Property profile

5 Emerick St Ypsilanti, MI 48198

OFF-MARKET
Manufacturing properties
Property ID
US43-1919159
9,157 SF 0.7 ac lot Built 1936
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1936
Total area 9,157 SF
Lot 0.7 ac (30,492 SF)
APN K -11-10-280-018
UPID US43-1919159

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Carpet & Flooring Store Hardware & Home Improvement

Location

5 Emerick St Ypsilanti, MI 48198-5718
Ypsilanti metro Census 412000 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$682k
Blend (final) Blend
$370k

Owner & transaction history

since 2023
4 recorded transactions
2023
Price N/A
2021
Price N/A
2009
Price N/A
2001
$180,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.1M +89.3%
Retail stores $1.1M +76.5%
Warehouse, storage $780,000 +30.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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