Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8198 Dixie Hwy Charter Township of Berlin, MI 48166
    Back to Search
    Property profile & analytics

    8198 Dixie Hwy Charter Township of Berlin, MI 48166

    View on Map
    • Lifestyle centers
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 8198 Dixie Hwy

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional retail opportunity is located at 8198 N Dixie Hwy, Newport, Michigan, within the Charter Township of Berlin (zip code 48166). The property, known as Fermi III, is a 1.33-acre lot featuring a recently updated shopping center with multiple tenancies. Currently, one 1,000 square foot retail space is available for lease. Alternatively, two separate 1,000 square foot units can be combined to create a larger 2,000 square foot space. The property enjoys a high-traffic location, benefiting from an average daily traffic count of 4200 vehicles. Its strategic placement adjacent to Fermi III and alongside a thriving convenience store ensures excellent visibility and potential customer base. This versatile space is ideally suited for a variety of retail, restaurant, or service-based businesses. The lease is a gross lease. The property is situated in Monroe County and offers a single building suite within a well-maintained shopping center. This is a rare opportunity to establish a business in a high-traffic area with excellent visibility and established neighboring businesses. Contact us today to learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charter Township of Berlin
    County
    Monroe
    State
    Michigan
    Longitude
    -83.282
    Latitude
    41.9961

    Comparable in this City

    • Value Estimation by Request

      8196 Dixie Hwy

      Lifestyle centers
      8196 Dixie Hwy, Charter Township of Berlin, MI 48166
      View Details
    • Value Estimation by Request
      16,239 SF

      3132 Newport Rd

      MINI-MALL • 16,239 SF
      3132 Newport Rd, Newport, MI 48166-6100
      View Details
    • Value Estimation by Request

      3132 Charter Township Of

      Land
      3132 Charter Township Of, Charter Township of Berlin, MI 48166
      View Details
    • Value Estimation by Request
      107.00 Acres

      8200 Newport Rd

      Land • 107.00 Acres
      8200 Newport Rd, Charter Township of Berlin, MI 48166
      View Details
    • Value Estimation by Request
      122.00 Acres

      Labo Rd

      Land • 122.00 Acres
      0 Labo Rd, Carleton, MI 48166
      View Details
    • Value Estimation by Request
      22.59 Acres

      Newport Mi Vacant Land Charter Township Of

      Land • 22.59 Acres
      0 Newport Mi Vacant Land Charter Township Of, Charter Township of Berlin, MI 48166
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      8830 Swan Creek Rd, Newport, MI 48166
      View Details
    • Contact for pricing

      Land Site Approved for Units

      Land site approved for 88 units with golf course frontage.
      Newport Rd, Newport, MI 48166
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      800 E Newport Rd, Carleton, MI 48166
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      E Labo Rd, Newport, MI 48166
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      8200 Newport Rd S, Berlin, MI 48166
      View Details
    • $599,000

      Newport Land: Prime Investment Opportunity

      Vacant land, renewable energy potential, high ROI.
      2552 Newport Charter Township Of, Charter Township of Berlin, MI 48166
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,000 SF

      Retail Space in Shopping Center

      Retail or office space available in a shopping center.
      3132 Newport Rd, Newport, MI 48166
      View Details
    • $10 SF/Yr
      4,050 SF

      Grafton Road Medical Office Space

      Prime Monroe County medical/office building.
      7050 Grafton Rd, Newport, MI 48166
      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.
    8198 Dixie Hwy
    Charter Township of Berlin, MI 48166
    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
    8198 Dixie Hwy, Charter Township of Berlin, MI, 48166
    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!