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Property profile & analytics
OFF-MARKET
Flex space
399 Detroit Ave Monroe, MI 48162-2538
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-1103756
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Construction
WOOD FRAME
Total area
83,650 SF
Lot
3.31 ac (144,184 SF)
Zoning code
R-1A
APN
55-59-00417-005
UPID
US43-1103756
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
-
Industrial Inspection Company Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Detroit Harbor LLC · 10 yrs held
Detroit Harbor LLC
since 2016
5 recorded transactions
Zoning & alternative use
R-1A · Monroe, MI
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$52,502
Tax year 2023
Assessed value
$1,245,520
Assessed 2023
Previous assessed
$1,245,520
+0.0% YoY
Effective rate
4.22%
On assessed value
Total market value
$2,491,040
Applied tax rate
55.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
83,650 SF
Lot
3.31 ac (144,184 SF)
Zoning code
R-1A
APN
55-59-00417-005
UPID
US43-1103756
Jurisdiction
MONROE
Zoning & alternative use
R-1A · Monroe, MI
Zoning R-1A · permitted uses
R-1A · Monroe, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monroe. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Detroit Harbor LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 2031, MONROE, MI 48161-7031
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2016
—
Andre M Sottile
—
Deed
related
—
Feb 26, 2016
—
Detroit Harbor LLC
Sottile,andre
Quit Claim Deed
related
—
Sep 19, 2008
$1,700,000
Sottile,andre M
Inter-park Corp
Warranty Deed
$1,530,000 · Monroe Bk
—
—
Andre M Sottile
—
Loan Modification
related
$2,365,850 · Monroe Bank & Trust
—
—
Andre M Sottile
—
Loan Modification
related
—
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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