Property profile

2314 Monroe St Dearborn, MI 48124

OFF-MARKET
Office buildings
Property ID
US43-5262181
4,166 SF 0.27 ac lot Built 1990
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 4,166 SF
Lot 0.27 ac (11,761 SF)
Zoning code BA
APN 82 09 271 06 038
UPID US43-5262181

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Foster Care Service Social Service Agency
  • Physician Medical Clinic
  • Physician Medical Clinic
  • Counselor Doctor

Location

2314 Monroe St Dearborn, MI 48124-3010
Dearborn metro Census 575000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$755k
Comparable Approach Comparable
$692k
Blend (final) Blend
$450k

Owner & transaction history

since 2021
Last sale
$345,000
3 recorded transactions
2021
$345,000
2004
$425,000
2004
Price N/A

Zoning & alternative use

BA · Dearborn, MI
Zoning description

RESIDENTIAL DISTRICTS[1] ARTICLE 11.00 - R-P, RESIDENTIAL PRESERVATION DISTRICT ARTICLE 12.00 - R-C, R-D, AND R-E MULTIPLE FAMILY RESIDENTIAL DISTRICTS[1] ARTICLE 13.00 - O-S, BUSINESS OFFICE DISTRICT[1] ARTICLE 14.00 -…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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