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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
507 Telegraph Rd, Monroe, MI 48161-1613
Entity Owned
Absentee Owner
Free & Clear
Property ID
US43-0853236
Property summary
AI-generated overview
This exceptional investment opportunity presents a 11,180 square foot, single-tenant retail pharmacy located at 507 S Telegraph Rd, Monroe, MI 48161. The property sits on a 1.145-acre lot and boasts a 5.60% capitalization rate, making it a highly attractive proposition for discerning investors. Built in 1999, the building is currently 100% occupied under a NNN lease. The property features a convenient drive-up window and ample parking, with 52 spaces per 1,000 square feet. Its strategic location at a controlled intersection across from a Walgreens, with ingress/egress from both Telegraph and French Road, ensures high visibility and accessibility within a busy retail corridor. A large pylon sign overlooking Telegraph Road further enhances its prominence. The property is zoned C-2 General Commercial District and has an APN of 55-19-00151-000. The asking price is $975,000. This well-maintained property presents a value-add opportunity with below-market rents.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD FRAME
Total area
10,950 SF
Lot
1.14 ac (49,876 SF)
Zoning code
R-1A
APN
55-19-00151-000
UPID
US43-0853236
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
-
Family Dollar Discount Store
-
higi Physician
-
Western Union Bank Credit Union
-
David B. House, RPh Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.04M
Blend (final)
Blend
$1.04M
Owner & transaction history
Ameo Tel 590 LLC
Ameo Tel 590 LLC
since 2026
2 recorded transactions
Zoning & alternative use
R-1A · Monroe, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.0M
+17.4%
Restaurant
$875,000
+2.6%
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
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
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Current use
OFFICE BUILDING
$1,000,000
Change: +17% · Conversion: Easy
RESTAURANT
$875,000
Change: +3% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
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
$95 / 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
$34,149
Tax year 2023
Assessed value
$550,000
Assessed 2023
Previous assessed
$702,970
-21.8% YoY
Effective rate
6.21%
On assessed value
Total market value
$1,100,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
10,950 SF
Lot
1.14 ac (49,876 SF)
Zoning code
R-1A
APN
55-19-00151-000
UPID
US43-0853236
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$850,000
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Ameo Tel 590 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
401 E KILBOURN AVE STE #201, MILWAUKEE, WI 53202-3212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2026
—
Ameo Tel 590 LLC
Rx Monroe Investors LLC
Deed
—
Mar 5, 2021
—
Rx Monroe Investors LLC
—
Deed
related
$909,839 · The Ms Crivello LLC
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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