Property profile

512 Hoover Ave Ann Arbor, MI 48103

OFF-MARKET
Commercial real estate
Property ID
US43-1500855
0.14 ac lot Built 1950
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Lot 0.14 ac (6,316 SF)
Zoning code R4C
APN 09-09-32-206-013
UPID US43-1500855

Cap rate & NOI

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

Location

512 Hoover Ave Ann Arbor, MI 48103-5473
Ann Arbor metro Census 400600 ANN ARBOR, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k

Owner & transaction history

since 2015
5 recorded transactions
2015
$541,000
2014
Price N/A
2013
$1.6M
2006
Price N/A
2005
Price N/A

Zoning & alternative use

R4C · Ann Arbor, MI
Zoning description

R4B, R4C, R4D, and R4E Multiple-Family Dwelling Districts A. General Purpose Statement In addition to the types of dwelling units permitted in the R1, R2, R3, and R4A districts, these Multiple-Family Zoning Districts are…

General category CIVIC_INSTITUTIONAL

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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