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    Property profile & analytics

    7050 Grafton Rd Newport, MI 48166

    • Office Properties & Spaces
    • 4,050 SF
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 7050 Grafton Rd

    Property size
    4,050 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional single-tenant medical or commercial office building, located at 7050 Grafton Suite 4, Newport, MI, offers 4,050 square feet of versatile space. Situated on a generous 8.9-acre lot, this high-visibility property enjoys a central location just off Telegraph Road, ensuring excellent traffic flow and accessibility. Built in 1992, the building provides a flexible layout suitable for a range of professional uses, from small medical practices to larger businesses. The property's prominent position makes it ideal for businesses seeking high visibility and convenient access for clients and employees. The single-tenant occupancy provides a streamlined operational environment. This presents a unique opportunity to establish or expand your business in a thriving community. The ample lot size offers potential for future expansion or development. The property is classified as both office and land, offering significant flexibility for the prospective buyer or tenant. This is a rare opportunity to acquire a well-maintained, strategically located property in Monroe County. The building's size and location make it an attractive option for businesses seeking a strong presence in a growing market. Don't miss this chance to secure a prime commercial space in a desirable location.

    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
    -83.2641
    Latitude
    41.9419

    Comparable in this City

    • Value Estimation by Request
      4,050 SF

      7050 Grafton Rd

      Medical offices • 4,050 SF
      7050 Grafton Rd, Newport, MI 48166
      View Details
    • Value Estimation by Request
      4,050 SF

      7050 Grafton Rd

      Medical offices • 4,050 SF
      7050 Grafton Rd, Newport, MI 48166
      View Details
    • Value Estimation by Request
      10,983 SF

      7505 Grafton Rd

      MEDICAL BUILDING • 10,983 SF
      7505 Grafton Rd, Newport, MI 48166-8908
      View Details
    • Value Estimation by Request
      37,447 SF

      7500 Telegraph Rd

      DENTAL BUILDING • 37,447 SF
      7500 Telegraph Rd, Newport, MI 48166-8914
      View Details
    • Value Estimation
      $1,020,000
      22,552 SF

      7825 Dixie Hwy

      MEDICAL BUILDING • 22,552 SF
      7825 Dixie Hwy, Newport, MI 48166-9750
      View Details
    • Value Estimation by Request
      3,928 SF

      7521 Telegraph Rd

      MEDICAL BUILDING • 3,928 SF
      7521 Telegraph Rd, Newport, MI 48166-9398
      View Details

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    Similar Nearby for Lease

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      Newport Medical Office Space

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    • $10 SF/Yr
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      Grafton Road Medical Office Space

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      Prime Medical Office Space in Newport

      Single-tenant office, 3,928 sq ft, high visibility.
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      4,050 SF

      Newport Medical Office Space

      Prime Medical/Office Building, 4050 SF
      7050 Grafton Rd, Newport, MI 48166
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      Newport Office & Land Investment

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    7050 Grafton Rd
    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.

    More about this property
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