Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15366 Dixie Hwy Monroe, MI 48161-3773
    Back to Search
    Property profile & analytics

    15366 Dixie Hwy Monroe, MI 48161-3773

    View on Map
    • Office buildings
    • 35,696 SF
    • 5.26 lot acres
    Off-Market
    Last Sale Jan 5, 2021
    Property ID
    US43-4204642
    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
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sherlock Storage / Warehouse & Storage
    • Renewal Oasis A Tranquil Detox Retreat / Gym & Fitness Center / Alternative Medicine Practice
    • Theresa Barton, Key Realty Realtor 20 years experience / Real Estate Agency
    • Choices Counseling Solutions / Crisis Center / Medical Clinic
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 15366 Dixie Hwy

    Lot size
    5.26 lot acres
    Property size
    35,696 SF
    Property type
    Office buildings
    APN
    12-010-329-01
    APU
    1201032901

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,441,000
      Market price range: $1.44M - $4.35M
      AI Estimate
      $1,441,000
      Market price range: $1.44M - $4.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4109
    Latitude
    41.8972
    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
    $28,841
    $0.00
    $0.00
    $611,100
    -
    $0.00
    $0.00
    $1,222,200

    Comparable in this City

    • Value Estimation by Request
      1,530 SF

      6021 Parkside St

      OFFICE BUILDING • 1,530 SF
      6021 Parkside St, Monroe, MI 48161-3921
      View Details
    • Value Estimation
      $1,390,000
      11,420 SF

      15205 Telegraph Rd

      OFFICE BUILDING • 11,420 SF
      15205 Telegraph Rd, Monroe, MI 48161-4072
      View Details
    • Value Estimation
      $5,700,000
      62,385 SF

      840 Laplaisance Rd

      OFFICE BUILDING • 62,385 SF
      840 Laplaisance Rd, Monroe, MI 48161-1341
      View Details
    • Value Estimation
      $505,000
      4,149 SF

      15530 Telegraph Rd

      OFFICE BUILDING • 4,149 SF
      15530 Telegraph Rd, Monroe, MI 48161-5520
      View Details
    • Value Estimation
      $1,590,000
      39,362 SF

      5485 Dunbar Rd

      OFFICE BUILDING • 39,362 SF
      5485 Dunbar Rd, Monroe, MI 48161-9129
      View Details
    • Value Estimation by Request
      2,985 SF

      6010 Elmwood St

      OFFICE BUILDING • 2,985 SF
      6010 Elmwood St, Monroe, MI 48161-3937
      View Details

    Similar Nearby for Sale

    • $1,200,000
      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
    • $459,900

      Professional Building in High-Visibility Corridor

      Well-maintained commercial building with strong income and high visibility.
      750 S Monroe St, Monroe, MI 48161
      View Details
    • $1,700,000
      23,488 SF

      Downtown Monroe Office Plaza Opportunity

      Office building in the heart of downtown Monroe, Michigan.
      25 S Monroe St, Monroe, MI 48161
      View Details
    • Contact for pricing
      26,500 SF

      26,500 SF Building For Sale

      26,500 SF building available for sale on Telegraph Rd.
      1051 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $395,000
      4,850 SF

      Office Building Near Court House

      Well-maintained 4,850 SF office building with parking.
      204 S Macomb St, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • $1,795 /Mo
      2,200 SF

      Monroe Office/Retail Spaces Available

      Spacious office/retail spaces for lease in Monroe, Michigan.
      15384 S Dixie Dr, Monroe, MI 48161
      View Details
    • $2,000 /Mo
      2,400 SF

      Monroe Office Space For Rent

      2400 sq ft office space in high-traffic area.
      1070 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $11 SF/Yr

      Retail Strip Center on Telegraph

      Retail, office, and restaurant spaces available in Monroe, MI.
      1200 S Telegraph Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Industrial Building for Lease

      Industrial building available for lease.
      4658 S Custer Rd/M-50, Monroe, MI 48161
      View Details
    • $2,000 /Mo

      Professional Office Space For Rent

      2400 sq ft office space in high-traffic area.
      1070 S Telegraph Rd West, 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.
    15366 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

    Thank You for Inquiry
    15366 Dixie Hwy, 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!