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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Office buildings
717 Ellsworth Rd, Ann Arbor, MI 48108-3343
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5231115
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
3,800 SF
Lot
3.05 ac (132,858 SF)
APN
L -12-17-100-005
UPID
US43-5231115
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
-
NATIONWIDE REALTY Real Estate Agency
-
FIZGIG WORKSHOPS Artist
-
AIRDUCT CLEAN HVAC Service
-
Huron Net Works Factory Industrial Manufacturer
-
RNA Janitorial General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$860k
Owner & transaction history
Sosa Properties LLC · 5 yrs held
Sosa Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+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
$570,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +31% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$226 / 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
$24,720
Tax year 2023
Assessed value
$602,649
Assessed 2024
Previous assessed
$756,800
-20.4% YoY
Effective rate
4.10%
On assessed value
Total market value
$1,205,298
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
1978
Heating
OTHER
Cooling
AC.PACKAGE
Buildings
3
Total area
3,800 SF
Lot
3.05 ac (132,858 SF)
APN
L -12-17-100-005
UPID
US43-5231115
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
$570,000
COMMERCIAL (GENERAL)
Est. value
$755,000
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
1978
Heating
OTHER
Cooling
Yes
Buildings
3
Lot
3.05 ac
Current owner
From public records · entity-resolved
Sosa Properties LLC
Entity
Mailing address
1412 MORNING MIST, MOUNT PLEASANT, MI 48858-7006
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 9, 2020
$850,000
Sosa Properties LLC
Seritage Kmt Finance LLC
Grant Deed
—
Sep 28, 2015
$1,225,000
Vassar Real Estate LLC
Shy Rentals LLC
Warranty Deed
—
Sep 24, 2004
$621,000
Shy Rentals LLC
Bank Of Ann Arbor
Warranty Deed
$450,000 · Fifth Third Bank Eastern Mi
Dec 11, 2003
$412,500
Bank Of Ann Arbor
Dunn Electric Co
Trustees Deed
related
—
—
—
Shy Rentals LLC
—
Deed Of Trust
related
$100,000 · Comerica Bk
—
—
Vassar Real Estate LLC
—
Deed Of Trust
related
$918,750 · Commercial Bk
—
—
Shy Rentals LLC
—
Deed Of Trust
related
$382,558 · Pnc Bank
—
—
Shy Rentals LLC
—
Deed Of Trust
related
$446,000 · Ann Arbor Commerce Bank
—
—
Shy Rentals LLC
—
Deed Of Trust
related
$250,000 · Norman Shy
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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