Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Laplaisance Rd Monroe, MI 48161
    Back to Search
    Property profile & analytics

    Laplaisance Rd, Monroe, MI 48161

    View on Map
    • Land
    • 7.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Laplaisance Rd

    Lot size
    7.00 lot acres
    Property type
    Land

    Description

    This exceptional 7-acre commercial land parcel in Monroe Charter Township, MI (48161), presents a unique investment opportunity. Located at 0 Laplaisance Road and near Lighthouse Rd, the property is zoned R-4, offering significant development potential. The asking price is $210,000. The zoning allows for 30% structural lot coverage and a maximum building height of 35 feet or 2 1/2 stories. All utilities are conveniently located on-site, simplifying development plans. A key advantage is the township's approval for two lot splits, increasing flexibility and potential return on investment. Furthermore, the property boasts easy beach access, adding to its desirability and potential for various commercial ventures. This prime location in Monroe County offers excellent accessibility and proximity to local amenities. Detailed property profiles are available upon request. Don't miss this chance to acquire a versatile commercial land parcel with significant upside.

    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
    -83.3958
    Latitude
    41.8814

    Comparable in this City

    • Value Estimation by Request

      313 Monroe St

      Land
      313 Monroe St, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      1.00 Acre

      14498-14576 Laplaisance Rd

      Land
      14498-14576 Laplaisance Rd, Monroe, MI 48161
      View Details
    • Value Estimation by Request

      Raven Pkwy

      Land
      0 Raven Pkwy, Monroe, MI 48161
      View Details
    • Value Estimation by Request

      112 Front St

      Land
      112 Front St, Monroe, MI 48161
      View Details
    • Value Estimation by Request

      Telegraph Rd

      Land
      0 Telegraph Rd, Monroe Charter Township, MI 48161
      View Details
    • Value Estimation by Request
      0.78 Acres

      14515 Laplaisance St

      Land
      14515 Laplaisance St, Monroe, MI 48161
      View Details

    Similar Nearby for Sale

    • $64,900

      1.13 Acre Building Site

      1.13-acre building site near Green Meadows Golf Course.
      0-4 Strasburg Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Vacant Land For Sale/Lease

      Vacant land available for sale or lease.
      14515 Laplaisance St, Monroe, MI 48161
      View Details
    • $64,900

      1.13 Acre Building Site

      1.13-acre building site near Green Meadows Golf Course.
      0-6 Strasburg Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Land For Sale Monroe

      Land available for sale in Monroe, Michigan.
      Monroe, MI 48161
      View Details
    • $64,900

      Prime Building Site Near Golf

      1.13-acre building site near Green Meadows Golf Course.
      0-7 Strasburg Rd, Monroe, MI 48161
      View Details
    • Contact for pricing
      2,000 SF

      Prime Commercial Land on Telegraph

      1.36 acre commercial parcel with high traffic volume.
      833 N Telegraph Rd, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Ready For Development

      Land approved for industrial, commercial, and cannabis cultivation uses.
      7027 E Dunbar Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Land Ready for Development

      Land with utilities, highway access, and construction approval.
      14726 Laplaisance Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Commercial Land Ready For Development

      Land with infrastructure, ideal for various commercial uses.
      S Telegraph Rd, Monroe, MI 48161
      View Details
    • $2,000 /Mo

      Professional Office Space For Rent

      2400 sq ft office space in high-traffic area.
      1070 S Telegraph Rd West, Monroe, MI 48161
      View Details
    • Contact for pricing

      Monroe Commercial Property For Rent

      Commercial property available for rent in Monroe, Michigan.
      14515 Laplaisance St, 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.
    Laplaisance Rd
    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
    Laplaisance Rd, 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!