New search
Property profile & analytics
OFF-MARKET
Industrial properties
599 Mansfield St, Ypsilanti, MI 48197-5157
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0021781
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
1,500 SF
Lot
4.15 ac (180,774 SF)
Zoning code
PMD
APN
11-11-37-230-012
UPID
US43-0021781
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
-
Sky Fleet Center Auto & Truck Repair Auto Repair Shop
-
Road Hammer Truck & Trailer Repair LLC Auto Repair Shop
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Linde Welding Gas & Equipment Center Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michigan Properties Sp INC · 1 yrs held
Michigan Properties Sp INC
since 2025
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
PMD · Ypsilanti, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ypsilanti submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ypsilanti 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$17,929
Tax year 2019
Assessed value
$265,600
Assessed 2024
Previous assessed
$248,100
+7.1% YoY
Effective rate
6.75%
On assessed value
Total market value
$531,200
Applied tax rate
11.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
AC.PACKAGE
Total area
1,500 SF
Lot
4.15 ac (180,774 SF)
Zoning code
PMD
APN
11-11-37-230-012
UPID
US43-0021781
Jurisdiction
WASHTENAW
Zoning & alternative use
PMD · Ypsilanti, MI
Zoning PMD · permitted uses
PMD · Ypsilanti, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ypsilanti. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Lot
4.15 ac
Current owner
From public records · entity-resolved
Michigan Properties Sp INC
Entity
Mailing address
191 HISCOCK ST, ANN ARBOR, MI 48103-3216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2025
—
Michigan Properties Sp INC
Sky Holdings Group LLC
Deed
—
May 13, 2025
$1,100,000
Sky Holdings Group LLC
Cad Tavern INC
Warranty Deed
—
Oct 17, 2022
—
Sky Holdings Group LLC
Cad Tavern INC
Land Contract
—
Jul 19, 2019
—
Cad Tavern INC
—
Deed
related
$2,923,216 · Fifth Third Bank
Nov 12, 2004
—
Cad Tavern INC
—
Trustees Deed
related
$1,031,250 · Fifth Third Bank
Oct 1, 2004
$975,000
Cad Tavern INC
Yukon Properties Ypsilanti LLC
Grant Deed
$600,000 · Fifth Third Bank
Apr 9, 2004
$740,000
Yukon Properties Ypsilanti LLC
Moving,morse
Grant Deed
$999,100 · Arbor Commercial Mortgage LLC
—
—
Cad Tavern INC
—
Deed Of Trust
related
$2,012,300 · Fifth Third Bank
—
—
Morse Moving
—
Deed Of Trust
related
$4,989,000 · Standard Federal Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 599 Mansfield St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
