Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    833 Telegraph Rd Monroe, MI 48162-3338

    • Commercial land
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1022413
    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

    • Commercial land

    Property Details for 833 Telegraph Rd

    Lot size
    1.36 lot acres
    Zone code
    R-1A
    Property type
    Commercial land
    APN
    55-69-00073-010
    APU
    556900073010

    Description

    This 1.3-acre commercial land parcel in Monroe Charter Township, Michigan, presents a unique redevelopment opportunity. Located at 833 N Telegraph Road, this property boasts 2,000 square feet of existing structure (currently used by the Monroe County Humane Society, though functionally obsolete) and benefits from a high annual average daily traffic count of 24,096 vehicles. The site's strategic location is enhanced by its proximity to a Sonic Drive-In and a small strip mall, indicating a strong existing commercial presence. The property features a narrow, rectangular shape with frontage on North Telegraph Road. While the front is largely clear, the rear portion includes lightly wooded areas offering landscaping or development potential. It's important to note that the property line straddles the border between Frenchtown Township and the City of Monroe, but all administrative functions fall under the City of Monroe. Importantly, this property is not located within a Special Flood Hazard Area (per FEMA), and essential utilities (electricity, natural gas, water, and sewer) are readily available. The asking price is $319,900. This property offers significant potential for investors seeking a prime location for commercial development in a high-traffic area with established infrastructure and minimal environmental risk. The existing structure presents an opportunity for demolition and construction of a new building tailored to current market demands.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Monroe
    State
    Michigan
    Longitude
    -83.4103
    Latitude
    41.9338
    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
    $57
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      111 Roessler St, Unit V

      VACANT COMMERCIAL LAND • 0.13 Acres
      111 Roessler St, Monroe, MI 48162-2834
      View Details
    • Value Estimation by Request
      2.50 Acres

      1634 Telb St, Unit V

      VACANT COMMERCIAL LAND • 2.50 Acres
      1634 Telb St, Monroe, MI 48162-2572
      View Details
    • Value Estimation by Request
      4.20 Acres

      Dixie Hwy

      VACANT COMMERCIAL LAND • 4.20 Acres
      Dixie Hwy, Monroe, MI 48162
      View Details
    • Value Estimation by Request
      2.10 Acres

      Dixie Hwy

      VACANT COMMERCIAL LAND • 2.10 Acres
      Dixie Hwy, Monroe, MI 48162
      View Details
    • Value Estimation by Request
      6.10 Acres

      1111 Elm Ave

      VACANT COMMERCIAL LAND • 6.10 Acres
      1111 Elm Ave, Monroe, MI 48162-2885
      View Details
    • Value Estimation by Request
      2.50 Acres

      730 Huber Drv

      VACANT COMMERCIAL LAND • 2.50 Acres
      730 Huber Drv, Monroe, MI 48162-3327
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,190 SF

      Monroe Commercial Land Opportunity

      Two acres of commercial land available on North Monroe Street.
      1491 N Monroe St, Monroe, MI 48162
      View Details
    • $150,000

      Commercial Land For Sale

      Three acres of commercial property in a great location.
      N Telegraph Rd, Monroe, MI 48162
      View Details
    • $250,000
      3.45 Acres

      Monroe Commercial Land For Sale

      Two PUD-zoned lots suitable for various commercial uses.
      011 Frenchtown Ctr Dr, Monroe, MI 48162
      View Details
    • $1,299,000

      Monroe Prime Retail Corridor Land

      Development-ready land in Monroe's prime retail corridor.
      1811 N Telegraph Rd, Monroe, MI 48162
      View Details
    • $399,900

      38.40 Acres Near I-75/I-275

      38.40-acre parcel near I-75 and I-275, suitable for development.
      Nadeau Rd, Monroe, MI 48162
      View Details
    • $150,000

      Commercial Land For Sale

      3 acres of commercial property in a great location.
      N Telegraph Rd, Monroe, MI 48162
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      4,250 SF

      400 Detroit

      Land • 4,250 SF
      400 Detroit Ave, Monroe, MI 48162
      View Details
    • $12 SF/Yr

      Hampton Plaza Retail Space

      Monroe County Shopping Center Space Available
      1343 Telegraph Rd, Monroe, MI 48162
      View Details
    • $10 SF/Yr
      7,190 SF

      Prime Monroe County Medical Office

      7,190 SF Medical Office - High Visibility
      814 Macomb St, Monroe, MI 48162
      View Details
    • $13 SF/Yr

      Prime Monroe Retail Space

      High-traffic, 800 sq ft retail space.
      306 Telgraph, Monroe, MI 48162
      View Details
    • $15 SF/Yr

      Prime Medical Office Suite Monroe County

      1,150 SF Medical Office For Lease
      905 Macomb St, Monroe, MI 48162
      View Details
    • $10 SF/Yr
      4,416 SF

      Monroe Commercial Land & Building

      1.62-acre lot, 4,416 sq ft building
      2600 Monroe St, 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.
    833 Telegraph Rd
    Monroe, MI 48162-3338
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.