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    4655 Washtenaw Ave Ann Arbor, MI 48108
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    Property profile & analytics

    4655 Washtenaw Ave Ann Arbor, MI 48108

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    • Banks
    • 93,899 SF
    Off-Market
    Property ID
    US43-2534625
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Signarama Ann Arbor, MI / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 4655 Washtenaw Ave

    Year built
    1980
    Property size
    93,899 SF
    Property type
    Banks

    Description

    Glencoe Crossing, located at 4655 Washtenaw Ave, Ann Arbor, MI 48108, offers exceptional retail and office space for lease. This Class B property, built in 1980, comprises two buildings totaling 93,899 square feet, with 3 suites available. Space is divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 9,804 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.66821287
    Latitude
    42.25261736

    Comparable in this City

    • $27 SF/Yr

      Retail, Office, Medical Space Available

      Retail, office, or medical spaces for lease with drive-thru.
      3955 South State St, Ann Arbor, MI 48108
      View Details
    • $62 SF/Yr
      2,026 SF

      Ann Arbor Commercial Space For Rent

      Prime commercial space in high-traffic Ann Arbor location.
      125 Briarwood Cir, Ann Arbor, MI 48108
      View Details
    • $61 SF/Yr

      High-Traffic Commercial Space Available

      Move-in ready commercial space with drive-through in high-traffic location.
      125 Briarwood Cir, Ann Arbor, MI 48108
      View Details
    • Contact for pricing

      Retail/Medical/Office Development Opportunity

      New construction near Avis Farms, ideal for retail/office.
      5950-5960 South State Rd, Ann Arbor, MI 48108
      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
    • Contact for pricing

      Ann Arbor Mixed-Use Building

      Mixed-use office and retail building in Ann Arbor's Southside.
      455 E Eisenhower Pkwy, Ann Arbor, MI 48108
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Ann Arbor Retail Investment Opportunity

      69,911 SF building on 4.51 acres in Ann Arbor.
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    • $690,000
      3,348 SF

      Ann Arbor Retail Investment Opportunity

      High-visibility retail property with national tenant in Ann Arbor.
      3000 Packard St, Ann Arbor, MI 48108
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    • $2,000,000

      Retail/Medical/Office Development Opportunity

      New construction retail/medical/office space in Ann Arbor, Michigan.
      5960 S State Rd, Ann Arbor, MI 48108
      View Details
    • Contact for pricing
      12,600 SF

      Retail/Medical/Office Development Opportunity

      Retail, medical, and office spaces available in Inglewood Park.
      5950 S State Rd, Ann Arbor, MI 48108
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      6,100 SF

      Medical Building Near Eastern Michigan

      Medical building for sale, near Eastern Michigan University.
      3174 Packard St, Ann Arbor, MI 48108
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    • Contact for pricing
      12,600 SF

      Retail/Medical/Office Development Opportunity

      Retail/medical/office development opportunity in Ann Arbor's Avis Farms.
      5960 S State Rd, Ann Arbor, MI 48108
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr

      Retail, Office, Medical Space Available

      Retail, office, or medical spaces for lease with drive-thru.
      3955 South State St, Ann Arbor, MI 48108
      View Details
    • $62 SF/Yr
      2,026 SF

      Ann Arbor Commercial Space For Rent

      Prime commercial space in high-traffic Ann Arbor location.
      125 Briarwood Cir, Ann Arbor, MI 48108
      View Details
    • $61 SF/Yr

      High-Traffic Commercial Space Available

      Move-in ready commercial space with drive-through in high-traffic location.
      125 Briarwood Cir, Ann Arbor, MI 48108
      View Details
    • Contact for pricing

      Retail/Medical/Office Development Opportunity

      New construction near Avis Farms, ideal for retail/office.
      5950-5960 South State Rd, Ann Arbor, MI 48108
      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
    • Contact for pricing

      Varsity Drive Commercial Space

      Commercial space available for lease on Varsity Drive.
      4370 Varsity Dr, Ann Arbor, MI 48108
      View Details
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    Ann Arbor, MI 48108
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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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