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Property profile & analytics
OFF-MARKET
Estimated value
$12,735,000
Warehouses
1800 Frenchtown Ctr Dr, Monroe, MI 48162-9375
Entity Owned
14-yr Hold
Free & Clear
Property ID
US43-1247689
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2003
Total area
134,464 SF
Lot
34.35 ac (1,496,286 SF)
APN
07-027-024-00
UPID
US43-1247689
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
-
Premier Transportation Trucking Company
-
T J X Store Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.73M
Blend (final)
Blend
$12.74M
Owner & transaction history
Mhoc LLC · 14 yrs held
Mhoc LLC
since 2012
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.3M
+47.8%
Commercial (general)
$11.4M
+36.9%
Restaurant
$10.7M
+29.2%
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
WAREHOUSE, STORAGE
$8,310,000
Current use
OFFICE BUILDING
$12,285,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,375,000
Change: +37% · Conversion: Difficult
RESTAURANT
$10,735,000
Change: +29% · Conversion: Difficult
RETAIL STORES
$10,465,000
Change: +26% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,745,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$12.74M
Range $11.46M – $14.01M · ±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
$95 / 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
$134,411
Tax year 2023
Assessed value
$3,317,100
Assessed 2023
Previous assessed
$3,317,100
+0.0% YoY
Effective rate
4.05%
On assessed value
Total market value
$6,634,200
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
134,464 SF
Lot
34.35 ac (1,496,286 SF)
APN
07-027-024-00
UPID
US43-1247689
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
WAREHOUSE, STORAGE Current
Est. value
$8.3M
OFFICE BUILDING
Est. value
$12.3M
COMMERCIAL (GENERAL)
Est. value
$11.4M
RESTAURANT
Est. value
$10.7M
RETAIL STORES
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$8.7M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
34.35 ac
Current owner
From public records · entity-resolved
Mhoc LLC
Entity
Free & Clear · 14 yrs held
Mailing address
15 27TH ST, PITTSBURGH, PA 15222-4729
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2012
—
Mhoc LLC
Equity Industrial Monroe LLC
Warranty Deed
related
—
May 4, 2010
—
Equity Industrial Monroe LLC
—
Deed Of Trust
related
$294,466,000 · Anglo Irish Bank Corp
Jan 14, 2008
$11,250,000
Equity Industrial Monroe LLC
Home Depot USA INC
Deed Of Trust
related
$250,640,990 · Anglo Irish Bank Corp
—
—
Mhoc LLC
—
Deed Of Trust
related
$3,150,000 · Branch Banking & Trust Co
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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