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    14930 #130 Monroe, MI 48161
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    Property profile & analytics

    14930 #130 Monroe, MI 48161

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    • Strip malls
    • 74,314 SF
    • 17.01 lot acres
    For Lease
    View Listing →
    Retail Space in Strip Center For Lease
    Contact for pricing
    5,280 SF

    Retail Space in Strip Center

    Retail spaces available in strip center with below-market lease rates.

    14930 Laplaisance Rd, Monroe, MI 48161
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    Property ID
    US43-3344886
    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

    • Jetscreen Printing / Textile Manufacturer / Factory
    • Family Counseling & Shelter Services of Monroe County / Charitable Organization / Social Service Agency
    • Hawkins Law Office / Law Firm
    • Hoffman Bonita / Law Firm
    • Monroe Vineyard Church / Church

    Property Details for 14930 #130

    Year built
    1987
    Lot size
    17.01 lot acres
    Property size
    74,314 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    12-020-261-11
    APU
    1202026111

    Description

    This exceptional 74,152 square foot retail strip center, located at 14930 Laplaisance Road in Monroe, Michigan, presents a unique investment opportunity. Situated on a generous 16.11-acre lot, this property offers multiple tenancy options, with spaces ranging from a minimum of 446 square feet to a maximum contiguous space of 5,280 square feet. Built in 1989 and zoned for commercial use, the property boasts 14 available spaces, making it ideal for a variety of retail businesses. The center is conveniently located in the Ann Arbor submarket of Monroe County, offering excellent access to a thriving consumer base. The property's below-market lease rates represent a compelling value proposition for prospective tenants. Furthermore, the expansive lot size presents the potential for outlot development, adding significant future value. This property is an excellent opportunity for investors seeking a strong return in a desirable location. The property is located in Monroe, MI, zip code 48161. The property's zoning is commercial.

    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
    -83.3939
    Latitude
    41.8873
    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
    $26,131
    $0.00
    $0.00
    $589,200
    -
    $0.00
    $0.00
    $1,178,400

    Comparable in this City

    • Value Estimation by Request
      126,141 SF

      14500 Laplaisance Rd

      SHOPPING CENTER, STRIP CENTER • 126,141 SF
      14500 Laplaisance Rd, Monroe, MI 48161-3868
      View Details
    • Value Estimation by Request
      30,000 SF

      15579 Dixie Hwy

      Neighborhood centers • 30,000 SF
      15579 Dixie Hwy, Monroe, MI 48161
      View Details
    • Value Estimation by Request

      15515 Dixie Hwy

      Lifestyle centers
      15515 Dixie Hwy, Monroe, MI 48161
      View Details
    • Value Estimation by Request
      11,020 SF

      5609 Dunbar Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 11,020 SF
      5609 Dunbar Rd, Monroe, MI 48161-9127
      View Details
    • Value Estimation by Request
      9,000 SF

      959 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,000 SF
      959 Telegraph Rd, Monroe, MI 48161-5514
      View Details
    • Value Estimation by Request
      2,546 SF

      14214 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 2,546 SF
      14214 Dixie Hwy, Monroe, MI 48161-9563
      View Details

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      Occupied Strip Center For Sale

      Three-tenant strip center in Monroe, Michigan, 100% occupied.
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      Former Auto Dealership For Sale

      20,234 SF former auto dealership with 248 parking spaces.
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    • $650,000

      Retail Building with Long-Term Lease

      Freestanding retail building with long-term lease near Kroger mall.
      1000 S Monroe St South, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,300 SF

      Retail Space in Riverbend Commons

      Retail space for lease in community shopping center.
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      View Details
    • $11 SF/Yr
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      Retail Strip Center Space Available

      Retail and office spaces for lease in high-traffic Monroe.
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      1,500 SF

      Retail Space in Riverbend Commons

      Community shopping center space for lease with high traffic exposure.
      1170 W Front St, Monroe, MI 48161
      View Details
    • $936 /Mo
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      Monroe Commercial Units For Rent

      Renovated commercial units available in high-exposure Monroe location.
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      View Details
    • $2,964 /Mo
      2,736 SF

      Renovated Strip Mall Units Available

      Retail and office units available in renovated strip mall.
      986 S Telegraph Rd, Monroe, MI 48161
      View Details
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    Monroe, MI 48161
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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.

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