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    Property profile & analytics

    7460 State Hwy M123 Newberry, MI 49868-8124

    • Commercial land
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-4286427
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 7460 State Hwy M123

    Property type
    Commercial land
    APN
    003-003-036-6401
    APU
    30030366401

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Luce
    State
    Michigan
    Longitude
    -85.5084
    Latitude
    46.3385

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2017
    $0.00
    $0.00
    $0.00
    $12,300
    -
    $0.00
    $0.00
    $24,600

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      County Rd 441st Off

      VACANT COMMERCIAL LAND • 20.00 Acres
      County Rd 441st Off, Newberry, MI 49868
      View Details
    • Value Estimation by Request

      7460 State Hwy M123

      VACANT COMMERCIAL LAND
      7460 State Hwy M123, Newberry, MI 49868-8124
      View Details
    • Value Estimation by Request
      0.50 Acres

      2916 State Hwy M28

      VACANT COMMERCIAL LAND • 0.50 Acres
      2916 State Hwy M28, Newberry, MI 49868
      View Details
    • Value Estimation by Request
      25.24 Acres

      Newberry, MI 49868

      VACANT COMMERCIAL LAND • 25.24 Acres
      Newberry, MI 49868
      View Details
    • Value Estimation by Request

      Newberry, MI 49868

      VACANT COMMERCIAL LAND
      Newberry, MI 49868
      View Details
    • Value Estimation by Request
      2.80 Acres

      2916 State Hwy M28

      VACANT COMMERCIAL LAND • 2.80 Acres
      2916 State Hwy M28, Newberry, MI 49868
      View Details

    Similar Nearby for Sale

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      Land available for purchase.
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      12.00 Acres

      Waterfront Land Parcel on Chesbrough Lake

      Wooded 12-acre parcel with 1200 ft lake frontage.
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    • New
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      Secluded Riverfront Land Parcel

      45-acre parcel with 1,400 feet of Tahquamenon River frontage.
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      40 Acres of Hunting Land

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      0.73 Acres

      Land For Sale in Engadine

      Residential land suitable for building a home near Engadine, Michigan.
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      Pending

      Wooded Land in Luce County

      10-acre wooded parcel near Tahquamenon Falls and Lake Superior.
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    Request Owner's contact information
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    7460 State Hwy M123
    Newberry, MI 49868-8124
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    Realmo Value Estimation

    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.

    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.

    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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