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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Office buildings
5400 Data Ct, Ann Arbor, MI 48108-8961
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US43-5249690
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Total area
35,923 SF
Lot
7.11 ac (309,712 SF)
APN
L -12-20-101-008
UPID
US43-5249690
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
Current use
Occupant on record · Public records
-
RealTruck Industrial Manufacturer Production Facility
-
Truck Hero Corporate Office
-
Gator Covers Warehouse & Storage
-
Global Vacation Network Travel Agency
-
TSM Computing Group Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.08M
Blend (final)
Blend
$5.08M
Owner & transaction history
5400 Data Court LLC · 9 yrs held
5400 Data Court LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.1M
+31.5%
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
$5,410,000
Current use
COMMERCIAL (GENERAL)
$7,115,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±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
$141 / 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
$99,957
Tax year 2023
Assessed value
$2,870,453
Assessed 2024
Previous assessed
$2,817,700
+1.9% YoY
Effective rate
3.48%
On assessed value
Total market value
$5,740,906
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
Off-Market
Year built
1999
Heating
OTHER
Cooling
AC.PACKAGE
Total area
35,923 SF
Lot
7.11 ac (309,712 SF)
APN
L -12-20-101-008
UPID
US43-5249690
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
$5.4M
COMMERCIAL (GENERAL)
Est. value
$7.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
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
1999
Heating
OTHER
Cooling
Yes
Lot
7.11 ac
Current owner
From public records · entity-resolved
5400 Data Court LLC
Entity
Mailing address
5400 DATA CT, ANN ARBOR, MI 48108-8961
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
—
5400 Data Court LLC
Parent & Parent LLC
Grant Deed
—
Nov 18, 2004
$450,000
Christopher G Anderson
Arbor Builders LLC
Warranty Deed
$315,000 · Wells Fargo Bank
Mar 31, 2004
$4,850,000
Parent & Parent LLC
Avis Centre Eight LLC
Grant Deed
$3,650,000 · Bank Of Ann Arbor
Jun 2, 1999
—
Avis Centre Eight LLC
Palm Beach Fin'l Ventures INC
Quit Claim Deed
related
$3,210,000 · Great Lakes Nat'l Bank Michiga
Dec 23, 1998
—
Palm Beach Fin'l Ventures INC
—
Grant Deed
related
$3,000,000 · Great Lakes Nat'l Bank Michiga
Oct 8, 1998
—
Palm Beach Financial Ventures
—
Grant Deed
related
$2,100,000 · Great Lakes Nat'l Bank Michiga
May 22, 1998
$6,262,412
Industrial LP First
Avis Centre One LLC
Grant Deed
related
—
May 21, 1998
—
Palm Beach Financial Ventures
Avis Centre Seven L L C
Quit Claim Deed
related
—
—
—
Parent & Parent LLC
—
Loan Modification
related
$3,700,000 · California Cu
—
—
Parent & Parent LLC
—
Deed Of Trust
related
$3,700,000 · California Cu
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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