Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2001 Dhu Varren Rd Ann Arbor, MI 48105-9229

    • Industrial properties
    • 12.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-4239344
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2001 Dhu Varren Rd

    Lot size
    12.84 lot acres
    Zone code
    M1
    Property type
    Industrial properties
    APN
    09-09-09-400-050
    APU
    90909400050

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7239
    Latitude
    42.3178
    CBSA code
    11460
    CBSA name
    ANN ARBOR, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,064
    $0.00
    $0.00
    $261,800
    -
    $0.00
    $0.00
    $523,600

    Comparable in this City

    • Value Estimation by Request

      Pontiac St

      INDUSTRIAL (GENERAL)
      Pontiac St, Ann Arbor, MI 48105
      View Details
    • Value Estimation by Request
      4.94 Acres

      982 Broadway St

      INDUSTRIAL (GENERAL) • 4.94 Acres
      982 Broadway St, Ann Arbor, MI 48105-1804
      View Details
    • Value Estimation by Request
      141,652 SF

      4410 Goss Rd

      INDUSTRIAL (GENERAL) • 141,652 SF
      4410 Goss Rd, Ann Arbor, MI 48105-2703
      View Details
    • Value Estimation by Request

      Plymouth Rd

      INDUSTRIAL (GENERAL)
      Plymouth Rd, Ann Arbor, MI 48105
      View Details
    • Value Estimation by Request
      32.06 Acres

      5248 Jennings Rd

      INDUSTRIAL (GENERAL) • 32.06 Acres
      5248 Jennings Rd, Ann Arbor, MI 48105-9641
      View Details
    • Value Estimation by Request
      128,224 SF

      1555 Woodridge Ave

      INDUSTRIAL (GENERAL) • 128,224 SF
      1555 Woodridge Ave, Ann Arbor, MI 48105-9748
      View Details

    Similar Nearby for Sale

    • $175,000
      0.16 Acres

      Residential Lot in Ann Arbor

      Buildable lot in a desirable Ann Arbor neighborhood.
      2656 Shefman Ter, Ann Arbor, MI 48105
      View Details
    • $215,000
      2.62 Acres

      2.62 Acre Vacant Land Parcel

      2.62 acre vacant land parcel in Ann Arbor, Michigan.
      5024 E Joy Rd, Ann Arbor, MI 48105
      View Details
    • $1,250,000
      37.00 Acres

      Dexter 37-Acre Residential Land

      Prime Dexter location, 37 acres, R-1 zoning.
      0 Joy Rd, Ann Arbor, MI 48105
      View Details
    • $349,000
      1,391 SF

      Riverside Park Condo with River Views

      Renovated end unit condo with park and river views.
      1050 Wall St, Ann Arbor, MI 48105
      View Details
    • $349,000
      1,391 SF

      Riverside Park Condo with Open Views

      End ranch condo with views of Riverside Park and Huron River.
      1050 Wall St, Ann Arbor, MI 48105
      View Details
    • $174,900
      458 SF

      Rare River House Studio Condo

      Affordable studio near U of M, Kerrytown, and downtown.
      1245 Island Drive Ct, Ann Arbor, MI 48105
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      97,904 SF

      Ann Arbor Office Space Available

      Prime Ann Arbor Office Suites, 7 Spaces
      2350 Green Rd, Ann Arbor, MI 48105
      View Details
    • Contact for pricing
      6,412 SF

      Ann Arbor Flex/Industrial Space

      6,412 SF flex/industrial space available for lease.
      2311 Green Rd, Ann Arbor, MI 48105
      View Details
    • $30 SF/Yr
      9,095 SF

      Plymouth Road Retail Center

      Prime Retail Space Available - Washtenaw County
      3395 Plymouth Rd, Ann Arbor, MI 48105
      View Details
    • $8 SF/Yr
      5,711 SF

      Ann Arbor Office Space Available

      Flexible Offices, Coworking, Meeting Rooms
      24 Frank Lloyd Wright Dr, Ann Arbor, MI 48105
      View Details
    • $1,975 /Mo
      1,182 SF

      Northside Glen Condo For Rent

      Two-bedroom, two-bath condo with wooded views, near UofM.
      2776 S Knightsbridge Cir, Ann Arbor, MI 48105
      View Details
    • $21 SF/Yr
      2,035 SF

      Ann Arbor Office Space Available

      Office space available for lease in Ann Arbor, Michigan.
      3250 Plymoth Rd, Ann Arbor, MI 48105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2001 Dhu Varren Rd
    Ann Arbor, MI 48105-9229
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.