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

    2815 Telegraph Rd Monroe, MI 48162-9217

    • Warehouses
    • 6,000 SF
    • 19.15 lot acres
    OFF-MARKET
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-5202752
    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

    • Warehouses

    Property Details for 2815 Telegraph Rd

    Lot size
    19.15 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    07-020-015-00
    APU
    702001500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $525,000
      Market price range: $177k - $645k
      AI Estimate
      $525,000
      Market price range: $177k - $645k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $370,000
      Current use
      OFFICE BUILDING
      $550,000
      Change: +48% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $510,000
      Change: +37% Conversion: Difficult
      RESTAURANT
      $480,000
      Change: +29% Conversion: Difficult
      RETAIL STORES
      $465,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $390,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3943
    Latitude
    41.9628
    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
    $4,999
    $0.00
    $0.00
    $137,000
    -
    $0.00
    $0.00
    $274,000

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      515 Hbr Ave

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      515 Hbr Ave, Monroe, MI 48162-2528
      View Details
    • Value Estimation
      $945,000
      13,950 SF

      469 Dixie Hwy

      MINI-WAREHOUSE, STORAGE • 13,950 SF
      469 Dixie Hwy, Monroe, MI 48162-2564
      View Details
    • Value Estimation by Request
      2,400 SF

      Nadeau Rd

      STORAGE YARD, OPEN STORAGE • 2,400 SF
      Nadeau Rd, Monroe, MI 48162
      View Details
    • Value Estimation
      $540,000
      5,000 SF

      2390 Telegraph Rd

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      2390 Telegraph Rd, Monroe, MI 48162-8902
      View Details
    • Value Estimation by Request
      512 SF

      Gruber Rd

      STORAGE YARD, OPEN STORAGE • 512 SF
      Gruber Rd, Monroe, MI 48162
      View Details
    • Value Estimation by Request
      6,216 SF

      3873 Bluebush Rd

      MINI-WAREHOUSE, STORAGE • 6,216 SF
      3873 Bluebush Rd, Monroe, MI 48162-9450
      View Details

    Similar Nearby for Sale

    • $459,900
      1.00 Acre

      Monroe Commercial/Industrial Property For Sale

      5,000 SF commercial building with showroom and warehouse on 1 acre.
      2390 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $369,900
      4,416 SF

      Versatile Commercial Property on M-125

      1.62-acre commercial property with 4,416 SF flexible space on M-125.
      2600 N Monroe St, Monroe, MI 48162
      View Details
    • $1,500,000
      14,580 SF

      Versatile Commercial/Industrial Building in Monroe

      Multifunctional 14,580 sq ft building in high-traffic area.
      1065 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $375,000
      4,832 SF

      1452-1460 Monroe St, Monroe, MI 48162

      Industrial properties • 4,832 SF
      1452-1460 Monroe St, Monroe, MI 48162
      View Details
    • $550,000
      2.00 Acres

      Prime Land Near Circle K

      2-acre commercial land near hospital and major retailers.
      1290 N Monroe St, Monroe, MI 48162
      View Details
    • $1,995,000
      15,662 SF

      Monroe Industrial Property: 15,662 SF

      Vacant industrial building, 6.32 acres, Monroe, MI
      1180 Monroe St, Monroe, MI 48162
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo
      13,600 SF

      Monroe Warehouse/Flex Space Available

      High-quality warehouse/flex space in Monroe, MI, with strategic location.
      914 Huber Dr, Monroe, MI 48162
      View Details
    • $2,650 /Mo
      3,400 SF

      Monroe Warehouse/Flex Space Available

      High-quality warehouse/flex space in Monroe, MI, with strategic location.
      910 Huber Dr, Monroe, MI 48162
      View Details
    • Contact for pricing
      44,800 SF

      Monroe Industrial Facility For Lease

      Well-maintained industrial facility in Monroe's established industrial corridor.
      550 Ternes Dr, Monroe, MI 48162
      View Details
    • $6,525 /Mo
      15,662 SF

      Monroe Commercial/Industrial Space Available

      Commercial/Industrial space for rent in Monroe, Michigan.
      1180 N Monroe St, Monroe, MI 48162
      View Details
    • $6 SF/Yr

      LevelUP Office Sublease Opportunity

      Class B Office, 5500 SF, Prime Location
      987 Stewart Rd, Monroe, MI 48162
      View Details
    • $11 SF/Yr
      20,400 SF

      Monroe Retail/Office Opportunity

      Prime Monroe location, multiple suites available
      1200 Telegraph Rd, 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.
    2815 Telegraph Rd
    Monroe, MI 48162-9217
    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!