Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    132 Cole Rd Monroe, MI 48162

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,900

    1,023 SF medical office condo in Monroe, Michigan.

    Property size:
    1,023 SF
    Lot size:
    2.25 Acres

    Property Features for 132 Cole Rd

    General Information

    Size
    1,023 SF
    Lot size
    2.25 Acres

    We can help!

    Listing Contact
    Thomas Fritz
    Thomas Fritz
    Source: Moodyscre

    Listing Agent: Thomas Fritz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Medical Office Condo For Sale

    This 1,023 square foot unit, situated within a medical condo site, is suitable for medical use. The space features three private offices or rooms, a spacious waiting area, and ample storage. The property also includes a basement for additional space. Newer carpet has been installed. The unit benefits from natural light and is move-in ready. It is located in a thriving medical village.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kuras Dental Health ... Dentist Jordan Elliott Dentist Dawn Kuras Dentist Christopher Kimble Dentist Noor Abraham Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.38691
    Latitude
    41.93542

    Nearby Similar for Sale

    • $158,000
      1,757 SF

      Well-Maintained Home Near Local Amenities

      Move-in ready 3-bedroom home with fenced yard and garage.
      412 Winchester St, Monroe, MI 48161
      View Details
    • $2,000,000
      8,000 SF

      Turnkey Supermarket Opportunity on Dixie Hwy

      Profitable, established supermarket business and real estate for sale.
      9875 S Dixie Hwy, Monroe, MI 48133
      View Details
    • $349,900
      Pending

      Monroe Commercial Building on 10 Acres

      4,648 SF commercial building on 10+ acres in Monroe, MI.
      14905 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $160,000
      1,862 SF

      Monroe Duplex: Income Opportunity

      Well-located duplex with two units, ideal for investors.
      321 Cass St, Monroe, MI 48161
      View Details
    • $370,000
      1,700 SF

      Remodeled Farmhouse on 1.52 Acres

      Completely remodeled 4-bedroom farmhouse with outbuildings on 1.52 acres.
      3087 N Dixie Dr, Monroe, MI 48162
      View Details
    • $259,900
      1,390 SF

      Professional Condo with Exam Rooms

      Corner unit with spacious exam rooms and full basement.
      1086 N Monroe St, Monroe, MI 48162
      View Details
    • $259,000
      2,090 SF

      Commercial Building in Prime Location

      High-visibility commercial property with income potential in Monroe, Michigan.
      1090 N Dixie Dr, Monroe, MI 48162
      View Details
    • $450,000
      3,623 SF

      Medical Office on High-Traffic Street

      3,623 SF medical office building with pharmacy tenant.
      1704 S Custer, Monroe, MI 48161
      View Details
    • $799,000
      6,500 SF

      River View Multi-Family Investment

      11-unit multi-family property with river view and income potential.
      708 E Front St, Monroe, MI 48161
      View Details
    • $1,795,000
      26,725 SF

      Telegraph Road Commercial Opportunity

      26,725 SF building on 1.18 acres with high visibility.
      630 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $1,200,000
      1.35 Acres

      Monroe Commercial Property Development Opportunity

      1.3 acre MU-2 zoned property in vibrant retail district.
      227 Stewart Rd, Monroe, MI 48162
      View Details
    • $325,000
      4,850 SF

      Monroe Office Building Near Courthouse

      Well-maintained office building with private offices, conference rooms, and parking.
      204 S Macomb St, Monroe, MI 48161
      View Details

    FAQs

    What type of property is this?
    Medical office - 1,023 SF medical office condo in Monroe, Michigan.
    Where is this medical office located?
    The property is located at 132 Cole Rd Monroe, MI.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: - Located in a thriving medical village.; - Perfect for a medical practice (Medical use only).; - Move-in ready with newer carpet.
    (734) 242-8484
    Request Owner's contact information
    132 Cole Rd Monroe, MI 48162
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    132 Cole Rd
    Monroe, MI 48162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    132 Cole Rd Monroe, MI 48162
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas Fritz
    Thomas Fritz
    (734) 242-8484
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.