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    Property profile & analytics

    1200 Monroe St Monroe, MI 48162-3163

    • Drive through restaurants
    • 1,664 SF
    • 0.61 lot acres
    OFF-MARKET
    Last Sale
    Oct 01, 2020
    $150,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1217691
    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.

    Current Use by Public Records

    • A&W Restaurant / Fast Food Restaurant / American Restaurant

    Property Details for 1200 Monroe St

    Year built
    1963
    Lot size
    0.61 lot acres
    Property size
    1,664 SF
    Property type
    Drive through restaurants
    APN
    07-353-014-00
    APU
    735301400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $196,000
      Market price range: $78.1k - $201k
      AI Estimate
      $196,000
      Market price range: $78.1k - $201k

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.389
    Latitude
    41.9328
    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
    $8,368
    $0.00
    $0.00
    $169,700
    -
    $0.00
    $0.00
    $339,400

    Comparable in this City

    • Value Estimation by Request
      6,647 SF

      1533 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,647 SF
      1533 Telegraph Rd, Monroe, MI 48162-5139
      View Details
    • Value Estimation by Request
      3,487 SF

      1455 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,487 SF
      1455 Telegraph Rd, Monroe, MI 48162-3341
      View Details
    • Value Estimation by Request
      2,534 SF

      1125 Dixie Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,534 SF
      1125 Dixie Hwy, Monroe, MI 48162-5202
      View Details
    • Value Estimation by Request
      1,862 SF

      1520 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,862 SF
      1520 Telegraph Rd, Monroe, MI 48162-3342
      View Details
    • Value Estimation by Request
      3,325 SF

      1270 Stewart Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,325 SF
      1270 Stewart Rd, Monroe, MI 48162-4228
      View Details
    • Value Estimation by Request
      2,981 SF

      1448 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,981 SF
      1448 Telegraph Rd, Monroe, MI 48162-3342
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.00 Acres

      Monroe Street Redevelopment Opportunity

      Prime 2-acre retail site, C-3 zoning.
      1491 Monroe St, Monroe, MI 48162
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    • $1,200,000
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      Monroe Commercial Property Development Opportunity

      1.3 acre MU-2 zoned property in vibrant retail district.
      227 Stewart Rd, Monroe, MI 48162
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    • New
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      3,983 SF

      Monroe Mixed-Use Commercial Building

      Versatile commercial building in high-traffic area suitable for multiple uses.
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      View Details
    • $325,000
      1,296 SF

      Monroe Commercial Property For Sale

      Commercial/Industrial property with fenced area and parking in Monroe, MI.
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    • $276,000
      1.15 Acres

      Prime Retail Development Opportunity

      1+ acre commercial land near major retailers in Monroe, MI.
      2406 N Telegraph Rd, Monroe, MI 48162
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    • $149,900
      2,530 SF

      Monroe Commercial Building For Sale

      Commercial building in high-traffic area, suitable for office or retail.
      800 Cole Rd, Monroe, MI 48162
      View Details

    Similar Nearby for Lease

    • $43 SF/Yr
      2,960 SF

      Retail Space in Prime Location

      Drive-thru endcap available in Monroe's retail corridor.
      2203-2239 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $23 SF/Yr
      666 SF

      Renovated Retail Space on US-24

      High-visibility retail space in a renovated shopping center.
      1429 North Telegraph Rd, Monroe, MI 48162
      View Details
    • $14 SF/Yr
      2,200 SF

      Retail Space in High-Traffic Area

      2200 sq ft retail space with high visibility and traffic.
      600 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      1,600 SF

      Retail Space in Hampton Plaza

      Retail space available in high-visibility Monroe location.
      1331 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $15 SF/Yr
      2,500 SF

      Monroe Commercial Space For Lease

      High-visibility commercial space available in Monroe, Michigan.
      1319 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $12 SF/Yr

      Hampton Plaza Retail Space

      Monroe County Shopping Center Space Available
      1343 Telegraph Rd, Monroe, MI 48162
      View Details
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    1200 Monroe St
    Monroe, MI 48162-3163
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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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