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Property profile & analytics
FOR SALE
Office buildings
5430 Data Ct Ann Arbor, MI 48108
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US43-0936381
For Sale
1 / 81
$11,855,000
5430 Data Ct, Ann Arbor, MI 48108
View Listing →
Property summary
AI-generated overview
Avis Centre XII, located at 5430 Data Ct, Ann Arbor, MI 48108, presents a unique opportunity for businesses seeking premium office space. This single-story building, constructed in 2000, offers a range of traditional and executive office suites, with multiple tenancy options available. The property boasts a total of 4,760 to 29,195 square feet of leasable space, currently offering four available units. The building features ample parking with 535 spaces to accommodate employees and visitors. The design prioritizes both productivity and collaboration, offering modern and flexible floor plans that can be customized to meet individual tenant needs. The state-of-the-art facilities and cutting-edge technology infrastructure provide a dynamic and professional work environment. Situated in a scenic location, Avis Centre XII offers a tranquil setting, enhancing the overall work experience. This property is ideal for businesses seeking a sophisticated and functional workspace in a desirable Ann Arbor location. Contact us today to learn more about the available spaces and to schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
88,657 SF
Lot
14.98 ac (652,529 SF)
APN
L -12-20-101-022
UPID
US43-0936381
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
-
SchoolDoc (Bike/Boat/Book/etc) Store Corporate Office
-
CampDoc (Bike/Boat/Book/etc) Store Corporate Office
-
DocNetwork (Bike/Boat/Book/etc) Store Corporate Office
-
ChildCareDoc (Bike/Boat/Book/etc) Store Corporate Office
-
FIS Computer & Electronic Repair (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.86M
Blend (final)
Blend
$11.86M
Owner & transaction history
Ipanema Avis LLC · 6 yrs held
Ipanema Avis LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.6M
+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
$13,355,000
Current use
COMMERCIAL (GENERAL)
$17,555,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$11.86M
Range $10.67M – $13.04M · ±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
$134 / 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
$373,194
Tax year 2023
Assessed value
$6,699,000
Assessed 2024
Previous assessed
$7,183,900
-6.7% YoY
Effective rate
5.57%
On assessed value
Total market value
$13,398,000
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
For Sale
Year built
2000
Heating
ZONE
Cooling
OTHER
Total area
88,657 SF
Lot
14.98 ac (652,529 SF)
APN
L -12-20-101-022
UPID
US43-0936381
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
$13.4M
COMMERCIAL (GENERAL)
Est. value
$17.6M
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
2000
Heating
ZONE
Cooling
Yes
Lot
14.98 ac
Current owner
From public records · entity-resolved
Ipanema Avis LLC
Entity
Mailing address
5150 N MIAMI AVE, MIAMI, FL 33127-2122
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2025
—
Ipanema Avis LLC
—
Deed
related
$4,750,000 · Standrard Insurance Company
Jan 22, 2020
—
Ipanema Avis LLC
Jpmcc 2006 Ldp6 Avis Centre Xii LLC
Deed
$5,737,000 · The State Bank
Oct 17, 2016
$9,700,000
Jpmcc 2006-ldp6 Avis Centre Xi
Sheriff Of Washtenaw County|tcp-ann Arbor LLC
Trustees Deed
—
Feb 23, 2006
—
Tcp Ann Arbor LLC
Avis Centre Xii LLC
Other
$14,500,000 · Jpmorgan Chase Bank NA
Dec 20, 2002
—
Avis Centre Xii LLC
Avis Centre Twelve LLC
Quit Claim Deed
related
$11,400,000 · Flagstar Bank Fsb
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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