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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Turn key restaurants
1395 Telegraph Rd, Monroe, MI 48162-3359
Entity Owned
20-yr Hold
Free & Clear
Property ID
US43-5185035
Property summary
AI-generated overview
This exceptional 5,782 sq ft storefront, located at 1395 N Telegraph Rd in Monroe, MI (48162), is available for $1,500,000. Currently 100% occupied by a restaurant (vacating soon), this Class C property sits on a 0.92-acre lot (APN: 07 945 003 20) and offers a 6.00% cap rate. The single-tenant, NNN-leased building enjoys a prime location directly across from Monroe Mall, benefiting from high visibility and traffic on busy US-24. Its excellent condition and spacious layout present a remarkable redevelopment opportunity for visionary entrepreneurs. The property's easy access and proximity to numerous national chain restaurants create a dynamic and attractive environment for businesses. This is a rare chance to acquire a versatile space in a sought-after commercial area, poised for significant future growth. The property is offered as a fee simple ownership by an LLC. The building is currently vacant and ready for immediate redevelopment.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1978
Total area
5,690 SF
Lot
0.92 ac (39,988 SF)
APN
07-945-003-20
UPID
US43-5185035
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
-
RED E Charging Station Electric Vehicle Charging Station
-
Rice N Shine Buffet Restaurant Buffet
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$593k
Blend (final)
Blend
$595k
Owner & transaction history
Zhao Realty INC · 20 yrs held
Zhao Realty INC
since 2006
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$520,000
+14.4%
Commercial (general)
$480,000
+6.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$455,000
Current use
OFFICE BUILDING
$520,000
Change: +14% · Conversion: Moderate
COMMERCIAL (GENERAL)
$480,000
Change: +6% · Conversion: Easy
RETAIL STORES
$445,000
Change: -3% · Conversion: Easy
AUTO REPAIR, GARAGE
$370,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±10%
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
$105 / 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
$22,780
Tax year 2023
Assessed value
$511,300
Assessed 2023
Previous assessed
$511,300
+0.0% YoY
Effective rate
4.46%
On assessed value
Total market value
$1,022,600
Applied tax rate
7.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1978
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
5,690 SF
Lot
0.92 ac (39,988 SF)
APN
07-945-003-20
UPID
US43-5185035
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$455,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$480,000
RETAIL STORES
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$370,000
RESTAURANT Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
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
1978
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Zhao Realty INC
Entity
Free & Clear · 20 yrs held
Mailing address
400 DETROIT AVE, MONROE, MI 48162-2783
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2006
$870,000
Zhao Realty INC
Sudman Properties LLC
Warranty Deed
—
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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