Property profile

507 Washington St Ypsilanti, MI 48197

OFF-MARKET
Commercial real estate
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Property ID
US43-1441483
4,608 SF 0.17 ac Built 1967
Last sale Aug 2024·$550,013
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$9k
Tax billed · 2019
Assessed value · 2024$187k
Effective rate4.74%

Value estimate

· Nov 2026
$550k
$495k – $605k
AI approach$550k
CAP approach$590k
Submarket $/SF estimate$387k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$135/SF
ZIP average, outlier-cleaned · 72 recorded sales of this use type
Observed band · Q1–Q3$69 – $206
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CN-MID
General categoryUNKNOWN
JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office14.9
Laundry Service11.4
Daycare Center11.3

Location

507 Washington St Ypsilanti, MI 48197-8125
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Michigan, Ypsilanti, MI 48197-5550 $752,000 Sep 2025 6,820 SF
206 Washington, Ypsilanti, MI 48197-2894 $105,000 Jun 2025 7,197 SF
1490 Washtenaw, Ypsilanti, MI 48197-2038 $435,000 Apr 2025 3,440 SF
25 Washington, Ypsilanti, MI 48197-3017 $575,300 Dec 2024 2,972 SF
224 Michigan, Ypsilanti, MI 48197-5565 $930,000 Oct 2024 3,150 SF
731 Cross, Ypsilanti, MI 48197-2503 $1,550,000 Feb 2024 3,395 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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