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    Property profile & analytics

    555 Platt Rd Milan, MI 48160-9303

    • Flex space
    • 165,904 SF
    • 9.25 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 09, 2021
    Location Intelligence
    Property ID
    US43-1224071
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Flex space

    Property Details for 555 Platt Rd

    Year built
    1994
    Lot size
    9.25 lot acres
    Property size
    165,904 SF
    Property type
    Flex space
    APN
    53-040-233-00
    APU
    5304023300

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milan
    County
    Monroe
    State
    Michigan
    Longitude
    -83.6945
    Latitude
    42.0758
    CBSA code
    33780
    CBSA name
    MONROE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $102,965
    $0.00
    $0.00
    $1,753,400
    -
    $0.00
    $0.00
    $3,506,800

    Comparable in this City

    • Value Estimation by Request
      12,393 SF

      630 County St

      LIGHT INDUSTRIAL • 12,393 SF
      630 County St, Milan, MI 48160-9604
      View Details
    • Value Estimation by Request
      7,025 SF

      10475 Ann Arbor Rd

      LIGHT INDUSTRIAL • 7,025 SF
      10475 Ann Arbor Rd, Milan, MI 48160-9275
      View Details
    • Value Estimation by Request
      25,500 SF

      415 Squires Dr

      LIGHT INDUSTRIAL • 25,500 SF
      415 Squires Dr, Milan, MI 48160-1253
      View Details
    • Value Estimation by Request
      1,225,938 SF

      800 County St

      LIGHT INDUSTRIAL • 1,225,938 SF
      800 County St, Milan, MI 48160-9607
      View Details
    • Value Estimation by Request
      2,560 SF

      617 Platt Rd

      LIGHT INDUSTRIAL • 2,560 SF
      617 Platt Rd, Milan, MI 48160-9304
      View Details
    • Value Estimation by Request
      37,828 SF

      291 Squires Dr

      LIGHT INDUSTRIAL • 37,828 SF
      291 Squires Dr, Milan, MI 48160-1253
      View Details

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    Similar Nearby for Lease

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    555 Platt Rd
    Milan, MI 48160-9303
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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