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    Property profile & analytics
    OFF-MARKET Estimated value $1,475,000
    Industrial properties

    4177 Varsity Dr, Ann Arbor, MI 48108-5014

    11,050 SF 2.47 ac lot Built 1992
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-0871060
    Property summary
    AI-generated overview

    This exceptional 11,050-square-foot industrial property, located in a Class A Ann Arbor industrial park, presents a unique leasing opportunity. Situated on a 2.48-acre lot, the building boasts 8,050 square feet of readily available space, perfect for manufacturing, flex, or R&D operations. Built in 1992, the property features a substantial 19'10" ceiling height, providing ample vertical space for various uses. The building is fully air-conditioned, ensuring a comfortable and productive work environment. With 30 total parking spaces, ample parking is available for employees and visitors. The property benefits from convenient freeway access, streamlining logistics and transportation. The building is zoned BD and located in Washtenaw County, with Pittsfield Township taxes. The property's current tax rate is $2.66 per square foot, and building insurance is $0.29 per square foot. The existing structure offers 3,000 square feet of potential expansion space, accommodating future growth needs. The property is served by 208 3-phase power. This single-tenant building presents a compelling opportunity for businesses seeking a well-maintained, strategically located industrial space with significant expansion potential. A long-term lease is available.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1992
    Total area 11,050 SF
    Lot 2.47 ac (107,593 SF)
    APN L -12-16-103-031
    UPID US43-0871060
    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
    • Shaw Electric Co Electrical Service General Contractor
    • Instrumedics LLC Surgical Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.50M
    Blend (final) Blend
    $1.48M
    Owner & transaction history
    Cameron Holdings Varsity LLC · 1 yrs held
    Cameron Holdings Varsity LLC
    since 2024
    Last sale
    $1.5M
    7 recorded transactions
    2024
    $1.5M
    2020
    $1.4M
    2017
    2012
    2006
    1994
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $2.2M +135.8%
    Office building $1.7M +79.3%
    Retail stores $1.3M +37.0%
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