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    7986 N Telegraph Rd Newport, MI 48166
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    7986 N Telegraph Rd, Newport, MI 48166

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    • Flex space
    • 100,918 SF
    • 14.41 lot acres
    For Lease
    $9 SF/Yr
    View Listing →
    Versatile Industrial Office Space Available For Lease
    $9 SF/Yr
    5,250 SF

    Versatile Industrial Office Space Available

    Spacious industrial office space for lease with on-site amenities.

    7986 N Telegraph, Newport, MI 48166
    View Listing
    Property ID
    US43-1972506
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • L C B Enterprises Inc / Production Facility
    • ICF Foundations / Construction Company / General Contractor

    Property Details for 7986 N Telegraph Rd

    Year built
    1966
    Lot size
    14.41 lot acres
    Property type
    Flex space
    APN
    07-009-043-00
    APU
    700904300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 8, 2024 — Cox Real Estate I LLC — Deed · related $226k · Bank Of Ann Arbor
    Nov 29, 2022 — Cox Real Estate I LLC — Deed · related $1.7M · Bank Of Ann Arbor
    Aug 18, 2014 $1,600,000 Cox Real Estate I LLC Ace Packaging Systems INC Special Warranty Deed $1.7M · Fifth Third Bank

    Description

    This exceptional 14.4-acre commercial property in Newport, Michigan, presents a unique investment opportunity. The property features a 5,250 square foot office building with one suite, ideal for a variety of businesses. Located on N Telegraph Road (US-24), this prime location offers unparalleled access to major transportation arteries, including I-275 and I-75, and is conveniently situated less than a mile from I-275 and I-75, and just 15 minutes from Detroit Metropolitan Airport (DTW). The office space boasts 10-foot ceilings, creating a spacious and flexible layout easily adaptable to various business needs. The interior includes private offices and open workspaces, allowing for customized configurations. Modern amenities such as high-speed internet connectivity, efficient heating and cooling systems, and abundant natural light enhance the workspace. The property also includes an employee break area and dedicated restrooms within the suite, along with ample parking and secure access control. Additional semi-parking and warehouse space may be available upon request. This property is situated in Monroe County and offers a combined office and land opportunity with significant potential. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Monroe
    State
    Michigan
    Longitude
    -83.3615
    Latitude
    41.9922
    CBSA code
    33780
    CBSA name
    MONROE, MI METROPOLITAN STATISTICAL AREA

    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
    2023
    $56,342
    $0.00
    $0.00
    $1,816,100
    -
    $0.00
    $0.00
    $3,632,200

    Comparable in this City

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      50,000 SF

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      5,160 SF

      5151 Post Rd

      LIGHT INDUSTRIAL
      5151 Post Rd, Newport, MI 48166-9733
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    • Value Estimation by Request
      13,730 SF

      8144 Newport S Rd

      LIGHT INDUSTRIAL
      8144 Newport S Rd, Newport, MI 48166-9601
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    • Value Estimation by Request
      0.33 Acres

      Stony Crk Rd

      INDUSTRIAL (GENERAL)
      Stony Crk 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
      1,200 SF

      Roelant Rd

      INDUSTRIAL (GENERAL)
      Roelant Rd, Newport, MI 48166
      View Details

    Similar Nearby for Sale

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      Prime Development Land For Sale

      2.71 acres with frontage on Newport Rd, near I-75/I-275.
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    • $70,000
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      Commercial Land in Frenchtown Twp

      1.65 acre commercial parcel ready for development.
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      Vacant Land Near Monroe

      1.15 acre commercial land parcel for sale or lease.
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    • $100,000

      00000 N DIXIE, Monroe, MI 48166

      Commercial land
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      Telegraph Road Development Opportunity

      6.52-acre parcel on Telegraph Road, Newport, suitable for development.
      0000 Telegraph Rd, Newport, MI 48166
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    • $42,900
      0.67 Acres

      Residential Land in Newport, MI

      Corner lot perfect for building a dream home.
      7518 Superior Ave, Newport, MI 48166
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    Similar Nearby for Lease

    • 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
      View Details
    • Contact for pricing
      4,000 SF

      Versatile Warehouse and Office Space

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

      Spacious Warehouse with Office Option

      Adaptable warehouse with optional office space for rent.
      7986 N Telegraph B, Newport, MI 48166
      View Details
    View Listing
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    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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