Six-Property NNN
For Sale
Contact for pricing
14576 S Dixie Hwy, Monroe, MI 48161
Fully occupied commercial portfolio with single- and multi-tenant buildings under NNN lease structures across Ohio and Michigan.
Property Size21,618 SF
Price / SF$226.66
Days on Market75
Property Features for 14576 S Dixie Hwy
General Information
Standard status
Active
Size
21,618 SF
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Stabilized
Building Details
Buildings
6
Tenancy
Multi
Listing Agency:
SVN Ascension Commercial Realty
(419) 351-4918
Listed By:
Mike Scannell · License #OH 292744
Source:
Crexi
Added: Jun 18
Changed: Aug 29
Last Checked: Aug 31 at 7:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Ascension Commercial Realty
Investment Insights
Based on property information with market context.
This six-property commercial portfolio includes five single-tenant buildings and one multi-tenant building. All properties are fully occupied and operate under NNN lease structures. PT Link serves as the primary tenant across the portfolio, with biennial rent increases incorporated into the leases.
The properties are distributed across Toledo, Fostoria, Carey, and New Carlisle in Ohio, along with Tecumseh and Monroe in Michigan. The Monroe asset is located at 14576 S Dixie Hwy, Monroe, MI 48161. Together, the portfolio provides an established group of commercial properties with consistent tenant presence across Northwest Ohio and Southeast Michigan markets.
The properties are distributed across Toledo, Fostoria, Carey, and New Carlisle in Ohio, along with Tecumseh and Monroe in Michigan. The Monroe asset is located at 14576 S Dixie Hwy, Monroe, MI 48161. Together, the portfolio provides an established group of commercial properties with consistent tenant presence across Northwest Ohio and Southeast Michigan markets.
Key Highlights
- Six‑property commercial portfolio spanning Ohio and Michigan
- 100% occupied across the portfolio
- Five single‑tenant buildings and one multi‑tenant building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$240,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,804,900
$4.8M
Cap Rate 7%
$3,432,071
$3.4M
Cap Rate 9%
$2,669,389
$2.7M
Market Conditions
NOI Build-Up for 21,618 SF
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.
Gross rent
$381.3K $17.64/SF
− Vacancy
−$61.0K −$2.82/SF
EGI
$320.3K $14.82/SF
− OpEx
−$80.1K −$3.70/SF
NOI
$240.2K $11.11/SF
Area
Monroe County, MI
Vacancy
16.00%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,804,900
Cap Rate 7%
$3,432,071
Cap Rate 9%
$2,669,389
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $240,245 @ 7.0% cap · market cap 4.90%
Second Best
Healthcare Medical
$2.50M
$2.19M – $2.92M
NOI $175,106 @ 7.0% cap · market cap 3.57%
Theoretical Best
Warehouse
$22.30M
$19.51M – $26.01M
NOI $1,560,736 @ 7.0% cap · market cap 31.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 48161, MI
26,571
Population
12,015
Households
2.2
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
44.8 sq mi
ZIP Area
593
Density / Sq Mi
$65,517
Median Household Income
$40,184
Median Earnings
$955
Median Rent
$173,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fully occupied commercial portfolio with single- and multi-tenant buildings under NNN lease structures across Ohio and Michigan.
Where is this nnn property located?
The property is located at 14576 S Dixie Hwy Monroe, MI.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Six‑property commercial portfolio spanning Ohio and Michigan; 100% occupied across the portfolio; Five single‑tenant buildings and one multi‑tenant building
