Entity Owned Property summary
AI-generated overview
This 22,580-square-foot industrial building in Ypsilanti, Michigan, presents a compelling investment opportunity. Situated on 8.7 acres and zoned PMD (Production, Manufacturing, and Distribution), this property boasts 19,200 square feet of warehouse/manufacturing space featuring 30' to 24' ceiling heights, two overhead bay doors (18'H x 16'W and 14'H x 12'W), a mezzanine, and two cranes (15-ton and 10-ton). The 3,340-square-foot office area includes a break room, restrooms, and a new roof (2019). The building benefits from robust infrastructure including 1600 amps, 480-208 volts 3-phase electric service, a 112.5 KVA transformer, one loading dock, a fire suppression system, and HVAC throughout. Additional income streams are generated by two billboards ($43,000 annual revenue) and a cell tower lease ($12,000 annual revenue). Conveniently located near I-94 and US-12, this property offers excellent highway visibility and easy access to major transportation routes in Southeast Michigan, making it ideal for distribution, manufacturing, or warehousing businesses. Built in 1995, this property is vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1995
Total area
19,200 SF
Lot
8.7 ac (378,972 SF)
Zoning code
SPLIT
APN
11-11-37-230-011
UPID
US43-4774059
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
-
Industrial Manufacturer Production Facility
-
Industrial Manufacturer Metal Fabrication Plant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$575k
Owner & transaction history
since 2007
3 recorded transactions
Zoning & alternative use
SPLIT · Ypsilanti, MI
Top alternative use upside
Warehouse, storage
$1.6M
+30.6%
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.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$575k
Value range
$518k – $633k
±10% around blend
Estimated value / SF
$30 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
$518k
blend $575k
$633k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
19,200 SF
Lot area
8.7 ac
Year built
1995
APN
11-11-37-230-011
Zoning
SPLIT
Assessed value
$464,700
Annual tax
$28,687
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.06M
Range $885k – $1.87M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$575k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 41 sales
$65
-54%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $30/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+31%
vs current-use indication
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
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
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: replacement-cost inputs are not on file.
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
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$465k
Move the market yield to see immediate price impact.
Value / SF
$24
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
5.00%7.00%9.00%
$29k
$586k
$418k
$325k
$33k
$651k
$465k
$361k
$36k
$716k
$511k
$398k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$28,687
Tax year 2019
Assessed value
$464,700
Assessed 2024
Previous assessed
$464,600
+0.0% YoY
Effective rate
6.17%
On assessed value
Total market value
$929,400
Applied tax rate
11.0000
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
Off-Market
Year built
1995
Heating
FORCED AIR
Buildings
2
Total area
19,200 SF
Lot
8.7 ac (378,972 SF)
Zoning code
SPLIT
APN
11-11-37-230-011
UPID
US43-4774059
Jurisdiction
WASHTENAW
Zoning & alternative use
SPLIT · Ypsilanti, MIZoning SPLIT · permitted uses
SPLIT · Ypsilanti, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
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
1995
Heating
FORCED AIR
Buildings
2
Lot
8.7 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
SPLIT
Jurisdiction
Ypsilanti, MI
Recorded code
SPLIT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for SPLIT in Ypsilanti, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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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.
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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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