Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    15213 Dixie Dr Monroe, MI 48161

    Property Lookup

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

    15213 Dixie Dr Monroe, MI 48161

    View on Map
    • Industrial properties
    • 6,400 SF
    • 10.17 lot acres
    For Sale
    $1,550,000
    View Listing →
    Prime Monroe Industrial Property For Sale
    $1,550,000
    6,400 SF

    Prime Monroe Industrial Property

    High-cash-flow industrial & residential

    15213 Dixie Dr, Monroe, MI 48161
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 15213 Dixie Dr

    Year built
    1950
    Lot size
    10.17 lot acres
    Property size
    6,400 SF
    Property type
    Industrial properties

    Description

    This exceptional 23-acre property in Monroe, MI, presents a lucrative investment opportunity. The main offering is a 6,400 square foot industrial building currently leased to a landscaping company, generating immediate cash flow. The property boasts ample parking with space for 16 vehicles. Adding to the investment potential is an adjacent residential property, also generating rental income, featuring recent upgrades including a new furnace, plumbing, and flooring. Beyond the existing structures, this property includes 10.17 acres of vacant land with multiple access points, ideal for future development or expansion. The remaining acreage comprises the existing buildings and parking area. Several outbuildings are also present on the site, offering additional storage or potential for various uses. This property's combination of existing income streams, development potential, and strategic location makes it an attractive proposition for investors and entrepreneurs seeking a strong return on investment. The property is conveniently located at 15213 S Dixie Highway in Monroe, Michigan. The asking price is $1,550,000.

    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
    -83.4208
    Latitude
    41.894

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      4658 Custer Rd/M-50

      Distribution properties • 20,000 SF
      4658 Custer Rd/M-50, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      44.24 Acres

      14775 Laplaisance Rd

      INDUSTRIAL (GENERAL) • 44.24 Acres
      14775 Laplaisance Rd, Monroe, MI 48161-3873
      View Details
    • Value Estimation by Request

      3500 Frnt St

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

      3000 Frnt St

      INDUSTRIAL (GENERAL)
      3000 Frnt St, Monroe, MI 48161-1973
      View Details
    • Value Estimation by Request

      1530 Frnt St

      INDUSTRIAL (GENERAL)
      1530 Frnt St, Monroe, MI 48161-2456
      View Details
    • Value Estimation by Request
      1.15 Acres

      Monroe, MI 48161

      INDUSTRIAL (GENERAL) • 1.15 Acres
      Monroe, MI 48161
      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
    • Contact for pricing
      15,271 SF

      Industrial Building on 10.93 Acres

      15,271 SF industrial building for sale or lease.
      1204 E 3Rd St, Monroe, MI 48161
      View Details
    • $825,000
      12,357 SF

      Monroe Industrial Property for Sale

      Industrial property featuring 12,357 square feet of space.
      15400 South Telegraph Rd, 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

    Similar Nearby for Lease

    • $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
    • Contact for pricing

      Industrial Building for Lease

      Industrial building available for lease.
      4658 S Custer Rd/M-50, Monroe, MI 48161
      View Details
    • Sponsored
      Contact for pricing

      MI, Monroe - S Monroe St

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      428 Monroe St, Monroe, MI 48161
      View Details
    • Contact for pricing

      Retail Space on Telegraph Road

      Retail space available for rent on Telegraph Road.
      305 S Telegraph Rd, Monroe, MI 48161
      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.
    15213 Dixie Dr
    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

    Thank You for Inquiry

    15213 Dixie Dr, Monroe, MI, 48161

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!