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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Office buildings
298 Monroe St Dundee, MI 48131-1237
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-5265761
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
30,100 SF
Lot
1.04 ac (45,302 SF)
APN
42-040-582-00
UPID
US43-5265761
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.36M
Owner & transaction history
Manchester Dundee LLC · 1 yrs held
Manchester Dundee LLC
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Dundee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dundee 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
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.50M (Dec 5 2024)
Last sale anchor
$1.50M
Dec 5 2024
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
$45 / 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
$12,855
Tax year 2023
Assessed value
$325,770
Assessed 2023
Previous assessed
$325,770
+0.0% YoY
Effective rate
3.95%
On assessed value
Total market value
$651,540
Applied tax rate
42.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
FORCED AIR
Cooling
YES
Stories
4
Total area
30,100 SF
Lot
1.04 ac (45,302 SF)
APN
42-040-582-00
UPID
US43-5265761
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
Building & site characteristics
From public records
Heating
FORCED AIR
Cooling
Yes
Stories
4
Lot
1.04 ac
Current owner
From public records · entity-resolved
Manchester Dundee LLC
Entity
Free & Clear · 1 yrs held
Mailing address
15777 IDA W RD, PETERSBURG, MI 49270-9595
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2024
$1,500,000
Manchester Dundee LLC
Merle A Grams III
Warranty Deed
—
Dec 29, 2016
—
Dundee Riverside LLC
Grams,merle III
Quit Claim Deed
related
—
Nov 21, 2013
$660,000
Merie A Grams III
Dundee Riverfront LLC
Warranty Deed
—
Aug 6, 2009
—
Village Of Dundee
Dundee Riverfront LLC
Quit Claim Deed
—
May 3, 2006
$130,000
Dundee Riverfront LLC
Hefflebower,paul E
Warranty Deed
—
May 3, 2006
—
Paul E Hefflebower
Dundee Investment Group INC
Quit Claim Deed
related
—
May 5, 2004
$105,000
Dundee Investment Group INC
Jessie Trust Clara
Grant Deed
—
—
—
Dundee Riverfront LLC
—
Deed Of Trust
related
$3,500,000 · United Bank & 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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