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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1002 3rd St Monroe, MI 48161-1904
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1228470
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1947
Total area
7,644 SF
Lot
0.36 ac (15,551 SF)
Zoning code
R-1A
APN
55-49-01184-000
UPID
US43-1228470
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mignano's Food & Beer Center Grocery & Convenience Store Food Market
-
Towne Square Market Grocery & Convenience Store Food Market
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
JR & S Land LLC · 7 yrs held
JR & S Land LLC
since 2019
6 recorded transactions
Zoning & alternative use
R-1A · Monroe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
MO1856 720a Zoning 2020 City of Monroe Michigan
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,045
Tax year 2023
Assessed value
$112,920
Assessed 2023
Previous assessed
$112,920
+0.0% YoY
Effective rate
6.24%
On assessed value
Total market value
$225,840
Applied tax rate
55.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1947
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,644 SF
Lot
0.36 ac (15,551 SF)
Zoning code
R-1A
APN
55-49-01184-000
UPID
US43-1228470
Jurisdiction
MONROE
Zoning & alternative use
R-1A · Monroe, MIZoning R-1A · permitted uses
R-1A · Monroe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
MO1856 720a Zoning 2020 City of Monroe Michigan
Building & site characteristics
From public records
Year built
1947
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
JR & S Land LLC
Entity
Mailing address
1002 E 3RD ST, MONROE, MI 48161-1904
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
$600,000
JR & S Land LLC
Monroe Grocery Real Estate LLC
Warranty Deed
$860,000 · Baylake Bank
Nov 29, 2016
$600,000
Monroe Grocery Real Estate LLC
Davinder S Toor
Warranty Deed
—
Mar 27, 2013
$625,000
Friends Real Estate Inv LLC
Yono,munim & Sudad
Warranty Deed
$700,000 · Ridgestone Bank
Feb 8, 2013
$8,000
Norfolk Southern Railway Co
Yono,munim & Sudad
Warranty Deed
—
Jan 31, 2013
$8,000
Norfolk Southern Railway Compa
Yono,munim
Grant Deed
—
Dec 18, 2007
—
Munim Yono
Mpyh INC
Quit Claim Deed
related
$569,500 · Citizens Federal Bank Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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