Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15330 Dixie Hwy Monroe, MI 48161-3773

    • Warehouses
    • 11,000 SF
    • 1.45 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2022
    $400,000
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5181458
    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

    • J & R Tractor, LLC / Agricultural Supply
    • J-Nichols Detailing / Car Wash

    Property Details for 15330 Dixie Hwy

    Year built
    1950
    Lot size
    1.45 lot acres
    Property size
    11,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    12-010-328-00
    APU
    1201032800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $687,000
      Market price range: $324k - $1.18M
      AI Estimate
      $687,000
      Market price range: $324k - $1.18M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $680,000
      Current use
      RETAIL STORES
      $855,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $715,000
      Change: +5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $645,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4137
    Latitude
    41.8964
    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
    $8,454
    $0.00
    $0.00
    $179,000
    -
    $0.00
    $0.00
    $358,000

    Comparable in this City

    • Value Estimation
      $580,000
      6,400 SF

      6625 Dunbar Rd

      MINI-WAREHOUSE, STORAGE • 6,400 SF
      6625 Dunbar Rd, Monroe, MI 48161-3895
      View Details
    • Value Estimation by Request
      2,728 SF

      15373 Telegraph Rd

      MINI-WAREHOUSE, STORAGE • 2,728 SF
      15373 Telegraph Rd, Monroe, MI 48161-4071
      View Details
    • Value Estimation by Request
      3,960 SF

      944 Hubble St

      MINI-WAREHOUSE, STORAGE • 3,960 SF
      944 Hubble St, Monroe, MI 48161-4175
      View Details
    • Value Estimation
      $9,475,000
      106,200 SF

      1530 Frnt St

      MINI-WAREHOUSE, STORAGE • 106,200 SF
      1530 Frnt St, Monroe, MI 48161-2456
      View Details
    • Value Estimation by Request
      15,271 SF

      1204 3rd St

      MINI-WAREHOUSE, STORAGE • 15,271 SF
      1204 3rd St, Monroe, MI 48161-1002
      View Details
    • Value Estimation by Request
      6,978 SF

      612 Cooper St

      MINI-WAREHOUSE, STORAGE • 6,978 SF
      612 Cooper St, Monroe, MI 48161-7701
      View Details

    Similar Nearby for Sale

    • $475,000

      Versatile Property with Shop and Home

      Property featuring a shop, home, and ample acreage.
      15350 S Telegraph Rd, 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
    • $325,000
      4,850 SF

      Prime Monroe Industrial Office Building

      Spacious Law Firm Office - Excellent Location
      204 Macomb St, Monroe, MI 48161
      View Details
    • Contact for pricing
      15,271 SF

      Monroe Industrial Land - 10.93 Acres

      Large industrial lot, rail access, ample storage.
      1204 3Rd St, Monroe, MI 48161
      View Details
    • $299,900
      2,029 SF

      Monroe Industrial Waterfront Property

      Lake Erie Access, 2000+ sq ft
      14011 Laplaisance St, Monroe, MI 48161
      View Details
    • $225,000
      2,748 SF

      Modern Monroe Industrial Building

      Updated Industrial Space - Ready to Go!
      942 3Rd St, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      5,000 SF

      Commercial Warehouse with Office Space

      5000 sq ft commercial warehouse with office in Monroe, MI.
      1052 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $6,450 /Mo
      8,870 SF

      Monroe Commercial/Industrial Space For Rent

      Well-maintained industrial space with offices, dock, and clear-span storage.
      111 Jones Ave, Monroe, MI 48161
      View Details
    • $4 SF/Yr
      20,000 SF

      Prime Monroe County Industrial Space

      Flexible Space, Excellent Location
      4658 Custer Rd/M-50, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      3,900 SF

      Monroe Office Suites For Lease

      Office suites available for lease in a well-maintained commercial building.
      708 S Monroe St, Monroe, MI 48161
      View Details
    • $7 SF/Yr
      4,852 SF

      Monroe Office Building For Lease

      Spacious Office, Land Available Now
      204 Macomb St, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      2,208 SF

      Monroe Office Space For Rent

      2200 SF office space available for rent in Monroe.
      750 S Raisinville 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.
    15330 Dixie Hwy
    Monroe, MI 48161-3773
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!