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

    2044 Custer St Monroe, MI 48161

    • Industrial properties
    • 7,670 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 2044 Custer St

    Year built
    1919
    Lot size
    0.58 lot acres
    Property size
    7,670 SF
    Property type
    Industrial properties

    Description

    This exceptional industrial property, located at 2044 S Custer in Monroe, MI, offers a substantial 7,670 square feet of space on a generous 0.58-acre corner lot. Currently housing a thriving business with three month-to-month tenants (one lease expiring October 24th), each paying $700 in monthly rent, this presents a significant investment opportunity. Detailed financial information is available upon execution of a non-disclosure agreement (NDA). The sale includes Lots 19, 20, and 21, encompassing Parcel IDs 581214001800 and 581214001900. This property is ideally suited for automotive-related businesses or those seeking a well-established, multi-tenant industrial space in a prime Monroe location. The property is being sold as-is, where-is. Schedule a showing to explore this lucrative opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4288
    Latitude
    41.9217

    Comparable in this City

    • Value Estimation by Request
      23,488 SF

      25 Monroe St

      Industrial properties • 23,488 SF
      25 Monroe St, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      2,029 SF

      14011 Laplaisance St

      Industrial properties • 2,029 SF
      14011 Laplaisance St, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      123.61 Acres

      3500 Frnt St

      INDUSTRIAL (GENERAL) • 123.61 Acres
      3500 Frnt St, Monroe, MI 48161-1970
      View Details
    • Value Estimation by Request
      97.18 Acres

      14741 Laplaisance Rd

      INDUSTRIAL (GENERAL) • 97.18 Acres
      14741 Laplaisance Rd, Monroe, MI 48161-3873
      View Details
    • Value Estimation by Request
      0.25 Acres

      Smith Rd

      INDUSTRIAL (GENERAL) • 0.25 Acres
      Smith Rd, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      2,500 SF

      3125 Frnt St

      INDUSTRIAL (GENERAL) • 2,500 SF
      3125 Frnt St, Monroe, MI 48161-1983
      View Details

    Similar Nearby for Sale

    • $650,000
      4,285 SF

      Monroe Industrial Building - High Visibility

      Freestanding building, high traffic, long-term lease.
      1000 Monroe St, Monroe, MI 48161
      View Details
    • $325,000
      4,850 SF

      Prime Monroe Industrial Office Building

      Spacious Law Firm Office - Excellent Location
      204 Macomb St, Monroe, MI 48161
      View Details
    • $1,550,000
      6,400 SF

      Prime Monroe Industrial Property

      High-cash-flow industrial & residential
      15213 Dixie Dr, Monroe, MI 48161
      View Details
    • $225,000
      2,748 SF

      Modern Monroe Industrial Building

      Updated Industrial Space - Ready to Go!
      942 3Rd St, Monroe, MI 48161
      View Details
    • Contact for pricing
      15,271 SF

      Monroe Industrial Land - 10.93 Acres

      Large industrial lot, rail access, ample storage.
      1204 3Rd St, Monroe, MI 48161
      View Details
    • $299,900
      2,029 SF

      Monroe Industrial Waterfront Property

      Lake Erie Access, 2000+ sq ft
      14011 Laplaisance St, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • $6,450 /Mo
      8,870 SF

      Monroe Commercial/Industrial Space For Rent

      Well-maintained industrial space with offices, dock, and clear-span storage.
      111 Jones Ave, Monroe, MI 48161
      View Details
    • $4 SF/Yr
      20,000 SF

      Prime Monroe County Industrial Space

      Flexible Space, Excellent Location
      4658 Custer Rd/M-50, Monroe, MI 48161
      View Details
    • $2,500 /Mo
      5,000 SF

      Commercial Warehouse with Office Space

      5000 sq ft commercial warehouse with office in Monroe, MI.
      1052 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $9 SF/Yr
      74,152 SF

      Ann Arbor Retail Center Investment

      Prime Monroe Retail Space Available
      14930 Laplaisance Rd, Monroe, MI 48161
      View Details
    • $1,400 /Mo
      1,176 SF

      Downtown Monroe Office Space Available

      Office space for rent near Courthouse and City/County offices.
      313 S Monroe St, Monroe, MI 48161
      View Details
    • $1,500 /Mo

      Monroe Office or Retail Space

      1,500 SF office/retail space with ample parking.
      2062 S Custer Rd West, Monroe, MI 48161
      View Details
    Request Owner's contact information
    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.
    2044 Custer St
    Monroe, MI 48161
    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
    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

    Google sign-in failed. Please try again or use another login method.