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    Monroe Commercial Property For Sale Title is generated by Realmo AI

    127/129 Bentley Drive, Monroe, MI 48162

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    For Sale
    $175,000

    COMMERCIAL - Monroe, MI

    Property size:
    1,115 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $156/SF
    Added:
    May 29, 2026
    Days on Market:
    3
    Last Refresh:
    May 31 at 8:06 am

    Property Features for 127/129 Bentley Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,115 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3024

    Utilities

    Water source
    Public

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Erika Baehr

    Listing agent Erika Baehr License #6501332078

    Listing office Coldwell Banker Haynes R.E. in Monroe 15489 S Telegraph Rd., MI

    Listing date May 29, 2026

    MLS# 50209550

    Copyright © 2026 Southeastern Border Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Immediate rental income from two fully occupied retail units (beauty salons).
    • Strategically located off Telegraph Road, a high‑traffic commercial corridor.
    • Exceptional visibility and convenient access to retail, dining, and services.
    • Opportunity for owner‑occupancy with tenant income to offset costs.
    • Private parking for tenants and customers.
    • Stable occupancy in a thriving commercial district.

    Overview

    This well-maintained commercial property features two fully occupied retail units, both leased to established beauty salon businesses, providing immediate rental income. Alternatively, the property could be owner-occupied with a tenant to supplement the investment. The property is strategically located just off Telegraph Road, a highly traveled corridor, and benefits from exceptional visibility, strong traffic counts, and convenient access to major retail, dining, and service destinations throughout Monroe County. The Telegraph corridor is recognized as one of the area's primary commercial thoroughfares with significant daily vehicle exposure. The property offers private parking for tenants and customers, making it an attractive destination for service-oriented businesses. The property is situated on a lot of 0.14 acres and includes 1115 square feet of space. With stable occupancy, a desirable multi-tenant layout, and a proven location in a thriving commercial district, this asset presents an excellent opportunity for investors.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $16.7k $15.00
    − Vacancy −$1.4k −$1.28
    EGI $15.3k $13.73
    − OpEx −$4.6k −$4.12
    NOI $10.7k $9.61
    1,115 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $153.0K
    $133.9K – $178.5K (±1% cap)
    NOI $10,712 @ 7.0% cap · market cap 6.12%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,499 @ 7.0% cap · market cap 46.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Staelgraeve Brothers — 559 N Telegraph Rd, Monroe, MI 48162

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4125727
    Latitude
    41.9245386

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    FAQs

    What type of property is this?
    Storefront property - Well-maintained commercial property with two fully occupied retail units.
    Where is this storefront property located?
    The property is located at 127/129 Bentley Drive Monroe, MI.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Immediate rental income from two fully occupied retail units (beauty salons).; Strategically located off Telegraph Road, a high‑traffic commercial corridor.; Exceptional visibility and convenient access to retail, dining, and services.
    (734) 735-0937
    We can help!
    Listing Contact
    Erika Baehr
    Real Estate License ID: 6501332078
    Request Owner's contact information
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    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.

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