Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5115 N Dixie Hwy Newport, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.18-acre parcel with high visibility and traffic.

    Type:LAND
    Lot size:
    1.09 Acres
    Added:
    Aug 25, 2025
    Days on Market:
    247
    Last Refresh:
    Apr 5 at 10:44 pm

    Property Features for 5115 N Dixie Hwy

    General Information

    Standard status
    Active
    Lot size
    1.09 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Thomas Fritz

    Listing agent Thomas Fritz License #6501447424

    Listing office Coldwell Banker Commercial Haynes Real Estate

    Listing date Aug 25, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Haynes Real Estate

    Overview

    Prime Commercial Land Opportunity

    This 2.18-acre parcel is suitable for various commercial applications due to its high visibility and traffic volume. The site benefits from its proximity to Jefferson Schools and established businesses, which may provide a consistent customer base. The property features frontage on N Dixie Highway, offering exposure for potential retail, office, or service-oriented developments. Utilities are accessible at the street. Its location provides convenient access to I-75, facilitating connectivity for local and regional traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Pharmacy Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3038
    Latitude
    41.953

    Nearby Similar for Sale

    • $149,900

      Residential Land in Desirable Location

      Cleared, buildable corner lot near Lake Erie in Newport, MI.
      Parcel E Masserant, Newport, MI 48166
      View Details
    • $58,999

      Residential Land in Stevens Estral

      One-acre vacant lot in established Newport subdivision.
      7195 Center Street, Newport, MI 48166
      View Details
    • $176,000

      Water View Land Parcel

      Land parcel with water views across from Lake Erie.
      Sterling Drive, Newport, MI 48166
      View Details
    • $14,999

      Residential Land in Desirable Neighborhood

      0.36 acre wooded lot near amenities for building or investment.
      7800 Sovey Drive, Newport, MI 48166
      View Details
    • $700,000

      30-Acre Parcel on Telegraph Road

      30.25-acre parcel ideal for commercial, residential, or mixed-use development.
      Telegraph, Newport, MI 48166
      View Details
    • $49,900

      Lakefront Land in Newport, MI

      Vacant land in lakefront community with lake and beach access.
      4450 Sycamore, Newport, MI 48166-9017
      View Details
    • $42,900

      Residential Corner Lot in Newport

      Corner lot ideal for building a dream home.
      7518 Superior, Newport, MI 48166
      View Details
    • $599,900

      Telegraph Road Development Opportunity

      6.52-acre parcel on Telegraph Road, Newport, suitable for development.
      0000 Telegraph Road, Frenchtown Township, MI 48166
      View Details
    • $139,900

      Buildable Land in Newport, MI

      Cleared 5.23-acre lot, ideal for a family home.
      Parcel B Masserant, Newport, MI 48166
      View Details
    • $109,900

      Residential Land in Newport, MI

      Buildable parcel near Lake Erie in Berlin Township.
      Parcel C Masserant, Newport, MI 48166
      View Details
    • $129,900

      Residential Land in Newport, MI

      Cleared 3.66 acre lot near Lake Erie.
      Parcel A Masserant, Newport, MI 48166
      View Details
    • $325,000
      118,080 SF

      Prime Development Land For Sale

      2.71 acres with frontage on Newport Rd, near I-75/I-275.
      Newport, MI 48166
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.18-acre parcel with high visibility and traffic.
    Where is this commercial land located?
    The property is located at 5115 N Dixie Hwy Newport, MI.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: High traffic counts and excellent visibility on N Dixie, ideal for commercial development.; 2.18‑acre parcel suitable for retail, office, or service businesses.; Proximity to Jefferson Schools and established businesses ensures steady customer flow.
    (734) 625-7100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Thomas Fritz
    Real Estate License ID: 6501447424
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!