Property profile

7986 N Telegraph Rd Newport, MI 48166

FOR LEASE
Flex space
Property ID
US43-1972506
100,918 SF 14.41 ac lot Built 1966
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a warehouse facility designed for storage and light work areas, featuring 18-foot-high ceilings and a 10-foot-high garage door for loading and unloading. The warehouse totals 11,000 square feet and is arranged as two heated units of approximately 4,000 square feet and 7,000 square feet. An adjacent 5,250-square-foot office space is included in the layout, which can support administrative use and customer-facing functions. The overall configuration provides a combination of warehouse space with office accommodations and is suited to businesses that require both secured storage/work areas and onsite office space.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1966
Total area 100,918 SF
Lot 14.41 ac (627,656 SF)
APN 07-009-043-00
UPID US43-1972506

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility
  • Construction Company General Contractor

Location

7986 N Telegraph Rd Newport, MI 48166
Newport metro Census 831202 MONROE, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.67M

Owner & transaction history

since 2014
3 recorded transactions
2024
Price N/A
2022
Price N/A
2014
$1.6M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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