Property profile

8736 Swan Creek Rd Newport, MI 48166

FOR SALE
Retail space
Property ID
US43-0723676
1,368 SF 0.08 ac lot
Trust Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a freestanding block building that was completely remodeled and includes multiple exterior updates such as a replaced gable roof, new siding and trim, as well as newer windows, a newer furnace, air conditioning, and fresh interior finishes. The interior features updated bathrooms, hardwood flooring, and vinyl flooring in the kitchen and conference room. There is an additional walk-out basement with approximately 9-foot ceilings that is partially finished, and the lower level includes a garage and another newer furnace. Located in downtown Newport, the building has access to major regional roadways including I-75, I-275, and Telegraph Road, and additional parking is available to the rear. The property is approximately 1,368 square feet with a lot size of about 0.16 acres, and its configuration supports a range of commercial uses such as retail, office, or service-oriented uses (e.g., medical or insurance-related).

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,368 SF
Lot 0.08 ac (3,615 SF)
APN 03-001-066-00
UPID US43-0723676

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
  • Insurance Agency
  • Alternative Medicine Practice Spa & Massage Center

Location

8736 Swan Creek Rd Newport, MI 48166
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
$325k

Owner & transaction history

since 2019
1 recorded transaction
2019
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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