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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Assisted living facilities
3370 Morgan Rd Ann Arbor, MI 48108-9637
Entity Owned
5-yr Hold
Free & Clear
Property ID
US43-1665177
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1955
Total area
25,834 SF
Lot
8.21 ac (357,628 SF)
APN
L -12-23-200-002
UPID
US43-1665177
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
-
Hasina Huq, PTA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Lombardo Homes Of Scioview LLC · 5 yrs held
Lombardo Homes Of Scioview LLC
since 2020
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
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 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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Sep 30 2020)
Last sale anchor
$625k
Sep 30 2020
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
$24 / 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
$24,146
Tax year 2023
Assessed value
$261,393
Assessed 2024
Previous assessed
$428,900
-39.1% YoY
Effective rate
9.24%
On assessed value
Total market value
$522,786
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1955
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
3
Stories
2
Total area
25,834 SF
Lot
8.21 ac (357,628 SF)
APN
L -12-23-200-002
UPID
US43-1665177
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1955
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
3
Lot
8.21 ac
Current owner
From public records · entity-resolved
Lombardo Homes Of Scioview LLC
Entity
Free & Clear · 5 yrs held
Mailing address
12955 23RD MILE RD, SHELBY TOWNSHIP, MI 48315-2707
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2020
$625,000
Lombardo Homes Of Scioview LLC
Real W S L Est LLC
Warranty Deed
—
Aug 15, 2019
—
Washtenaw Senior Living R & E Ll
Fc Encore Whitehall LLC
Grant Deed
—
Jul 16, 2019
—
Centennial Master Subtenant Ll
Fc Encore Whitehall LLC
Grant Deed
related
—
Mar 2, 2016
$5,500,000
Fc Encore Whitehall LLC
Whitehall Nursing Centers LLC
Grant Deed
—
Sep 1, 2004
—
Fcscd Properties II LLC
Transitional Health Services
Grant Deed
related
—
Oct 12, 1995
—
Nursing Centers Whitehall
Whitehall,convalescent H
Quit Claim Deed
related
—
—
—
Whitehall Nursing Centers LLC
—
Deed Of Trust
related
—
—
—
Transitional Health Services
—
Deed Of Trust
related
$30,000,000 · Capitalsource Finance LLC
—
—
Whitehall Nursing Ctrs LLC
—
Loan Modification
related
$10,540,616 · Comerica Bank
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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