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    2727 E Michigan Ave Ypsilanti, MI 48198
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    Property profile & analytics

    2727 E Michigan Ave Ypsilanti, MI 48198

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    • Warehouses
    • 7,800 SF
    • 1.95 lot acres
    For Sale
    $1,350,000
    View Listing →
    Industrial Property For Sale For Sale
    $1,350,000
    12,890 SF

    Industrial Property For Sale

    12,890 SqFt industrial property available for purchase.

    2727 E. Michigan Ave, Ypsilanti, MI 48198
    View Listing
    Property ID
    US43-0452499
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • RHI General Contractors / General Contractor
    • Rapid Roofing / Roofing Company / General Contractor

    Property Details for 2727 E Michigan Ave

    Lot size
    1.95 lot acres
    Property size
    7,800 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    K -11-01-340-035
    APU
    K1101340035

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ypsilanti
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.5583
    Latitude
    42.2526
    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
    $0.00
    $0.00
    $0.00
    $329,700
    -
    $0.00
    $0.00
    $659,400

    Comparable in this City

    • Value Estimation
      $23,140,000
      399,044 SF

      2625 Tyler Rd

      MINI-WAREHOUSE, STORAGE • 399,044 SF
      2625 Tyler Rd, Ypsilanti, MI 48198-6183
      View Details
    • Value Estimation
      $7,350,000
      126,711 SF

      3003 William Ave

      MINI-WAREHOUSE, STORAGE • 126,711 SF
      3003 William Ave, Ypsilanti, MI 48198-9118
      View Details
    • Value Estimation by Request
      2,560 SF

      10945 Blackmore Ave

      MINI-WAREHOUSE, STORAGE • 2,560 SF
      10945 Blackmore Ave, Ypsilanti, MI 48198
      View Details
    • Value Estimation
      $640,000
      11,074 SF

      822 Michigan Ave

      MINI-WAREHOUSE, STORAGE • 11,074 SF
      822 Michigan Ave, Ypsilanti, MI 48198-5802
      View Details
    • Value Estimation
      $780,000
      13,440 SF

      1020 Michigan Ave

      MINI-WAREHOUSE, STORAGE • 13,440 SF
      1020 Michigan Ave, Ypsilanti, MI 48198-5806
      View Details
    • Value Estimation by Request
      5,183 SF

      300 Frd Blvd

      MINI-WAREHOUSE, STORAGE • 5,183 SF
      300 Frd Blvd, Ypsilanti, MI 48198-6067
      View Details

    Similar Nearby for Sale

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      Established Moving Company for Sale

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    • $300,000
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      Commercial Property on Michigan Avenue

      1.76-acre commercial property with frontage on Michigan Avenue.
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      Ypsilanti Commercial Real Estate For Sale

      25,800 SF commercial property on 1.5 acres in Ypsilanti.
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    • $300,000
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      Commercial Property on Michigan Avenue

      1.76-acre commercial property with 390+ feet of frontage.
      3373 E Michigan Ave, Ypsilanti, MI 48198
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    • $239,900
      1,827 SF

      Ypsilanti Industrial Building - Great Location

      Medical/Office Building, High Visibility, 1827 sq ft
      880 Ford St, Ypsilanti, MI 48198
      View Details
    • Contact for pricing
      12,890 SF

      Industrial Property For Sale

      12,890 SqFt industrial property available for purchase.
      2727 E Michigan Ave, Ypsilanti, MI 48198
      View Details

    Similar Nearby for Lease

    • $340 /Mo
      10,000 SF

      Renovated Ypsilanti Office and Warehouse

      Office and warehouse space available near Willow Run Airport.
      265 S Harris - Bldg B Rd, Ypsilanti, MI 48198
      View Details
    • Contact for pricing

      Renovated Warehouse with Retail Potential

      Renovated 10,800 SF building with retail and warehouse features.
      265 S Harris Rd -, Ypsilanti, MI 48198
      View Details
    • $12,420 /Mo
      10,800 SF

      Ypsilanti Warehouse and Retail Space

      10,800 sq ft commercial building available for lease.
      265 S Harris Rd, Ypsilanti, MI 48198
      View Details
    • $6,325 /Mo
      10,000 SF

      Ypsilanti Flex Space Available

      5,500 SF flex space near Willow Run Airport.
      265 S Harris - Bldg B Rd, Ypsilanti, MI 48198
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease.
      2701 Airport Dr, Ypsilanti, MI 48198
      View Details
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    Ypsilanti, MI 48198
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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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    2727 E Michigan Ave, Ypsilanti, MI, 48198
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