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Property profile & analytics
OFF-MARKET
Distribution centers
719 Ellsworth Rd Ann Arbor, MI 48108-1663
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US43-0936384
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Total area
4,802 SF
Lot
0.44 ac (19,297 SF)
APN
L -12-17-105-005
UPID
US43-0936384
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
-
Al Walk Plumbing Plumbing Service General Contractor
-
Wandres Corporation Factory Industrial Manufacturer
-
Bagel Factory Production Big Box & Wholesale Store
-
New Bath Today Renovation Specialist General Contractor
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
Mr Redman Properties LLC · 4 yrs held
Mr Redman Properties LLC
since 2021
5 recorded transactions
Zoning & alternative use
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 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
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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,421
Tax year 2023
Assessed value
$326,738
Assessed 2024
Previous assessed
$207,000
+57.8% YoY
Effective rate
2.88%
On assessed value
Total market value
$653,476
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1980
Heating
SPACE
Total area
4,802 SF
Lot
0.44 ac (19,297 SF)
APN
L -12-17-105-005
UPID
US43-0936384
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
Building & site characteristics
From public records
Year built
1980
Heating
SPACE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Mr Redman Properties LLC
Entity
Mailing address
5520 W 76TH ST, INDIANAPOLIS, IN 46268-5109
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
—
Mr Redman Properties LLC
Ocp Unit 5 Associates LLC
Deed
$394,400 · Bank Of Springfield
Aug 23, 2019
—
Ocp Unit 5 Associates LLC
Oxford Co LLC
Grant Deed
$247,000 · Bank Of Ann Arbor
May 24, 2005
$294,500
Oxford Co LLC
Oxford Commerce Park Assocs Ll
Warranty Deed
$240,000 · Ann Arbor Commerce Bank
May 24, 2005
$189,000
Oxford Commerce Park Assocs Ll
D B Warehouse
Warranty Deed
—
—
—
Oxford Co LLC
—
Deed Of Trust
related
$185,000 · Bank Of Ann Arbor
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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