Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7373 Bluebush Rd Monroe, MI 48162

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7373 Bluebush Rd Monroe, MI 48162

    View on Map
    • Commercial real estate
    • 1.00 lot acres
    For Sale
    $275,000
    View Listing →
    Monroe Commercial Property - Prime Location For Sale
    $275,000

    Monroe Commercial Property - Prime Location

    Charming storefront, ample parking, high visibility.

    7373 Bluebush Rd, Monroe, MI 48162
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Independent Dairy Inc / Party Supply Store / (Bike/Boat/Book/etc) Store

    Property Details for 7373 Bluebush Rd

    Year built
    1979
    Lot size
    1.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 7373 Bluebush in Monroe, Michigan, presents a fantastic opportunity for a variety of businesses. Situated on a one-acre lot, this general commercial building boasts a highly desirable location, easily accessible from surrounding neighborhoods. The property features a beautifully maintained exterior, creating strong curb appeal and a welcoming atmosphere for potential customers. The well-lit storefront ensures excellent visibility, attracting attention from passersby. Ample parking is available, providing convenient access for customers and employees alike. The interior space is ready for immediate occupancy and customization to suit the needs of a new tenant. The building's charming character and convenient location make it an ideal choice for businesses seeking a strong presence in a thriving community. This property offers a unique blend of aesthetic appeal and practical functionality, making it a truly exceptional investment opportunity. The asking price is $275,000. Serious inquiries are encouraged to explore this promising commercial venture. The square footage will be provided upon request.

    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
    -83.5054
    Latitude
    42.0011

    Comparable in this City

    • Value Estimation by Request
      1.50 Acres

      2406 Telegraph Rd

      Land • 1.50 Acres
      2406 Telegraph Rd, Monroe, MI 48162
      View Details
    • Value Estimation by Request
      2.00 Acres

      2845 Telegraph Rd

      Land • 2.00 Acres
      2845 Telegraph Rd, Monroe, MI 48162
      View Details
    • Value Estimation by Request
      3.90 Acres

      2393 Monroe St

      COMMERCIAL (GENERAL) • 3.90 Acres
      2393 Monroe St, Monroe, MI 48162-4217
      View Details
    • Value Estimation by Request

      6940 Monroe St

      COMMERCIAL (GENERAL)
      6940 Monroe St, Monroe, MI 48162-9463
      View Details
    • Value Estimation by Request
      1.14 Acres

      2535 Monroe St

      COMMERCIAL (GENERAL) • 1.14 Acres
      2535 Monroe St, Monroe, MI 48162-4207
      View Details
    • Value Estimation by Request

      8 Monroe St

      COMMERCIAL (GENERAL)
      8 Monroe St, Monroe, MI 48162-2619
      View Details

    Similar Nearby for Sale

    • $375,000
      0.49 Acres

      Monroe Commercial Property: Prime Location

      High-value commercial property, ideal for investors.
      Monroe St, Monroe, MI 48162
      View Details
    • $275,000
      1.00 Acre

      Monroe Commercial Property - Prime Location

      Charming storefront, ample parking, high visibility.
      7373 Bluebush Rd, Monroe, MI 48162
      View Details
    • $650,000
      3,983 SF

      Versatile Commercial Building on Corner Lot

      Office, retail, or mixed-use building in high-traffic area.
      1110 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $249,900
      6.23 Acres

      Monroe Vacant Commercial Land

      6.2 acres of commercial land with road frontage.
      Monroe, MI 48162
      View Details
    • $230,803
      2.20 Acres

      Vacant Land in Frenchtown Business

      Located in Frenchtown Business Park, suitable for various commercial uses.
      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

    Similar Nearby for Lease

    • $15 SF/Yr
      1,263 SF

      Retail Space in Hampton Plaza

      Retail space available for lease in Hampton Plaza.
      1337 N Telegraph Rd, Monroe, MI 48162
      View Details
    • Contact for pricing
      44,800 SF

      Monroe Industrial Facility For Lease

      Well-maintained industrial facility in Monroe's established industrial corridor.
      550 Ternes Dr, Monroe, MI 48162
      View Details
    • Contact for pricing

      Monroe Commercial Property For Rent

      Commercial property available for rent in Monroe, Michigan.
      2511 N Telegraph Rd, Monroe, MI 48162
      View Details
    • Contact for pricing

      Prime Commercial Land Available

      1.91 acres on N Telegraph Road for lease/sale.
      1811 North Telegraph Rd, Monroe, MI 48162
      View Details
    View Listing
    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.
    7373 Bluebush 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
    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.
    Sign Up Successful!
    You now have access to more from Realmo!