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Property profile & analytics
OFF-MARKET
Commercial land
Arkona Rd, Milan, MI 48160
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1879851
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
31.47 ac (1,370,833 SF)
Zoning code
R3-M-PUD
APN
19-19-26-400-008
UPID
US43-1879851
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
Kis Land Co LLC · 12 yrs held
Kis Land Co LLC
since 2013
5 recorded transactions
Zoning & alternative use
R3-M-PUD · Milan, MI
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 Milan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milan 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 2021Property tax & assessments
Tax year 2021
Tax billed
$7,581
Tax year 2021
Assessed value
$122,700
Assessed 2024
Previous assessed
$126,400
-2.9% YoY
Effective rate
6.18%
On assessed value
Total market value
$245,400
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Off-Market
Heating
NONE
Lot
31.47 ac (1,370,833 SF)
Zoning code
R3-M-PUD
APN
19-19-26-400-008
UPID
US43-1879851
Jurisdiction
WASHTENAW
Zoning & alternative use
R3-M-PUD · Milan, MI
Zoning R3-M-PUD · permitted uses
R3-M-PUD · Milan, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milan. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
31.47 ac
Current owner
From public records · entity-resolved
Kis Land Co LLC
Entity
Free & Clear · 12 yrs held
Mailing address
18 HEATHERIDGE ST, ANN ARBOR, MI 48104-2757
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2013
—
Kis Land Co LLC
Shunnar,ibraheem
Quit Claim Deed
related
—
Dec 21, 2010
—
Srb Svcng LLC
Uptown Village Ltd
Deed In Lieu Of Foreclosure
related
—
Nov 22, 2010
—
Kareem I Shunnar
Mcclary,catherine
Quit Claim Deed
related
—
Mar 28, 2005
—
Uptown Village Ltd
—
Grant Deed
related
$6,082,500 · Fifth Third Bank
—
—
Uptown Village Ltd
—
Deed Of Trust
related
$5,500,000 · Fifth Third 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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