3602 Partridge Path Ann Arbor, MI 48108-2428
Entity Owned
4-yr Hold
~
Est. High Equity
Estimated value
No estimation on file for this property yet.
Property ID
US43-1582346
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1974
Lot
21.38 ac (931,313 SF)
Zoning code
R4B
APN
09-12-09-400-028
UPID
US43-1582346
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
since 2022
4 recorded transactions
Zoning & alternative use
R4B · Ann Arbor, MI
Zoning description
R4B, R4C, R4D, and R4E Multiple-Family Dwelling Districts A. General Purpose Statement In addition to the types of dwelling units permitted in the R1, R2, R3, and R4A districts, these Multiple-Family Zoning Districts are…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Source audit · 10 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Realmo’s models returned no estimation for this property yet.
2
Subject property
Included free
Lot area
21.38 ac
Year built
1974
APN
09-12-09-400-028
Assessed value
$15,398,300
Annual tax
$726,551
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$198
—
County 178 sales
$143
—
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
6
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.40M
Move the market yield to see immediate price impact.
Value / SF
—
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$970k
$19.40M
$13.86M
$10.78M
$1.08M
$21.56M
$15.40M
$11.98M
$1.19M
$23.71M
$16.94M
$13.17M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$726,551
Tax year 2023
Assessed value
$15,398,300
Assessed 2024
Previous assessed
$11,181,400
+37.7% YoY
Effective rate
4.72%
On assessed value
Total market value
$30,796,600
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1974
Heating
FORCED AIR
Lot
21.38 ac (931,313 SF)
Zoning code
R4B
APN
09-12-09-400-028
UPID
US43-1582346
Jurisdiction
WASHTENAW
Zoning & alternative use
R4B · Ann Arbor, MIZoning R4B · permitted uses
R4B · Ann Arbor, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
R4B, R4C, R4D, and R4E Multiple-Family Dwelling Districts A. General Purpose Statement In addition to the types of dwelling units permitted in the R1, R2, R3, and R4A districts, these Multiple-Family Zoning Districts are…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1974
Heating
FORCED AIR
Lot
21.38 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R4B
RESIDENTIAL
Jurisdiction
Ann Arbor, MI
Recorded code
R4B
Official district
R4B
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R4B in Ann Arbor, MI.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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