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Property profile & analytics
FOR LEASE
Retail space
5071 N Dixie Rd Newport, MI 48166
Entity Owned
12-yr Hold
Free & Clear
Property ID
US43-0191261
For Lease
1 / 4
$850/Mo
5071 N Dixie Rd, Newport, MI 48166
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
7,216 SF
Lot
1.55 ac (67,518 SF)
APN
07-531-038-00
UPID
US43-0191261
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Supermatch G & A LLC Gun Shop
-
Shine Your Lite Nutrition Cafe & Coffee Shop
-
Buscemi's Pizza Restaurant
-
Imagine Pet Spa LLC Pet Grooming Service
-
Monroe Income Tax & Accounting Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$565k
Owner & transaction history
Canadian Investment Corp · 12 yrs held
Canadian Investment Corp
since 2014
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$660,000
+20.6%
Restaurant
$575,000
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$545,000
Current use
OFFICE BUILDING
$660,000
Change: +21% · Conversion: Easy
RESTAURANT
$575,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$545,000
Change: 0% · Conversion: Easy
AUTO REPAIR, GARAGE
$470,000
Change: -14% · Conversion: Difficult
WAREHOUSE, STORAGE
$445,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,555
Tax year 2023
Assessed value
$279,100
Assessed 2023
Previous assessed
$279,100
+0.0% YoY
Effective rate
4.14%
On assessed value
Total market value
$558,200
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
7,216 SF
Lot
1.55 ac (67,518 SF)
APN
07-531-038-00
UPID
US43-0191261
Jurisdiction
MONROE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$545,000
OFFICE BUILDING
Est. value
$660,000
RESTAURANT
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$445,000
RETAIL STORES Current
OFFICE BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Canadian Investment Corp
Entity
Free & Clear · 12 yrs held
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2014
$209,000
Canadian Investment Corp
Hoang Investments LLC
Warranty Deed
—
Aug 27, 2010
$280,000
Hoang Investments LLC
Fifth Third Bk
Grant Deed
—
Mar 3, 2009
$618,252
Fifth Third Bk
Sheriff Of Monroe County
Trustees Deed
related
—
May 30, 2008
—
Thomas R Wakechild
Wiggins Dev Group INC
Quit Claim Deed
related
—
—
—
Bay Plaza Brest
—
Deed Of Trust
related
—
—
—
Brest Bay Plaza INC
—
Deed Of Trust
related
$640,000 · Fifth Third Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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