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    Property profile & analytics

    2420 Oak Valley Dr Ann Arbor, MI 48103

    • Office buildings
    • 13,022 SF
    • 2.12 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0974007
    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

    • Honda Research Institute USA, Inc. / Research Institute
    • Paragon Imaging / Marketing & Advertising / Advertising Agency

    Property Details for 2420 Oak Valley Dr

    Year built
    2001
    Lot size
    2.12 lot acres
    Property size
    13,022 SF
    Property type
    Office buildings
    APN
    L -12-06-280-011
    APU
    L1206280011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,855,000
      Market price range: $837k - $2.95M
      AI Estimate
      $1,855,000
      Market price range: $837k - $2.95M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,960,000
      Current use
      COMMERCIAL (GENERAL)
      $1,830,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7745
    Latitude
    42.2512
    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
    $49,776
    $0.00
    $0.00
    $1,048,406
    -
    $0.00
    $0.00
    $2,096,812

    Comparable in this City

    • Value Estimation
      $520,000
      2,287 SF

      2433 Oak Vly Dr Ste, Unit 200

      OFFICE BUILDING • 2,287 SF
      2433 Oak Vly Dr Ste, Ann Arbor, MI 48103-7602
      View Details
    • Value Estimation
      $515,000
      2,281 SF

      2411 Oak Vly Dr

      OFFICE BUILDING • 2,281 SF
      2411 Oak Vly Dr, Ann Arbor, MI 48103-9131
      View Details
    • Value Estimation by Request
      1,390 SF

      4997 Ann Arbor Saline Rd

      OFFICE BUILDING • 1,390 SF
      4997 Ann Arbor Saline Rd, Ann Arbor, MI 48103-9782
      View Details
    • Value Estimation by Request
      1,860 SF

      2405 Main St

      OFFICE BUILDING • 1,860 SF
      2405 Main St, Ann Arbor, MI 48103-5834
      View Details
    • Value Estimation
      $565,000
      2,265 SF

      2433 Oak Vly Dr Ste, Unit 100

      OFFICE BUILDING • 2,265 SF
      2433 Oak Vly Dr Ste, Ann Arbor, MI 48103-7602
      View Details
    • Value Estimation by Request
      1,793 SF

      5095 Ann Arbor Saline Rd

      OFFICE BUILDING • 1,793 SF
      5095 Ann Arbor Saline Rd, Ann Arbor, MI 48103-9722
      View Details

    Similar Nearby for Sale

    • $2,750,000

      Ann Arbor Corporate Office Building

      Luxurious office space in Ann Arbor's North Oak Office Center.
      8192 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing
      1,172 SF

      Downtown Ann Arbor Commercial Building

      Free-standing building in downtown Ann Arbor, fully renovated in 2020.
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      View Details
    • New
      $1,600,000
      5,318 SF

      Mixed-Use Parcel in Ann Arbor

      Two buildings with development potential in the heart of Ann Arbor.
      404 W Liberty St, Ann Arbor, MI 48103
      View Details
    • Contact for pricing

      Park-Like Property in Ann Arbor

      Private 1.8-acre property with multiple buildings and ample parking.
      1241 S Maple Rd, Ann Arbor, MI 48103
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      Industrial Facility on Jackson Road

      Standalone industrial building with office and warehouse space in Ann Arbor.
      4111 Jackson Ave, Ann Arbor, MI 48103
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      Ann Arbor Office Suites

      Office suites suitable for storage or recreational use available for sale.
      8178 Jackson Rd, Ann Arbor, MI 48103
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    Similar Nearby for Lease

    • Contact for pricing

      Downtown Office Building with Atrium

      Remodeled Class A office space in downtown Ann Arbor.
      315 W Huron St, Ann Arbor, MI 48103
      View Details
    • New
      $4,000 /Mo
      2,000 SF

      Remodeled Office Building on Main

      Spacious, remodeled office building with parking in accessible Ann Arbor.
      2405 S Main St, Ann Arbor, MI 48103
      View Details
    • Contact for pricing

      Office Building in Prime Location

      Office building with easy access to downtown and free parking.
      1817 W Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing

      Ann Arbor Office Building Rental

      West-side Ann Arbor office building with private entrance and parking.
      955 W Eisenhower Cir, Ann Arbor, MI 48103
      View Details
    • $16 SF/Yr

      Ann Arbor Retail/Office Space

      High-quality retail and office space in a prime location.
      355 S Zeeb Rd, Ann Arbor, MI 48103
      View Details
    • $12 SF/Yr
      1,000 SF

      Ann Arbor Office Space

      Office space available for lease in Ann Arbor, Michigan.
      400 N 1St St, Ann Arbor, MI 48103
      View Details
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    Ann Arbor, MI 48103
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    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
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