Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    115 Macomb St Monroe, MI 48161-2138
    Back to Search
    Property profile & analytics

    115 Macomb St, Monroe, MI 48161-2138

    View on Map
    • Investment properties
    • 3,599 SF
    • 0.10 lot acres
    Off-Market
    Last Sale Jan 31, 2020
    $130,000
    Property ID
    US43-0858369
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 115 Macomb St

    Year built
    1959
    Construction
    WOOD FRAME
    Lot size
    0.10 lot acres
    Zone code
    R-1A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    55-39-00257-000
    APU
    553900257000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2020 — Vajcner,gary J Living Trust Gary J Vajcner Quit Claim Deed —
    Sep 12, 2011 $130,000 Gary J Vajener Kelley James JR Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.396
    Latitude
    41.9139
    CBSA code
    33780
    CBSA name
    MONROE, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,433
    $0.00
    $0.00
    $55,300
    -
    $0.00
    $0.00
    $110,600

    Comparable in this City

    • Value Estimation by Request
      7,548 SF

      317 Monroe St

      OFFICE/RESIDENTIAL (MIXED USE)
      317 Monroe St, Monroe, MI 48161-2219
      View Details
    • Value Estimation by Request
      2,646 SF

      37 Monroe St

      OFFICE/RESIDENTIAL (MIXED USE)
      37 Monroe St, Monroe, MI 48161-2237
      View Details
    • Value Estimation by Request
      5,049 SF

      44 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      44 Frnt St, Monroe, MI 48161-2337
      View Details
    • Value Estimation
      $565,000
      6,594 SF

      102 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      102 Frnt St, Monroe, MI 48161-2339
      View Details
    • Value Estimation by Request
      6,164 SF

      407 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      407 Frnt St, Monroe, MI 48161-2048
      View Details
    • Value Estimation by Request
      3,515 SF

      123 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE)
      123 Frnt St, Monroe, MI 48161-2116
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,752 SF

      23.5 Acres Mixed-Use Development Land

      Income-producing property with development potential in Monroe, Michigan.
      15213 S Dixie Hwy, Monroe, MI 48161
      View Details
    • Contact for pricing
      2,369 SF

      Commercial Building in Monroe

      2,369 SF commercial building available for sale.
      1110 W Front St, Monroe, MI 48161
      View Details
    • Contact for pricing
      6,432 SF

      Mixed-Use Building in Downtown Monroe

      Mixed-use property with commercial space and residential apartments.
      411 E Front St, Monroe, MI 48161
      View Details
    • $159,000
      Pending

      Riverfront Mixed-Use Property For Sale

      6,432 SF mixed-use property with riverfront location and income potential.
      411 E Front St, Monroe, MI 48161
      View Details
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Strip Center

      Retail spaces available in strip center with below-market lease rates.
      14930 Laplaisance Rd, Monroe, MI 48161
      View Details
    • $936 /Mo

      Retail and Office Spaces Available

      Renovated strip mall units with high exposure on S. Telegraph.
      970 S Telegraph Rd, 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
    • $1,795 /Mo
      2,200 SF

      Spacious Office/Retail Spaces Available

      Two 2200 sq ft office/retail spaces for lease.
      15384 S Dixie Hwy, Monroe, MI 48161
      View Details
    • $2,964 /Mo
      2,736 SF

      Monroe Retail and Office Space

      Retail and office units available in renovated Monroe strip mall.
      986 S Telegraph Rd, 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.
    115 Macomb St
    Monroe, MI 48161-2138
    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
    115 Macomb St, 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!