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    FOR SALE
    Office buildings

    625 Avis Dr, Ann Arbor, MI 48108

    48,106 SF 10.87 ac lot Built 1988
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-0461571
    Property summary
    AI-generated overview

    This exceptional 48,673-square-foot research and development facility at 625 Avis Drive is available for lease. The property offers a flexible layout, with a minimum divisible space of 16,000 square feet and the potential to lease the entire 48,673 square feet contiguously. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant or multiple tenants. Situated on a generous 10.87-acre lot, the property boasts 2.5 acres of vacant land, allowing for future expansion. The building features a beautiful auditorium, a full kitchen and cafeteria, and ample parking. Its strategic location provides quick access to I-94 and US-23, enhancing logistical efficiency. The property is equipped with a robust electrical system (1600 Amps, 480 Volt) and a backup emergency generator, ensuring business continuity. The serene setting, nestled in a gorgeous wooded area on a lake, offers a tranquil and productive work environment. The asking price for the entire property is $6,500,000. This property is ideal for a company seeking a large, well-equipped, and conveniently located R&D facility.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1988
    Total area 48,106 SF
    Lot 10.87 ac (473,497 SF)
    APN L -12-20-100-006
    UPID US43-0461571
    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
    • American Customer Satisfaction Business Management Consultant
    • CSat Investment Advisory Consultant
    • Reliable Appliance Repair Home Appliance Store
    • A CSI LLC Business Management Consultant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.98M
    Blend (final) Blend
    $3.99M
    Owner & transaction history
    625 Avis LLC · 5 yrs held
    625 Avis LLC
    since 2021
    7 recorded transactions
    2021
    2003
    1999
    $3.8M
    1995
    $2.8M
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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