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Property profile & analytics
OFF-MARKET
Commercial real estate
1502 Maple Rd Ann Arbor, MI 48103-2412
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US43-1069996
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Lot
1.47 ac (63,990 SF)
Zoning code
C1
APN
09-09-19-214-060
UPID
US43-1069996
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
-
Maple In-N-Out Grocery & Convenience Store Food Market
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
Maple Miller Real Properties LLC · 1 yrs held
Maple Miller Real Properties LLC
since 2025
7 recorded transactions
Zoning & alternative use
C1 · Ann Arbor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
C1 Local Business District This district is intended solely to serve the needs of the surrounding residential neighborhood, providing goods that are day-to-day needs and are classed by merchants as "convenience goods and services." The normal spacing between these shopping districts is approximately one mile, and the total land area averages two acres. Busin…
Zone name
Local Business
General category
COMMERCIAL
Zone area
32.56 ac
Source
udc edition 11a 8 10 25
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
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
$65,560
Tax year 2023
Assessed value
$1,059,200
Assessed 2024
Previous assessed
$1,139,100
-7.0% YoY
Effective rate
6.19%
On assessed value
Total market value
$2,118,400
Applied tax rate
9.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1977
Heating
FORCED AIR
Bathrooms
1
Lot
1.47 ac (63,990 SF)
Zoning code
C1
APN
09-09-19-214-060
UPID
US43-1069996
Jurisdiction
WASHTENAW
Zoning & alternative use
C1 · Ann Arbor, MIZoning C1 · permitted uses
C1 · Ann Arbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
C1 Local Business District This district is intended solely to serve the needs of the surrounding residential neighborhood, providing goods that are day-to-day needs and are classed by merchants as "convenience goods and services." The normal spacing between these shopping districts is approximately one mile, and the total land area averages two acres. Businesses that might tend to be a nuisance to the immediately surrounding residential development are excluded, even though the goods or services offered might be in the convenience category or classification. The regulations are designed to permit development of the enumerated functions as limited by the standards designed to protect the abutting or surrounding residential land. The regulations establish standards comparable to the standards for Residential Zoning Districts to result in similar area, height, and building placement.
Zone name
Local Business
General category
COMMERCIAL
Zone area
32.56 ac
Source
udc edition 11a 8 10 25
Building & site characteristics
From public records
Year built
1977
Heating
FORCED AIR
Bathrooms
1
Lot
1.47 ac
Current owner
From public records · entity-resolved
Maple Miller Real Properties LLC
Entity
Mailing address
29500 TELEGRAPH RD STE #100, SOUTHFIELD, MI 48034-1358
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2025
—
Maple Miller Real Properties LLC
Mike Jaboro
Quitclaim Deed
related
—
Feb 14, 2022
—
Maple Miller Real Properties LLC
Maher Jaboro
Quit Claim Deed
related
—
Apr 3, 2017
—
Jaboro,maher Living Trust
Jaboro Mike Living Trust
Quit Claim Deed
related
—
Nov 5, 2013
—
Jaboro,mike Living Trust
Jaboro Salim Living Trust
Quit Claim Deed
related
—
Sep 12, 2013
—
Jaboro,salim Living Trust
Jaboro,salim
Quit Claim Deed
related
—
Sep 20, 2000
—
Maple Miller Real Properties
Maple Miller Associates LLC
Quit Claim Deed
related
$1,500,000 · Ann Arbor Commerce Bank
—
—
Maple Miller Real Properties
—
Deed Of Trust
related
$1,520,000 · First Federal Of Michigan
—
—
Maple Miller Real Props LLC
—
Deed Of Trust
related
$1,426,500 · Comerica Bank
—
—
Maple-miller Associates LLC
—
Deed Of Trust
related
$764,842 · National City Bank Michigan/il
—
—
Maple Miller Real Props LLC
—
Deed Of Trust
related
$997,142 · Comerica Bank
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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