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    Property profile & analytics

    4585 Washtenaw Ave Ann Arbor, MI 48108-1278

    • Strip malls
    • 83,189 SF
    • 12.88 lot acres
    OFF-MARKET
    Value Estimation
    $8,880,000
    Last Sale
    Nov 30, 2022
    $9,151,375
    Location Intelligence
    Property ID
    US43-1209792
    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

    • Starbucks / Coffee Store / Espresso Bar
    • Wright & Filippis Inc - Ann Arbor / Orthotics & Prosthetics Service
    • HAIFA FALAFEL / Mediterranean Restaurant
    • Perry Prosthetics / Orthotics & Prosthetics Service
    • MVP / Loan Agency

    Property Details for 4585 Washtenaw Ave

    Year built
    1980
    Lot size
    12.88 lot acres
    Property size
    83,189 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    L -12-01-100-045
    APU
    L1201100045

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,555,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,005,000
      6.5%
      $8,575,000
      7%
      $8,540,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $9,235,000
      Geo Method
      $10,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,000,000
      Retail
      $9,080,000
      Mixed-Use
      $9,680,000
      Hospitality
      $8,395,000
      Educational
      $8,400,000
      Residential Income
      $8,000,000
      Energy
      $8,370,000
      Income-Based Land
      $9,435,000
      Food Service
      $8,665,000

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.6676
    Latitude
    42.2525
    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
    $288,866
    $0.00
    $0.00
    $5,078,132
    -
    $0.00
    $0.00
    $10,156,264

    Comparable in this City

    • Value Estimation by Request
      12,635 SF

      4860 Washtenaw Ave

      SHOPPING CENTER, STRIP CENTER • 12,635 SF
      4860 Washtenaw Ave, Ann Arbor, MI 48108-3401
      View Details
    • Value Estimation by Request
      22,615 SF

      4001 Stone School Rd

      SHOPPING CENTER, STRIP CENTER • 22,615 SF
      4001 Stone School Rd, Ann Arbor, MI 48108-9723
      View Details
    • Value Estimation by Request
      26,546 SF

      4555 Washtenaw Ave

      SHOPPING CENTER, STRIP CENTER • 26,546 SF
      4555 Washtenaw Ave, Ann Arbor, MI 48108-1011
      View Details
    • Value Estimation by Request
      14,700 SF

      2835 Carpenter Rd

      SHOPPING CENTER, STRIP CENTER • 14,700 SF
      2835 Carpenter Rd, Ann Arbor, MI 48108-1172
      View Details
    • Value Estimation by Request
      154,987 SF

      771 Airport Blvd

      WHOLESALE OUTLET, DISCOUNT STORE • 154,987 SF
      771 Airport Blvd, Ann Arbor, MI 48108-1639
      View Details
    • Value Estimation by Request
      73,074 SF

      3900 State Rd

      RETAIL STORES (PERSONAL SERVICES) • 73,074 SF
      3900 State Rd, Ann Arbor, MI 48108-1661
      View Details

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      Ann Arbor medical/office retail opportunity.
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      Retail/Medical/Office Development Opportunity

      New construction near Avis Farms, ideal for retail/office.
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      Ann Arbor Retail Investment Opportunity

      High-visibility retail property with national tenant in Ann Arbor.
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    Similar Nearby for Lease

    • $35 SF/Yr
      15,600 SF

      State Street Retail Center

      Ann Arbor Retail Space Available
      3695 State St, Ann Arbor, MI 48108
      View Details
    • $14 SF/Yr
      9,804 SF

      Retail Space in Glencoe Crossing

      Retail space available in well-maintained shopping center with ample parking.
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      View Details
    • Contact for pricing
      2,370 SF

      Retail/Medical Space Available For Rent

      Former Urgent Care and Groomer spaces available for rent.
      4003 Carpenter Rd, Pittsfield Township, MI 48108
      View Details
    • $10 SF/Yr
      19,550 SF

      Ann Arbor Retail Space For Lease

      19,550 SF Single-Tenant Retail Building
      4801 Washtenaw Ave, Ann Arbor, MI 48108
      View Details
    • $18 SF/Yr
      7,339 SF

      Ann Arbor Office Suites Available

      Prime Ann Arbor location, flexible office spaces.
      455 Eisenhower Pkwy, Ann Arbor, MI 48108
      View Details
    • $16 SF/Yr
      1,200 SF

      Retail/Office Space in Stone Plaza

      Flexible retail or office spaces available in a vibrant plaza.
      4001 Stone School Rd, Ann Arbor, MI 48108
      View Details

    Property Visit Statistics

    • Visits by month
      11.3k
    • Visitors by month
      7.6k
    • Avg Time on site
      18 min
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    4585 Washtenaw Ave
    Ann Arbor, MI 48108-1278
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    Realmo Value Estimation

    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.

    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.

    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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