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5200 Venture Dr, Ann Arbor, MI 48108
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Property summary
AI-generated overview
This exceptional Ann Arbor industrial property, located at 5200 Venture Dr, 48108, presents a unique investment opportunity. The 25,494 square foot building sits on a spacious 9.48-acre lot in Washtenaw County, zoned for business use. Built in 1985, this two-story structure offers a flexible layout ideal for owner-users. The property features approximately 14,316 square feet of office space and 11,178 square feet of warehouse space. The warehouse boasts a 24-foot ceiling height, one loading dock, a bay door, restrooms, a locker area, a mezzanine, and a robust power supply (1200 AMP, 480 V service). Office amenities include a formal entryway, large open workspace, cafeteria/kitchen, meeting room, several private offices, a conference room, and a spacious open office area overlooking the warehouse. Additional features include common-area restrooms, an elevator, and sprinkler systems in the office areas. Ample parking is available for employees and clients. This property is listed at $3,900,000. The APN is L-12-21-200-031.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
14,316 SF
Lot
9.01 ac (392,476 SF)
APN
L -12-21-200-031
UPID
US43-1248135
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
-
Community Health Centre Health Care Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.20M
Blend (final)
Blend
$1.20M
Owner & transaction history
since 2019
1 recorded transaction
Zoning & alternative use
Top alternative use upside
Retail stores
$1.6M
+37.0%
Warehouse, storage
$1.2M
+1.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.20M
Value range
$1.08M – $1.32M
±10% around blend
Estimated value / SF
$84 / SF
Confidence
Low
4 county-verified comps
Property data
63
Market benchmarks
67
Comparable evidence
40
Income certainty
100
$1.08M
blend $1.20M
$1.32M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
14,316 SF
Lot area
9.01 ac
Year built
1985
APN
L -12-21-200-031
Annual tax
$572
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$572
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.47M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
20.7 mi away · 12,916 SF
22.3 mi away · 10,380 SF
23.0 mi away · 17,140 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.20M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 17 sales
$84
0%
County 41 sales
$65
+29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $84/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+37%
vs current-use indication
Warehouse, Storage
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
Not available
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.03%
Selected cap rate for this industrial properties
Derived from the Ann Arbor market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.03%
9.0%
NOI (est.)
$243k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.03M
Move the market yield to see immediate price impact.
Value / SF
$211
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.53%8.03%8.53%
$219k
$2.90M
$2.72M
$2.56M
$243k
$3.23M
$3.03M
$2.85M
$267k
$3.55M
$3.33M
$3.13M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$625k
20.0 mi · Dec 2025 · $62/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$572
Tax year 2023
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1985
Heating
ZONE
Cooling
AC.CHILLED WATER
Buildings
2
Total area
14,316 SF
Lot
9.01 ac (392,476 SF)
APN
L -12-21-200-031
UPID
US43-1248135
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
ZONE
Cooling
Yes
Buildings
2
Lot
9.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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