann Arbor, MI 48103
      View Details

    Similar Nearby for Sale

    • $325,000

      Land For Sale

      Land available on Newport Road, Ann Arbor.
      2374 Newport Rd, Ann Arbor, MI 48103
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    • Contact for pricing

      Development Opportunity Land For Sale

      Land available for development.
      4600 Jackson Rd, Ann Arbor, MI 48103
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    • Contact for pricing

      Land For Sale Ann Arbor

      Land available for purchase in Ann Arbor, Michigan.
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      264 Acres Land For Sale

      264 acres of land available in Ann Arbor.
      2575 S Zeeb Rd, Ann Arbor, MI 48103
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space Available for Lease

      Industrial space available for lease, totaling 23,533 square feet.
      7232 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing

      Ann Arbor Warehouse/Flex Space

      Flexible warehouse/flex space with office area in Ann Arbor.
      78 Jackson Plz, Ann Arbor, MI 48103
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      Ann Arbor Office Building Rental

      West-side Ann Arbor office building with private entrance and parking.
      955 W Eisenhower Cir, Ann Arbor, MI 48103
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      Ann Arbor Office/Medical Condo

      Well-maintained office/medical condo unit in prime Ann Arbor location.
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    • Contact for pricing
      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
      View Details
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    Little Lake Dr
    Ann Arbor, MI 48103
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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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