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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Distribution centers
719 Ellsworth Rd, Ann Arbor, MI 48108-1663
Entity Owned
3-yr Hold
Free & Clear
Property ID
US43-5187378
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1980
Total area
5,608 SF
Lot
0.52 ac (22,564 SF)
APN
L -12-17-105-003
UPID
US43-5187378
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
$570k
Comparable Approach
Comparable
$501k
Blend (final)
Blend
$525k
Owner & transaction history
Premium Motorsports Mi LLC · 3 yrs held
Premium Motorsports Mi LLC
since 2022
Last sale
$535,990
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$845,000
+77.0%
Retail stores
$645,000
+35.2%
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
$500,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$620,000
6.5%
$570,000
7%
$530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$475,000
Current use
OFFICE BUILDING
$845,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$645,000
Change: +35% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$470,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $536k (Sep 6 2022)
Last sale anchor
$536k
Sep 6 2022
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
$94 / 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
$10,955
Tax year 2023
Assessed value
$380,404
Assessed 2024
Previous assessed
$240,700
+58.0% YoY
Effective rate
2.88%
On assessed value
Total market value
$760,808
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
5,608 SF
Lot
0.52 ac (22,564 SF)
APN
L -12-17-105-003
UPID
US43-5187378
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
WAREHOUSE, STORAGE Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$845,000
RETAIL STORES
Est. value
$645,000
INDUSTRIAL (GENERAL)
Est. value
$470,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
INDUSTRIAL (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
1980
Heating
SPACE
Lot
0.52 ac
Current owner
From public records · entity-resolved
Premium Motorsports Mi LLC
Entity
Free & Clear · 3 yrs held
Mailing address
226 W LIBERTY ST, ANN ARBOR, MI 48104-1323
Ownership since
2022
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 6, 2022
—
Premium Motorsports Mi LLC
Premium Mi LLC
Intrafamily Transfer
related
—
Jan 3, 2022
$535,990
Premium Mi LLC
Walk Property Investments LLC
Deed
—
May 24, 2005
$221,000
Oxford Commerce Park Assocs Ll
D B Warehouse
Warranty Deed
—
May 24, 2005
$362,000
Walk Property Investments LLC
Oxford Commerce Park Assocs Ll
Warranty Deed
$119,066 · Oxford Commerce Park Assocs Ll
—
—
Walk Property Investment LLC
—
Deed Of Trust
related
$209,790 · United Bank & Trust Washtenaw
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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