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Property profile & analytics
FOR LEASE
Office buildings
5025 Venture Dr, Ann Arbor, MI 48108
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1449923
For Lease
1 / 10
$14 SF/Yr
5025 Venture Dr, Ann Arbor, MI 48108
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Total area
25,620 SF
Lot
3.64 ac (158,558 SF)
APN
L -12-21-200-023
UPID
US43-1449923
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.73M
Blend (final)
Blend
$2.73M
Owner & transaction history
5025 Venture Drive LLC · 7 yrs held
5025 Venture Drive LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ann Arbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ann Arbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,860,000
Current use
Blend value · Realmo final
$2.73M
Range $2.45M – $3.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$106 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,507
Tax year 2023
Assessed value
$1,540,542
Assessed 2024
Previous assessed
$1,588,600
-3.0% YoY
Effective rate
5.55%
On assessed value
Total market value
$3,081,084
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1987
Heating
ZONE
Cooling
OTHER
Total area
25,620 SF
Lot
3.64 ac (158,558 SF)
APN
L -12-21-200-023
UPID
US43-1449923
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.9M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Heating
ZONE
Cooling
Yes
Lot
3.64 ac
Current owner
From public records · entity-resolved
5025 Venture Drive LLC
Entity
Mailing address
PO BOX 3159, SOUTHFIELD, MI 48037-3159
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
5025 Venture Drive LLC
—
Deed
related
$1,300,000 · Woodmen Of The Wordld Fife Insurance Soc
Jan 3, 2019
—
5025 Venture Drive LLC
—
Grant Deed
related
$11,200,000 · Tcf Nat'l Bk
Jul 23, 2018
—
5025 Venture Drive LLC
Maxey LLC
Warranty Deed
$2,365,000 · Tcf National Bank
May 16, 2017
—
Maxey LLC
—
Deed
related
$750,000 · Bank Of America
May 12, 2016
—
Maxey LLC
—
Deed
related
—
Oct 9, 2012
—
Maxey LLC
Venture Ann Arbor LLC
Warranty Deed
$3,280 · Bank Of America NA
Nov 19, 2003
—
Venture Ann Arbor LLC
—
Deed Of Trust
related
$2,225,000 · Tcf National Bank
—
—
Maxey LLC
—
Loan Modification
related
$13,934,200 · Bank Of America
—
—
Venture Ann Arbor LLC
—
Deed Of Trust
related
$3,487,500 · California Cu
—
—
Maxey LLC
—
Loan Modification
related
—
—
—
Maxey LLC
—
Deed Of Trust
related
$750,000 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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