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    1121 Telegraph Rd Monroe, MI 48162
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    1121 Telegraph Rd, Monroe, MI 48162

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    • Retail properties & Spaces
    • 3,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premier Insurance Agency / Insurance Agency
    • Express Employment Professionals / Employment Agency

    Property Details for 1121 Telegraph Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This Monroe, MI retail space at 1121 North Telegraph Road offers 1,600 square feet of vacant space in a 3,000 square foot multi-tenant building. The property features modern design and versatile floor plans, ideal for a variety of businesses. Ample parking and convenient access ensure a seamless experience for customers and employees. This prime location boasts high visibility on North Telegraph Road, near major retailers such as Meijer and Walmart, and benefits from convenient access to major highways. The strong local consumer base and proximity to other national retailers and restaurants create an ideal environment for businesses seeking to thrive in a dynamic market. The available space is part of a two-tenant building, providing a collaborative and established retail environment. The property's address is 1121 N Telegraph Rd, Monroe, MI 48162. This location offers a unique opportunity to establish or expand a business in a thriving community with a rich history and strong community engagement. The property is classified as Street Retail.

    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
    -83.4076
    Latitude
    41.9366

    Comparable in this City

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      640 SF

      2950 Dixie Hwy

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    • Value Estimation by Request
      4,248 SF

      6506 Monroe St

      RETAIL STORES (PERSONAL SERVICES)
      6506 Monroe St, Monroe, MI 48162-9462
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    • Value Estimation
      $695,000
      6,810 SF

      905 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES)
      905 Telegraph Rd, Monroe, MI 48162-5132
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    • Value Estimation by Request
      4,520 SF

      1096 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES)
      1096 Dixie Hwy, Monroe, MI 48162-2547
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    • Value Estimation
      $745,000
      8,140 SF

      1240 Huber Dr

      RETAIL STORES (PERSONAL SERVICES)
      1240 Huber Dr, Monroe, MI 48162-5109
      View Details
    • Value Estimation
      $1,275,000
      16,385 SF

      2307 Monroe St

      RETAIL STORES (PERSONAL SERVICES)
      2307 Monroe St, Monroe, MI 48162-4217
      View Details

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    Similar Nearby for Lease

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      11,890 SF

      Neighborhood Retail Center with Signage

      Single-story brick retail center with 9-foot ceilings, signage, and ample parking across two curb cuts.
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      Retail Space in Prime Location

      Drive-thru endcap available in Monroe's retail corridor.
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      36,480 SF

      Retail Space in Prime Location

      Large retail space with high visibility and accessibility.
      1511 N Telegraph Rd, Monroe, MI 48162
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    1121 Telegraph Rd
    Monroe, MI 48162
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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.

    More about this property
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