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    4990 Ann Arbor Saline Rd Ann Arbor, MI 48103-9782
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    Property profile & analytics

    4990 Ann Arbor Saline Rd, Ann Arbor, MI 48103-9782

    View on Map
    • Retail space
    • 12,654 SF
    • 23.44 lot acres
    Off-Market
    Property ID
    US43-0445403
    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
    $1,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 4990 Ann Arbor Saline Rd

    Year built
    2005
    Lot size
    23.44 lot acres
    Zone code
    PUD
    Property type
    Retail space
    APN
    M -13-14-400-025
    APU
    M1314400025

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 27, 2022 — Copper Leaf Crossing LLC — Deed · related $1.9M · Bank Of Ann Arbor

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,912,000
      Market price range: $897k - $1.91M
      AI Estimate
      $1,912,000
      Market price range: $897k - $1.91M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,455,000
      Current use
      OFFICE BUILDING
      $1,905,000
      Change: +31% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,780,000
      Change: +22% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ann Arbor
    County
    Washtenaw
    State
    Michigan
    Longitude
    -83.7999
    Latitude
    42.215
    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
    $50,009
    $0.00
    $0.00
    $956,700
    -
    $0.00
    $0.00
    $1,913,400

    Comparable in this City

    • Value Estimation
      $9,535,000
      108,952 SF

      2000 Waters Rd

      RETAIL STORES (PERSONAL SERVICES)
      2000 Waters Rd, Ann Arbor, MI 48103-8999
      View Details
    • Value Estimation by Request

      1955 Pauline Blvd

      Individual retail properties
      1955 Pauline Blvd, Ann Arbor, MI 48103
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    • Value Estimation
      $895,000
      5,921 SF

      6885 Jackson Rd

      STORE, RETAIL OUTLET
      6885 Jackson Rd, Ann Arbor, MI 48103-9845
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    • Value Estimation by Request
      3,060 SF

      5505 Arbor Chase Dr

      Restaurants
      5505 Arbor Chase Dr, Ann Arbor, MI 48103
      View Details
    • Value Estimation by Request
      9,600 SF

      4845 Ann Arbor Saline Rd

      CONVENIENCE STORE
      4845 Ann Arbor Saline Rd, Ann Arbor, MI 48103-4333
      View Details
    • Value Estimation by Request
      17,792 SF

      299 Zeeb Rd

      Office Units
      299 Zeeb Rd, Ann Arbor, MI 48103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      500 SF

      Retail/Office/Medical Space Available

      High-profile corner location with building signage and direct suite entry.
      1880-1898 W Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • $950,000

      Ann Arbor Office/Retail Condo

      6,078 SF fully leased condo near I-94 and M-14.
      6101-6105-6113 Jackson Rd, Ann Arbor, MI 48103
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    • $745,000

      Land with C-4 Zoning

      Land suitable for industrial, retail, and self-storage development.
      5179 Jackson Rd, Ann Arbor, MI 48103
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    • $680,000
      3,242 SF

      West Side Retail/Office Space

      Well-maintained retail/office space in established Ann Arbor location.
      2237-2239 W Liberty St, Ann Arbor, MI 48103
      View Details
    • Contact for pricing
      63,532 SF

      Multi-Building Flex Business Park

      Five flex buildings offer a versatile mix of office, warehouse, light industrial, showroom, and service space on a major Ann Arbor corridor.
      3502 W Liberty Rd, Ann Arbor, MI 48103
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    • $5,625,000
      41,373 SF

      Ann Arbor Industrial Flex Space

      41,373 SF Flex Warehouse, Owner-User Opportunity
      78 Jackson Plz, Ann Arbor, MI 48103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,029 SF

      Retail Space Near High-End Grocer

      Redeveloped retail space anchored by Plum Market and national retailers.
      155-396 North Maple Rd, Ann Arbor, MI 48103
      View Details
    • $24 SF/Yr
      15,000 SF

      Vacant End Cap Retail Suite

      Turnkey end cap with private rooms, reception, and restroom, ready for a new retail or service tenant.
      4335 Jackson Rd, Ann Arbor, MI 48103
      View Details
    • $16 SF/Yr

      Ann Arbor Retail/Office Space

      High-quality retail and office space in a prime Ann Arbor location.
      355 S Zeeb Rd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing
      2,380 SF

      Westgate Shopping Center Retail Space

      14,143 SF retail space in established Ann Arbor center.
      2449 West Stadium Blvd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing
      952 SF

      Retail Space Near High-End Grocer

      Redeveloped retail space anchored by Plum Market and national retailers.
      241-255 North Maple Rd, Ann Arbor, MI 48103
      View Details
    • Contact for pricing

      Stadium Blvd Retail/Office Space

      Retail and office spaces available for lease on Stadium Blvd.
      1880-1898 W Stadium Blvd, Ann Arbor, MI 48103
      View Details
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    Ann Arbor, MI 48103-9782
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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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