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Property profile & analytics
OFF-MARKET
Estimated value
$2,605,000
Office buildings
709 Ellsworth Rd, Ann Arbor, MI 48108-3371
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-1975383
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
14,544 SF
Lot
1.89 ac (82,328 SF)
APN
L -12-17-100-003
UPID
US43-1975383
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
-
John Avery - State Farm Insurance Agent Insurance Agency
-
The Really Useful Information Company (TRUiC) Media Distribution
-
Everist Health Physician
-
Ann Arbor Team Building Business Management Consultant Educational Consultant
-
VolunteerEnergy Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.61M
Owner & transaction history
Cameron Holdings-ellsworth LLC · 12 yrs held
Cameron Holdings-ellsworth LLC
since 2013
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.9M
+31.5%
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 Ann Arbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ann Arbor 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,190,000
Current use
COMMERCIAL (GENERAL)
$2,880,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$179 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$45,916
Tax year 2023
Assessed value
$1,471,917
Assessed 2024
Previous assessed
$1,601,800
-8.1% YoY
Effective rate
3.12%
On assessed value
Total market value
$2,943,834
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
OTHER
Cooling
AC.PACKAGE
Total area
14,544 SF
Lot
1.89 ac (82,328 SF)
APN
L -12-17-100-003
UPID
US43-1975383
Jurisdiction
WASHTENAW
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
OTHER
Cooling
Yes
Lot
1.89 ac
Current owner
From public records · entity-resolved
Cameron Holdings-ellsworth LLC
Entity
Mailing address
300 N 5TH AVE STE #100, ANN ARBOR, MI 48104-1467
Ownership since
2013
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
Jul 19, 2013
$2,100,000
Cameron Holdings-ellsworth LLC
Anchorage/709 W Ellsworth LLC
Warranty Deed
$1,500,000 · Northstar Bank
Jun 5, 2013
—
At 709 W Ellsworth L Anchorage
—
Trustees Deed
related
$50,000 · Michigan Commerce Bank
Jun 1, 2011
$1,000,000
Anchorage At 709 W Ellsworth LLC
Covington Ellsworth Center LLC
Corporation Deed
$150,000 · Money Source Financial Services INC
Jan 7, 2009
—
Anchorage/709 W Ellsworth LLC
Covington Ellsworth Center LLC
Grant Deed
—
Jun 9, 2005
—
Covington Ellsworth Center LLC
Covington Investments LLC
Quit Claim Deed
—
Apr 9, 2003
$780,000
Covington Investments LLC
Stone,nathan R & Terri L
Grant Deed
$600,000 · Ann Arbor Commerce Bank
Aug 14, 2000
—
Nathan R Stone
Russo,joseph A & Mary
Grant Deed
$320,000 · Ann Arbor Commerce Bank
—
—
At 709 W Ellsworth L Anchorage
—
Deed Of Trust
related
$250,000 · Michigan Commerce Bank
—
—
Anchorage/709 W Ellsworth Lllc
—
Deed Of Trust
related
$925,000 · Michigan Commerce 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.
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