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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Investment properties
102 Frnt St Monroe, MI 48161-2339
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US43-0589895
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1893
Total area
6,594 SF
Lot
0.15 ac (6,403 SF)
Zoning code
R-1A
APN
55-29-00444-000
UPID
US43-0589895
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$480k
Blend (final)
Blend
$565k
Owner & transaction history
Perry Estates LLC · 2 yrs held
Perry Estates LLC
since 2023
Last sale
$604,000
7 recorded transactions
Zoning & alternative use
R-1A · Monroe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+55.9%
Restaurant
$525,000
+36.3%
Retail stores
$515,000
+32.8%
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
Method
Estimation
Statistic approach
$650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$385,000
Current use
OFFICE BUILDING
$600,000
Change: +56% · Conversion: Easy
RESTAURANT
$525,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +33% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: +11% · Conversion: Difficult
WAREHOUSE, STORAGE
$410,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10% · vs last sale $604k (Nov 1 2023)
Last sale anchor
$604k
Nov 1 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$86 / SF
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
$10,515
Tax year 2023
Assessed value
$169,360
Assessed 2023
Previous assessed
$169,360
+0.0% YoY
Effective rate
6.21%
On assessed value
Total market value
$338,720
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1893
Heating
FORCED AIR
Cooling
YES
Stories
3
Bathrooms
1
Total area
6,594 SF
Lot
0.15 ac (6,403 SF)
Zoning code
R-1A
APN
55-29-00444-000
UPID
US43-0589895
Jurisdiction
MONROE
Zoning & alternative use
R-1A · Monroe, MI
Zoning 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
Monroe. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$385,000
OFFICE BUILDING
Est. value
$600,000
RESTAURANT
Est. value
$525,000
RETAIL STORES
Est. value
$515,000
AUTO REPAIR, GARAGE
Est. value
$430,000
WAREHOUSE, STORAGE
Est. value
$410,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1893
Heating
FORCED AIR
Cooling
Yes
Stories
3
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Perry Estates LLC
Entity
Mailing address
2610 MEANWELL RD, PETERSBURG, MI 49270-9462
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2023
$604,000
Perry Estates LLC
Joseph Peruski
Warranty Deed
$483,200 · Monroe Community Cu
Oct 6, 2020
—
Peruski Holdings LLC
—
Deed
related
$150,000 · First Merchants Bk
May 30, 2019
$220,000
Peruski Holdings LLC
Steward Holdings LLC
Warranty Deed
—
Aug 25, 2016
—
Steward Holdings LLC
—
Deed
related
$397,500 · Monroe Cnty Cmnty Cu
Apr 20, 2012
$10,000
City Of Monroe
Steward Holdings LLC
Warranty Deed
related
—
Sep 28, 2011
$500,000
Stewards Holdings LLC
Monroe Bk & Trust
Grant Deed
$340,000 · Monroe Bank & Trust
—
—
Steward Holdings LLC
—
Deed Of Trust
related
$397,500 · Monroe Cnty Cmnty Cu
—
—
Peruski Holdings LLC
—
Loan Modification
related
$150,000 · First Merchants Bk
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.
Try Rey
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