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    7986 Telegraph B Newport, MI 48166
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    7986 Telegraph B, Newport, MI 48166

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    • Warehouses
    • 100,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 7986 Telegraph B

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional industrial property in Newport, Michigan, offers a substantial 100,000-square-foot warehouse situated on a 14.4-acre lot in Monroe County. The warehouse features 18-foot-high ceilings, providing ample vertical storage capacity, and is equipped with a 10-foot-high garage door for convenient loading and unloading. Currently configured as a single suite, the space is highly adaptable to various business needs. While the entire 100,000 square feet is available, a portion of the warehouse was previously divided into two units, one 4,000 square feet and the other 7,000 square feet, both of which were heated. An additional 5,250 square feet of adjacent office space is also available for lease, providing a seamless transition for administrative functions or client interaction. This property presents a unique opportunity for businesses requiring a combination of expansive warehouse storage and dedicated office space in a prime Monroe County location. The property's size and features make it suitable for a wide range of industrial and commercial uses. The 48166 zip code offers convenient access to major transportation routes, enhancing logistical efficiency. This versatile property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3621
    Latitude
    41.992

    Comparable in this City

    • Value Estimation by Request

      Charter Township of Swan Crk Rd

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      Charter Township of Swan Crk Rd, Charter Township of Berlin, MI 48166
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    • Value Estimation
      $29,450,000
      1,000,000 SF

      Telegraph Rd

      DISTRIBUTION WAREHOUSE
      Telegraph Rd, Newport, MI 48166
      View Details
    • Value Estimation
      $45,850,000
      453,206 SF

      8857 Swan Crk Rd

      MINI-WAREHOUSE, STORAGE
      8857 Swan Crk Rd, Newport, MI 48166-9275
      View Details
    • Value Estimation by Request
      4,800 SF

      5145 Dixie Hwy

      STORAGE YARD, OPEN STORAGE
      5145 Dixie Hwy, Newport, MI 48166-9524
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    • Value Estimation
      $3,285,000
      23,464 SF

      4525 Erie St

      STORAGE YARD, OPEN STORAGE
      4525 Erie St, Newport, MI 48166-9502
      View Details
    • Value Estimation by Request
      25,068 SF

      4088 Brest Rd

      MINI-WAREHOUSE, STORAGE
      4088 Brest Rd, Newport, MI 48166-9056
      View Details

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      9+ acre land parcel ideal for building your dream home.
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      Land For Sale

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      22.59 Acres Off I-75

      22.59 acres of vacant land for sale off I-75.
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    Similar Nearby for Lease

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      4,000 SF

      Versatile Warehouse and Office Space

      Adaptable warehouse with optional office space for rent.
      7986 N Telegraph Rd, Newport, MI 48166
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    • Contact for pricing

      Versatile Industrial Office Space Available

      Spacious industrial office space for lease with on-site amenities.
      7986 N Telegraph Rd, Newport, MI 48166
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      Spacious Warehouse with Office Option

      Adaptable warehouse with optional office space for rent.
      7986 N Telegraph B, Newport, MI 48166
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    • $10 SF/Yr
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      Grafton Road Medical Office Space

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    7986 Telegraph B
    Newport, MI 48166
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    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.

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