Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1929 Monroe St Monroe, MI 48162-4255

    • Office buildings
    • 2,061 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0713847
    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

    • Office buildings

    Property Details for 1929 Monroe St

    Year built
    1997
    Lot size
    0.95 lot acres
    Property size
    2,061 SF
    Zone code
    C-2-COMMERCIAL
    Property type
    Office buildings
    APN
    07-065-012-11
    APU
    706501211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3865
    Latitude
    41.9426
    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
    $4,229
    $0.00
    $0.00
    $112,400
    -
    $0.00
    $0.00
    $224,800

    Comparable in this City

    • Value Estimation by Request
      84,660 SF

      1050 Stewart Rd

      OFFICE BUILDING • 84,660 SF
      1050 Stewart Rd, Monroe, MI 48162-4228
      View Details
    • Value Estimation by Request
      2,219 SF

      1785 Telegraph Rd

      OFFICE BUILDING • 2,219 SF
      1785 Telegraph Rd, Monroe, MI 48162-8915
      View Details
    • Value Estimation by Request
      7,243 SF

      477 Hbr Ave

      OFFICE BUILDING • 7,243 SF
      477 Hbr Ave, Monroe, MI 48162-2784
      View Details
    • Value Estimation
      $70,000
      2,134 SF

      1100 Monroe St

      OFFICE BUILDING • 2,134 SF
      1100 Monroe St, Monroe, MI 48162-3190
      View Details
    • Value Estimation by Request
      12,588 SF

      2757 Dixie Hwy

      OFFICE BUILDING • 12,588 SF
      2757 Dixie Hwy, Monroe, MI 48162-5221
      View Details
    • Value Estimation by Request
      6,154 SF

      2592 Telegraph Rd

      OFFICE BUILDING • 6,154 SF
      2592 Telegraph Rd, Monroe, MI 48162-8903
      View Details

    Similar Nearby for Sale

    • $1,995,000
      15,662 SF

      15,662-SFG Medical Center For Sale or Lease

      15,662-SFG Medical Center For Sale or Lease
      1180 N Monroe, Monroe, MI 48162
      View Details
    • $99,900
      1,023 SF

      Medical Office Condo For Sale

      1,023 SF medical office condo in Monroe, Michigan.
      132 Cole Rd, Monroe, MI 48162
      View Details
    • New
      $650,000
      3,983 SF

      Monroe Mixed-Use Commercial Building

      Versatile commercial building in high-traffic area suitable for multiple uses.
      1110 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $150,000
      1,632 SF

      Downtown Monroe Creative Office

      Historic Charm, Modern Potential, $150,000
      415 Monroe St, Monroe, MI 48162
      View Details
    • $210,000
      2,418 SF

      Renovated Office/Veterinarian Clinic Near Downtown

      Versatile 2,418 SF building near downtown Monroe, renovated in 2021.
      11 W Vine St, Monroe, MI 48162
      View Details
    • $149,900
      2,530 SF

      Monroe Commercial Building For Sale

      Commercial building in high-traffic area, suitable for office or retail.
      800 Cole Rd, Monroe, MI 48162
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      1,361 SF

      Medical Office Space For Rent

      1361 SF medical-grade space with high visibility and ADA compliance.
      814 N Macomb St, Monroe, MI 48162
      View Details
    • $1,800 /Mo
      1,855 SF

      Renovated Office Space Near Mall

      Renovated office space with natural light near the mall.
      2059 N Monroe St, Monroe, MI 48162
      View Details
    • $10 SF/Yr
      7,190 SF

      Prime Monroe County Medical Office

      7,190 SF Medical Office - High Visibility
      814 Macomb St, Monroe, MI 48162
      View Details
    • $15 SF/Yr

      Prime Medical Office Suite Monroe County

      1,150 SF Medical Office For Lease
      905 Macomb St, Monroe, MI 48162
      View Details
    • $2,000 /Mo
      2,630 SF

      Turn-Key Professional Office Space

      2,600 sq ft professional office space available for lease.
      15502 S Telegraph Rd, Monroe, MI 48162
      View Details
    • $13 SF/Yr
      4,250 SF

      400 Detroit

      Land • 4,250 SF
      400 Detroit Ave, Monroe, MI 48162
      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.
    1929 Monroe St
    Monroe, MI 48162-4255
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.