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Property profile & analytics
OFF-MARKET
Estimated value
$2,980,000
Manufacturing properties
5075 Venture Dr, Ann Arbor, MI 48108-9561
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1628723
Property summary
AI-generated overview
This exceptional 32,352-square-foot warehouse, located at 5075 Venture Drive in Ann Arbor, Michigan, presents a significant opportunity for industrial businesses. The property sits on a 7-acre lot and boasts a single-story design, built in 1986. The entire space is currently vacant, offering immediate occupancy for a new tenant. The building is classified as Class C and features ample parking with 62 spaces available. Power is provided by a robust 600 AMP, 480-volt system, suitable for various industrial applications. The zoning designation is BD Business, allowing for a range of permitted uses. The property's address is 5075 Venture Drive, Ann Arbor, MI 48108, and its parcel number is L-12-21-200-016 within Washtenaw County. This freestanding structure offers significant potential for businesses seeking a substantial and readily available warehouse space in a prime Ann Arbor location. The property's size and features make it suitable for a variety of industrial uses. The large lot size provides ample room for expansion or outdoor storage. The property is ready for immediate occupancy.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Total area
32,352 SF
Lot
7 ac (304,920 SF)
APN
L -12-21-200-016
UPID
US43-1628723
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
$2.98M
Blend (final)
Blend
$2.98M
Owner & transaction history
5209 Venture Drive LLC · 7 yrs held
5209 Venture Drive LLC
since 2019
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+79.3%
Retail stores
$3.7M
+37.0%
Warehouse, storage
$2.8M
+1.3%
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
INDUSTRIAL (GENERAL)
$2,715,000
Current use
OFFICE BUILDING
$4,875,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$3,720,000
Change: +37% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,755,000
Change: +1% · Conversion: Easy
Blend value · Realmo final
$2.98M
Range $2.68M – $3.28M · ±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
$92 / 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
$55,001
Tax year 2023
Assessed value
$984,781
Assessed 2024
Previous assessed
$954,100
+3.2% YoY
Effective rate
5.59%
On assessed value
Total market value
$1,969,562
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1986
Heating
SPACE
Total area
32,352 SF
Lot
7 ac (304,920 SF)
APN
L -12-21-200-016
UPID
US43-1628723
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
INDUSTRIAL (GENERAL) Current
Est. value
$2.7M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
1986
Heating
SPACE
Lot
7 ac
Current owner
From public records · entity-resolved
5209 Venture Drive LLC
Entity
Free & Clear · 7 yrs held
Mailing address
5111 VENTURE DR STE #3, ANN ARBOR, MI 48108-5928
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2019
—
5209 Venture Drive LLC
Pondview Properties LLC
Warranty Deed
related
—
Jul 31, 2012
$1,550,000
Pondview Properties LLC
Hyundai America Technical
Warranty Deed
—
—
—
America Hyundai Technical
—
Deed Of Trust
related
$2,500,000 · Comerica Bank
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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