REGIONAL SHOPPING CENTER Cost Card for 10121864

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/27/2025 7:40 PM

SITE ADDRESS

20350 SUMMERLIN RD

OWNER'S NAME

BELL TOWER CAMPUS INN LIMITED

OWNER'S ADDRESS

300 S THAYER ST
ANN ARBOR MI 48104

PROPERTY DESCRIPTION

PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394

DOR CODE	15 - REGIONAL SHOPPING CENTER
NBHD CODE	59-201.0 MCGREGOR / SUMMERLIN

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	26	VINYL/ALUMINUM SIDING
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	14	CARPET
INTERIOR FLOOR	0	NONE
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM	SPRINK	41.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	1993	64,066	100	64,066	0
FINISHED OPEN PORCH	1993	17,310	30	5,193	0
RESTAURANT - AVERAGE	1993	4,934	110	5,427	0
STOOP	1993	480	10	48	0












TOTALS		86,790		74,734	0

E X T R A F E A T U R E S

LINE	CODE	DESCRIPTION	LENGTH	WIDTH	UNITS	UNIT PRICE	PCT COND	L/B	YEAR	AMN DEPR	DEPR ADJ	CAP FLAG	COST
1	BLK TOP	BLACK TOP - IMPROVED	0.00	0.00	467342.00	4.00	1.00	L	1993	2.00	0.60	-	0
2	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	83305.00	2.40	1.00	B	1993	2.00	0.60	-	0
3	WALL CB	WALL - CONCRETE BLOCK	922.00	6.00	5532.00	14.15	1.00	L	1993	2.00	0.60	-	0
4	SLAB	SLAB - CONCRETE	0.00	0.00	1960.00	6.93	1.00	L	1993	2.00	0.60	-	0
5	WALL DC	WALL - DECORATIVE - C.B.S.	0.00	0.00	2880.00	18.92	1.00	L	1993	2.00	0.60	-	0
6	GAR F	GARAGE - FRAME	25.00	25.00	625.00	32.25	1.00	B	1993	2.00	0.60	-	0
7	OHDOR S	OVERHEAD DOOR - SMALL LESS THAN 10X10	0.00	0.00	1.00	900.00	1.00	B	1993	2.00	0.60	-	0




TOTAL OF EXTRA FEATURE VALUES													0

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1500

REGIONL SH CTR

CC

0

1.00

0

20.00

1,007,543.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

20,150,860

FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000

CARD 1 of 5

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.81	155.09	125.62	74,734	9,388,085	45%	4,224,638

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE
2016000008969	1/12/2016	01	01	I	26,000,000
2993/3829	7/31/1998	06	06	I	27,650,000
2314/394	7/1/1992	02	02	V	3,200,000
1602/232	4/1/1982	02	02	V	1,056,000

VALUE SUMMARY	2024	2023
BUILDING COST VALUE	*	*
BUILDING EXTRA FEATURES	*	*
LAND EXTRA FEATURES	*	*
LAND VALUE	*	*
COST APPROACH VALUE	*	*
INCOME APPROACH VALUE	*	*
SALES APPROACH VALUE	*	*
MARKET VALUE	20,150,870	20,150,870

* The Approaches to value on this parcel are incomplete or not applicable due to age or parcel type.

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/27/2025 7:40 PM

SITE ADDRESS

20350 SUMMERLIN RD

OWNER'S NAME

BELL TOWER CAMPUS INN LIMITED

OWNER'S ADDRESS

300 S THAYER ST
ANN ARBOR MI 48104

PROPERTY DESCRIPTION

PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394

DOR CODE	15 - REGIONAL SHOPPING CENTER
NBHD CODE	59-201.0 MCGREGOR / SUMMERLIN

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	26	VINYL/ALUMINUM SIDING
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	11	CERAMIC CLAY TILE
INTERIOR FLOOR	14	CARPET
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM	SPRINK	71.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	1993	63,114	100	63,114	0
FINISHED OPEN PORCH	1993	16,296	30	4,889	0
STOOP	1993	719	10	72	0













TOTALS		80,129		68,075	0

E X T R A F E A T U R E S

LINE	CODE	DESCRIPTION	LENGTH	WIDTH	UNITS	UNIT PRICE	PCT COND	L/B	YEAR	AMN DEPR	DEPR ADJ	CAP FLAG	COST
1	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	76334.00	2.40	1.00	B	1993	2.00	0.60	-	0










TOTAL OF EXTRA FEATURE VALUES													0

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1500

REGIONL SH CTR

CC

0

1.00

0

20.00

1,007,543.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

20,150,860

FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000

CARD 2 of 5

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.88	155.09	136.48	68,075	9,290,876	60%	5,574,526

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/27/2025 7:40 PM

SITE ADDRESS

20350 SUMMERLIN RD

OWNER'S NAME

BELL TOWER CAMPUS INN LIMITED

OWNER'S ADDRESS

300 S THAYER ST
ANN ARBOR MI 48104

PROPERTY DESCRIPTION

PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394

DOR CODE	15 - REGIONAL SHOPPING CENTER
NBHD CODE	59-201.0 MCGREGOR / SUMMERLIN

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	26	VINYL/ALUMINUM SIDING
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	14	CARPET
INTERIOR FLOOR	0	NONE
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM	SPRINK	21.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	1993	45,080	100	45,080	0
FINISHED OPEN PORCH	1993	6,796	30	2,039	0
STOOP	1993	4,048	10	405	0













TOTALS		55,924		47,524	0

E X T R A F E A T U R E S

LINE	CODE	DESCRIPTION	LENGTH	WIDTH	UNITS	UNIT PRICE	PCT COND	L/B	YEAR	AMN DEPR	DEPR ADJ	CAP FLAG	COST
1	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	51925.00	2.40	1.00	B	1993	2.00	0.60	-	0










TOTAL OF EXTRA FEATURE VALUES													0

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1500

REGIONL SH CTR

CC

0

1.00

0

20.00

1,007,543.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

20,150,860

FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000

CARD 3 of 5

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.80	155.09	124.07	47,524	5,896,303	60%	3,537,782

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/27/2025 7:40 PM

SITE ADDRESS

20350 SUMMERLIN RD

OWNER'S NAME

BELL TOWER CAMPUS INN LIMITED

OWNER'S ADDRESS

300 S THAYER ST
ANN ARBOR MI 48104

PROPERTY DESCRIPTION

PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394

DOR CODE	15 - REGIONAL SHOPPING CENTER
NBHD CODE	59-201.0 MCGREGOR / SUMMERLIN

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	26	VINYL/ALUMINUM SIDING
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	12	HARDWOOD
INTERIOR FLOOR	0	NONE
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM	SPRINK	43.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	1993	12,856	100	12,856	0
FINISHED OPEN PORCH	1993	3,707	30	1,112	0
FINISHED UTILITY	1993	377	50	189	0
STOOP	1993	370	10	38	0












TOTALS		17,310		14,195	0

E X T R A F E A T U R E S

LINE	CODE	DESCRIPTION	LENGTH	WIDTH	UNITS	UNIT PRICE	PCT COND	L/B	YEAR	AMN DEPR	DEPR ADJ	CAP FLAG	COST
1	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	16660.00	2.40	1.00	B	1993	2.00	0.60	-	0










TOTAL OF EXTRA FEATURE VALUES													0

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1500

REGIONL SH CTR

CC

0

1.00

0

20.00

1,007,543.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

20,150,860

FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000

CARD 4 of 5

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.86	155.09	133.38	14,195	1,893,329	60%	1,135,997

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023

LEE COUNTY PROPERTY APPRAISER 2024 Tax Roll GENERATED ON 5/27/2025 7:40 PM

SITE ADDRESS

20350 SUMMERLIN RD

OWNER'S NAME

BELL TOWER CAMPUS INN LIMITED

OWNER'S ADDRESS

300 S THAYER ST
ANN ARBOR MI 48104

PROPERTY DESCRIPTION

PARL IN NW 1/4 OF SEC 11 +
SE + SW 1/4 OF SEC 02 DESC
OR 2314 PG 0394

DOR CODE	15 - REGIONAL SHOPPING CENTER
NBHD CODE	59-201.0 MCGREGOR / SUMMERLIN

BUILDING CHARACTERISTICS

ELEMENT CODE TYPE / DESCRIPTION / VALUE

STORIES		1.0
BEDROOMS		0
BATHROOMS		0
EXTERIOR WALL	26	VINYL/ALUMINUM SIDING
EXTERIOR WALL	0	NONE
ROOF STRUCTURE	9	RIGID FRAME W/BAR
ROOF COVER	12	MODULAR METAL\SHINGLE
INTERIOR WALL	5	DRYWALL
INTERIOR WALL	0	NONE
INTERIOR FLOOR	11	CERAMIC CLAY TILE
INTERIOR FLOOR	14	CARPET
HEATING FUEL	4	ELECTRIC
HEATING TYPE	4	FORCED AIR-DUCTED
AC TYPE	4	ROOF TOP
QUALITY	4.0000	ABOVE AVERAGE
INDOOR SPRINKLER SYSTEM	SPRINK	94.00

BUILDING SUBAREA DETAIL

AREA TYPE YEAR BUILT GROSS AREA PCT BASE ADJ AREA CAP COST

BASE	1999	13,064	100	13,064	0
FINISHED OPEN PORCH	1999	2,484	30	745	0
STOOP	1999	60	10	6	0













TOTALS		15,608		13,815	0

E X T R A F E A T U R E S

LINE	CODE	DESCRIPTION	LENGTH	WIDTH	UNITS	UNIT PRICE	PCT COND	L/B	YEAR	AMN DEPR	DEPR ADJ	CAP FLAG	COST
1	SLAB	SLAB - CONCRETE	15.00	20.00	300.00	6.93	1.00	L	1999	2.00	0.60	-	0
2	FENCE A	FENCE - WOOD STOCKADE	70.00	8.00	560.00	4.25	1.00	L	1999	10.00	0.60	-	0
3	SPKLR	SPRINKLER SYSTEM (INTERIOR)	0.00	0.00	13064.00	2.40	1.00	B	1999	2.00	0.60	-	0








TOTAL OF EXTRA FEATURE VALUES													0

L A N D

LINE

CODE

DESCRIPTION

ZONING

FRONT

DEPTH

DF

CF

TYPE

UNIT PRICE

UNITS

UT

TOTAL ADJ

CAP

EVAL NOTES

1

1500

REGIONL SH CTR

CC

0

1.00

0

20.00

1,007,543.00

SF

1.00

-

RB

TOTAL OF LAND LINE VALUES

20,150,860

FOLIO ID: 10121864 STRAP: 02-46-23-00-00012.0000

CARD 5 of 5

STRUCT INDEX	BASE RATE	EFF BASE RATE	EFF AREA	RCN	REMAINING WORTH	COST VALUE
0.92	155.09	142.68	13,815	1,971,124	60%	1,182,675

IMP TYPE

39 - Shopping Center - Community

MODEL

4 - COMMERCIAL

FLOOR 1

BOOK/PAGE OR INSTRUMENT	DATE	TYPE INST	OVR CODE	V I	SALE PRICE

VALUE SUMMARY	2024	2023