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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3600 Ellsworth Rd Ann Arbor, MI 48108-2078

    • Warehouses
    • 21,148 SF
    • 2.86 lot acres
    OFF-MARKET
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1331872
    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

    • Corrigan Moving Systems / Moving And Storage Service / Moving Supply Store

    Property Details for 3600 Ellsworth Rd

    Year built
    1970
    Lot size
    2.86 lot acres
    Property size
    21,148 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    L -12-14-100-003
    APU
    L1214100003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,226,000
      Market price range: $1.23M - $2.38M
      AI Estimate
      $1,226,000
      Market price range: $1.23M - $2.38M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,800,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,775,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6871
    Latitude
    42.2301
    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
    $29,030
    $0.00
    $0.00
    $846,785
    -
    $0.00
    $0.00
    $1,693,570

    Comparable in this City

    • Value Estimation
      $970,000
      8,640 SF

      3570 Ellsworth Rd

      MINI-WAREHOUSE, STORAGE • 8,640 SF
      3570 Ellsworth Rd, Ann Arbor, MI 48108-2028
      View Details
    • Value Estimation
      $2,590,000
      26,000 SF

      3530 Ellsworth Rd

      MINI-WAREHOUSE, STORAGE • 26,000 SF
      3530 Ellsworth Rd, Ann Arbor, MI 48108-2028
      View Details
    • Value Estimation
      $3,205,000
      28,500 SF

      738 Airport Blvd

      MINI-WAREHOUSE, STORAGE • 28,500 SF
      738 Airport Blvd, Ann Arbor, MI 48108-1674
      View Details
    • Value Estimation
      $905,000
      15,632 SF

      5475 State Rd

      MINI-WAREHOUSE, STORAGE • 15,632 SF
      5475 State Rd, Ann Arbor, MI 48108-9717
      View Details
    • Value Estimation
      $790,000
      12,539 SF

      3761 Ellsworth Rd

      MINI-WAREHOUSE, STORAGE • 12,539 SF
      3761 Ellsworth Rd, Ann Arbor, MI 48108-2027
      View Details
    • Value Estimation
      $720,000
      6,400 SF

      3060 Lohr Cir

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      3060 Lohr Cir, Ann Arbor, MI 48108-5914
      View Details

    Similar Nearby for Sale

    • $5,658,200
      28,176 SF

      Ann Arbor R&D Building

      State-of-the-art R&D building with clean room and warehouse.
      401 W Morgan Rd, Ann Arbor, MI 48108
      View Details
    • $3,025,000
      25,494 SF

      Ann Arbor Flex Building

      Flex building with modern office and high-clear warehouse space.
      5200 Venture Dr, Ann Arbor, MI 48108
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    • $3,900,000
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      Ann Arbor Flex Space - $3.9M

      Versatile industrial building, 25,494 sq ft, 9.48 acres.
      5200 Venture Dr, Ann Arbor, MI 48108
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    • $4,400,000

      Ann Arbor Industrial Facility

      46,356 SF industrial facility with high-bay warehouse space.
      5500 South State St, Ann Arbor, MI 48108
      View Details
    • Contact for pricing

      Industrial Unit with Updated Office

      4,000 SF industrial space with updated office and warehouse.
      3729 Trade Center Dr, Ann Arbor, MI 48108
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    • Contact for pricing
      1.25 Acres

      Ann Arbor Industrial Land - 1.25 Acres

      Prime Ann Arbor industrial land, green zone approved.
      3785 Varsity Dr, Ann Arbor, MI 48108
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      32,352 SF

      Ann Arbor Warehouse - 32,352 SF

      Spacious single-tenant warehouse available. Ideal for industrial operations.
      5075 Venture Dr, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      28,776 SF

      Ann Arbor Flex Space For Lease

      Modern Flex Space, Ann Arbor, MI
      1143 Highland Dr, Ann Arbor, MI 48108
      View Details
    • $12 SF/Yr
      19,272 SF

      Ann Arbor Flex Space Available

      Modern Industrial Space, 19,272 SF
      4220 Varsity Dr, Ann Arbor, MI 48108
      View Details
    • $9 SF/Yr
      11,487 SF

      Industrial Space with Signage Available

      Industrial property for rent with signage on Ellsworth Road.
      727 W Ellsworth Rd, Ann Arbor, MI 48108
      View Details
    • $20 SF/Yr
      67,908 SF

      Waterworks Plaza Office Suites

      Ann Arbor Office Space, Multiple Suites Available
      3131 State St, Ann Arbor, MI 48108
      View Details
    • $12 SF/Yr
      24,553 SF

      Ann Arbor Flex Space Available

      24,553 SF flex space available for lease in Ann Arbor.
      4370 Varsity Dr, Ann Arbor, MI 48108
      View Details
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    3600 Ellsworth Rd
    Ann Arbor, MI 48108-2078
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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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