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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Manufacturing properties
1174 Oak Vly Dr, Ann Arbor, MI 48108-8947
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US43-1663899
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
16,081 SF
Lot
2.18 ac (94,961 SF)
APN
L -12-08-305-007
UPID
US43-1663899
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
-
Engineering Systems, Inc. (ESi) Engineering Consultant Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.18M
Blend (final)
Blend
$2.18M
Owner & transaction history
Oak Valley 1174 LLC · 15 yrs held
Oak Valley 1174 LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+135.8%
Office building
$2.4M
+79.3%
Retail stores
$1.9M
+37.0%
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 Ann Arbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ann Arbor 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,350,000
Current use
COMMERCIAL (GENERAL)
$3,185,000
Change: +136% · Conversion: Difficult
OFFICE BUILDING
$2,420,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$1,850,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,370,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±10%
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
$136 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$33,160
Tax year 2023
Assessed value
$1,073,679
Assessed 2024
Previous assessed
$1,093,100
-1.8% YoY
Effective rate
3.09%
On assessed value
Total market value
$2,147,358
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1997
Heating
SPACE
Total area
16,081 SF
Lot
2.18 ac (94,961 SF)
APN
L -12-08-305-007
UPID
US43-1663899
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
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
$1.4M
COMMERCIAL (GENERAL)
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.4M
RETAIL STORES
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
1997
Heating
SPACE
Lot
2.18 ac
Current owner
From public records · entity-resolved
Oak Valley 1174 LLC
Entity
Mailing address
1182 OAK VLY DR, ANN ARBOR, MI 48108-9624
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2023
—
Oak Valley 1174 LLC
—
Deed
related
$10,500,000 · First Merchants Bank
Jan 30, 2020
—
Oak Valley 1174 LLC
—
Deed
related
$10,000,000 · Level One Bk
Nov 2, 2017
—
Oak Valley 1182 LLC
—
Loan Modification
related
$16,000,000 · Level One Bk
Nov 24, 2010
—
Oak Valley 1174 LLC
Amr Dev LLC
Warranty Deed
—
May 8, 1996
$125,950
A Holdings
Mcmullen,thomas B
Grant Deed
related
—
—
—
Oak Valley 1174 LLC
—
Deed Of Trust
related
$690,193 · United Bank & Trust Co
—
—
Amr Holdings LLC
—
Deed Of Trust
related
$625,000 · Bank Of America Fsb
—
—
Oak Valley 1174 LLC
—
Loan Modification
related
$10,000,000 · Level One Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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