Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    75 Oak E Rdg Monroe, MI 48161-5768
    Back to Search
    Property profile & analytics

    75 Oak E Rdg, Monroe, MI 48161-5768

    View on Map
    • Specialty properties
    • 2,195 SF
    • 86.71 lot acres
    Off-Market
    Property ID
    US43-1746800
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 75 Oak E Rdg

    Lot size
    86.71 lot acres
    Zone code
    MHP
    Property type
    Specialty properties
    APN
    12-020-246-10
    APU
    1202024610

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 26, 2018 — Bc Oakridge Property LLC Oak Ridge Estates INC Grant Deed · related $23.7M · Keybank USA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4073
    Latitude
    41.8913
    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
    $220,377
    $0.00
    $0.00
    $4,891,900
    -
    $0.00
    $0.00
    $9,783,800

    Comparable in this City

    • Value Estimation by Request
      10,360 SF

      14567 Dixie Hwy

      FUNERAL HOME
      14567 Dixie Hwy, Monroe, MI 48161-9565
      View Details
    • Value Estimation by Request
      7,919 SF

      1051 Strasburg Rd

      CHARITABLE ORGANIZATION
      1051 Strasburg Rd, Monroe, MI 48161-9719
      View Details
    • Value Estimation by Request
      8,197 SF

      13910 Lk Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      13910 Lk Dr, Monroe, MI 48161-3845
      View Details
    • Value Estimation by Request
      11,432 SF

      911 Saint James Park Ave

      PROFESSIONAL CLUBS/ASSOCIATIONS
      911 Saint James Park Ave, Monroe, MI 48161-9060
      View Details
    • Value Estimation by Request
      1,768 SF

      1555 Strasburg Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      1555 Strasburg Rd, Monroe, MI 48161-8911
      View Details
    • Value Estimation by Request
      4,832 SF

      3801 Dunbar Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      3801 Dunbar Rd, Monroe, MI 48161
      View Details

    Similar Nearby for Sale

    • $2,000,000

      Commercial Property for Sale

      Commercial property available for purchase in Raisinvl Township, MI.
      1804 S Custer Rd, Monroe, MI 48161
      View Details
    • Contact for pricing

      Turnkey Restaurant Opportunity in Monroe

      Turnkey restaurant with new equipment and inventory for sale.
      546 S Telegraph Rd, Monroe, MI 48161
      View Details
    • Contact for pricing
      2,748 SF

      Modernized Property Ready for New

      Daycare facility with updated systems, ready for new owner.
      942 E 3Rd St, Monroe, MI 48161
      View Details
    • $399,900
      Pending

      Monroe Commercial Building on Acreage

      4648 SF commercial building on 10+ acres in Monroe, MI.
      14905 S Telegraph Rd, Monroe, MI 48161
      View Details
    • $650,000
      4,285 SF

      Monroe Industrial Building - High Visibility

      Freestanding building, high traffic, long-term lease.
      1000 Monroe St, Monroe, MI 48161
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Monroe Specialty Property for Rent

      Specialty property available for rent in Monroe, Michigan.
      1204 E 3Rd St, Monroe, MI 48161
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Monroe, Michigan.
      14498-14576 Laplaisance Rd, Monroe, MI 48161
      View Details
    • Sponsored
      Contact for pricing

      MI, Monroe - S Monroe St

      Workspaces, services and support to help you work better in CA, San Bernadino - Arrowhead Ave
      428 Monroe St, Monroe, MI 48161
      View Details
    • Contact for pricing

      Church Available for Shared Lease

      Church in Monroe, MI, available for shared lease.
      312 Harrison St, Monroe, MI 48161
      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.
    75 Oak E Rdg
    Monroe, MI 48161-5768
    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

    Thank You for Inquiry
    75 Oak E Rdg, Monroe, MI, 48161
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!