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Property profile & analytics
OFF-MARKET
Estimated value
$33,485,000
Office buildings
2211 Old Earhart Rd Ann Arbor, MI 48105-2963
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1406817
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
202,219 SF
Lot
22.84 ac (994,910 SF)
Zoning code
PUD
APN
I -09-14-480-005
UPID
US43-1406817
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
-
Lawrence Mcmaster Physician
-
Ellis Porter PLC - The Immigration Attorneys Law Firm
-
Earhart corporate center Corporate Office Business Park
-
Infor Global Solutions Corporate Office
-
Homepoint Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$33.49M
Blend (final)
Blend
$33.49M
Owner & transaction history
Integris Ventures Ecc LLC · 7 yrs held
Integris Ventures Ecc LLC
since 2019
6 recorded transactions
Zoning & alternative use
PUD · Ann Arbor, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
PUD Planned Unit Development District A. Purpose Statement The purpose of this district is to permit flexibility in the regulation of land development; to encourage innovation in land use and variety in design, layout, and type of structures constructed; to achieve economy and efficiency in the use of land, natural resources, energy, and the provision of pub…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
537.36 ac
Source
udc edition 11a 8 10 25
Top alternative use upside
Commercial (general)
$40.0M
+31.5%
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
OFFICE BUILDING
$30,455,000
Current use
COMMERCIAL (GENERAL)
$40,045,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$33.49M
Range $30.14M – $36.83M · ±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
$166 / 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
$899,084
Tax year 2023
Assessed value
$18,921,100
Assessed 2024
Previous assessed
$18,201,700
+4.0% YoY
Effective rate
4.75%
On assessed value
Total market value
$37,842,200
Applied tax rate
8,101.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
OTHER
Stories
3
Total area
202,219 SF
Lot
22.84 ac (994,910 SF)
Zoning code
PUD
APN
I -09-14-480-005
UPID
US43-1406817
Jurisdiction
WASHTENAW
Zoning & alternative use
PUD · Ann Arbor, MIZoning PUD · permitted uses
PUD · Ann Arbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
PUD Planned Unit Development District A. Purpose Statement The purpose of this district is to permit flexibility in the regulation of land development; to encourage innovation in land use and variety in design, layout, and type of structures constructed; to achieve economy and efficiency in the use of land, natural resources, energy, and the provision of public services and utilities; to encourage provision of open space and protection of natural features; to provide adequate housing, employment, and shopping opportunities particularly suited to the needs of the residents of the City; to expand the supply of affordable housing dwelling units and to
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
537.36 ac
Source
udc edition 11a 8 10 25
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$30.5M
COMMERCIAL (GENERAL)
Est. value
$40.0M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
3
Lot
22.84 ac
Current owner
From public records · entity-resolved
Integris Ventures Ecc LLC
Entity
Mailing address
655 CRAIG RD STE #100, CREVE COEUR, MO 63141-7183
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
—
Integris Ventures Ecc LLC
—
Deed
related
$30,000,000 · Goldman Sachs Bk USA
Jun 6, 2019
—
Integris Ventures Ecc LLC
Clf Ann Arbor LLC
Deed
—
Jun 17, 2013
—
Clf Ann Arbor LLC
K/lb Earhart Dev Assocs LLC
Grant Deed
$30,000,000 · Pnc Bank
Jan 24, 2001
—
K/lb Earhart Dev Assoc LLC
Vlasic Properties LLC
Trustees Deed
$7,500,000 · Lehman Capital Corp
—
—
K/lb Earhart Dev Assocs LLC
—
Deed Of Trust
related
$30,000,000 · Pnc Bank
—
—
Integris Ventures Ecc LLC
—
Deed Of Trust
related
$30,000,000 · Goldman Sachs Bk USA
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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