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Property profile & analytics
FOR SALE
Industrial properties
2 W Forest Ave Ypsilanti, MI 48197
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-4484523
For Sale
1 / 8
Contact for pricing
2 W Forest Ave, Ypsilanti, MI 48197
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Total area
960 SF
Lot
1.23 ac (53,622 SF)
Zoning code
GC
APN
11-11-04-360-001
UPID
US43-4484523
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
-
Quality Roots Cannabis Dispensary - Ypsilanti (Bike/Boat/Book/etc) Store
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
Zamperla Brothers LLC · 5 yrs held
Zamperla Brothers LLC
since 2021
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
GC · Ypsilanti, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ypsilanti submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ypsilanti 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 2019Property tax & assessments
Tax year 2019
Tax billed
$13,037
Tax year 2019
Assessed value
$147,300
Assessed 2024
Previous assessed
$147,300
+0.0% YoY
Effective rate
8.85%
On assessed value
Total market value
$294,600
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Heating
FORCED AIR
Total area
960 SF
Lot
1.23 ac (53,622 SF)
Zoning code
GC
APN
11-11-04-360-001
UPID
US43-4484523
Jurisdiction
WASHTENAW
Zoning & alternative use
GC · Ypsilanti, MI
Zoning GC · permitted uses
GC · Ypsilanti, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ypsilanti. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
FORCED AIR
Lot
1.23 ac
Current owner
From public records · entity-resolved
Zamperla Brothers LLC
Entity
Free & Clear · 5 yrs held
Mailing address
28400 NORTHWESTERN HWY STE #400, SOUTHFIELD, MI 48034-8349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2022
—
Monarch Acquisitions II LLC
—
Deed
related
$1,250,000 · Citizens State Bank
Jan 12, 2021
—
Zamperla Brothers LLC
Michael Clarren
Quit Claim Deed
related
—
Jan 12, 2021
$200,000
Monarch Acquisitions II LLC
Zamperla Brothers LLC
Grant Deed
—
Dec 10, 2015
—
Zamperla Brothers LLC
Zamperla,lorenzo
Quit Claim Deed
related
—
Nov 23, 2015
$17,200
Lorenzo Zamperla
Mcclary,catherine
Quit Claim Deed
related
—
Apr 3, 2015
—
Washtenaw County Treasurer
Clarren Michael
Tax Deed
related
—
Sep 29, 2014
—
Michaele Armstrong
Link,carl W
Quit Claim Deed
related
—
Dec 29, 2009
—
Carl W Link
Armstrong,michael
Quit Claim Deed
related
—
Jul 2, 2007
—
Ottaco INC
Equivest Financial
Quit Claim Deed
related
—
Jul 2, 2007
$3,447
Russel Armstrong
Ottaco INC
Quit Claim Deed
related
—
May 11, 2007
—
Douglas Armstrong
Armstrong Russell B
Quit Claim Deed
related
—
Oct 31, 1994
$1,512
Armstong Russell
Equivest Financial
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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