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Property profile & analytics
FOR SALE
Commercial land
890 Avis Dr Ann Arbor, MI 48108
Entity Owned
3-yr Hold
Property ID
US43-0541403
For Sale
1 / 12
$499,000
890 Avis Dr, Ann Arbor, MI 48108
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
3.85 ac (167,706 SF)
APN
L -12-20-101-017
UPID
US43-0541403
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
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
Schloss LLC · 3 yrs held
Schloss LLC
since 2023
Last sale
$450,000
7 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
$13,539
Tax year 2023
Assessed value
$257,048
Assessed 2024
Previous assessed
$235,200
+9.3% YoY
Effective rate
5.27%
On assessed value
Total market value
$514,096
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
3.85 ac (167,706 SF)
APN
L -12-20-101-017
UPID
US43-0541403
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
Heating
NONE
Lot
3.85 ac
Current owner
From public records · entity-resolved
Schloss LLC
Entity
Mailing address
5597 LOHR RD, ANN ARBOR, MI 48108
Ownership since
2023
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
Mar 27, 2023
$450,000
Schloss LLC
Avis Three LLC
Deed
$300,000 · Jerry L Helmer Etux
Apr 19, 2013
$161,700
Avis Three LLC
Avis Centre Seventeen LLC
Warranty Deed
—
Dec 12, 2006
—
Avis Centre Seventeen LLC
Avis Park LLC
Quit Claim Deed
related
—
Oct 6, 1999
—
Avis Centre Five LLC
—
Grant Deed
related
$4,260,000 · Great Lakes Nat'l Bank Michiga
Jun 2, 1999
—
Avis Centre Five LLC
—
Grant Deed
related
$3,210,000 · Great Lakes Nat'l Bank Michiga
Apr 30, 1999
—
Avis Centre Five LLC
Palm Beach Fin'l Ventures INC
Quit Claim Deed
related
—
Dec 23, 1998
—
Palm Beach Fin'l Ventures INC
—
Grant Deed
related
$3,000,000 · Great Lakes Nat'l Bank Michiga
Oct 8, 1998
—
Palm Beach Financial Ventures
—
Grant Deed
related
$2,100,000 · Great Lakes Nat'l Bank Michiga
—
—
Avis Park LLC
—
Deed Of Trust
related
$10,900 · Tcf National 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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