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Financial
Distress signals
Property profile

625 Avis Dr Ann Arbor, MI 48108

FOR SALE
Office buildings
Property ID
US43-0461571
48,106 SF 10.87 ac lot Built 1988
Last sale Jan 1999 · $3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$121k
Tax billed · 2023
Assessed value · 2024$2.25M
Effective rate5.36%

Value estimate

· Oct 2026
$3.99M
$3.59M – $4.38M
Submarket $/SF estimate$3.98M
NOI build-up
Gross scheduled income$759k
Vacancy & credit loss−$46k
Operating expenses−$250k
NOI · 7.14% cap applied$464k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$151/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$64 – $226

Cap rate analysis

How does the asset earn?
7.14%
$464k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHTENAW

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop11.1
Wholesale Shop10.5
Auto Parts Store10.1

Location

625 Avis Dr Ann Arbor, MI 48108
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2770 Carpenter, Ann Arbor, MI 48108-4104 $1,275,000 Dec 2025 8,120 SF
680 State, Ann Arbor, MI 48108-1646 $1,400,000 Apr 2025 13,796 SF
2750 Carpenter, Ann Arbor, MI 48108-1170 $822,708 Jan 2024 8,528 SF
2650 Carpenter, Ann Arbor, MI 48108-1108 $2,990,000 Dec 2019 16,229 SF
500 Avis, Ann Arbor, MI 48108-9599 $5,700,000 Oct 2019 27,160 SF
1153 Oak Vly, Ann Arbor, MI 48108-8943 $1,280,000 May 2019 12,390 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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