Property profile

3132 Newport Rd Newport, MI 48166

OFF-MARKET
Community centers
Property ID
US43-0600076
16,239 SF 2.71 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a commercial space within a shopping center located just west of I-75 at exit 21, adjacent to a Burger King and a gas station. It is configured to support office or retail use and was described as suitable for medical/urgent care, retail, or office tenants. The owner had been willing to build to suit, indicating the space may be capable of tenant-specific improvements. The space comprises approximately 1,000 square feet and was presented under a triple-net (NNN) lease structure with CAM charges described as $3.50, though specific leasing terms and tenant lineup are not part of the physical configuration.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Total area 16,239 SF
Lot 2.71 ac (118,048 SF)
APN 03-001-110-20
UPID US43-0600076

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
  • Training Center
  • Physician
  • Medical Clinic
  • Pediatrician Physician
  • Medical Clinic

Location

3132 Newport Rd Newport, MI 48166-6100
Newport metro Census 830200 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
$1.13M

Owner & transaction history

since 2017
5 recorded transactions
2017
$1.6M
2014
Price N/A
2014
$1.1M
2009
Price N/A
2007
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3132 Newport Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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