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Property profile & analytics

8858 Telegraph Rd Newport, MI 48166-8942

  • Auto shops
  • 1,302 SF
  • 1.10 lot acres
OFF-MARKET
Value Estimation
$490,000
Last Sale
Sep 14, 2020
$450,000
Location Intelligence
Property ID
US43-0088466
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

  • 3 Rays Auto Wash / Self Service Car Wash

Property Details for 8858 Telegraph Rd

Year built
2005
Lot size
1.10 lot acres
Property size
1,302 SF
Property type
Auto shops
APN
07-003-022-11
APU
700302211

Description

This exceptional investment opportunity presents a fully renovated, high-traffic car wash and oil change facility located at 8858 N Telegraph Rd, Newport, MI 48166. The property boasts 7,000 square feet across two single-story buildings on a 1.1-acre lot, built in 2005. The car wash features four self-serve bays and an automatic wash bay, all recently remodeled. The oil change tenant occupies a portion of the space and pays a triple-net lease of $2,000 per month. Two new compressors have been recently installed. The asking price is $1,500,000, representing $214.29 per square foot and $750,000 per unit. The property is situated in Monroe County, Michigan, in a high-traffic area along N Telegraph Rd, offering significant potential for continued growth and profitability. All measurements are approximate and should be independently verified. The property features a standard ownership structure and the APN is 580700302211. This is a turnkey operation ideal for an investor seeking a stable, income-generating asset in a prime location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $525,000
  • CAP approach

    CAP return
    Estimation
    6%
    $420,000
    6.5%
    $440,000
    7%
    $420,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $475,000
    Geo Method
    $425,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $450,000
    Retail
    $400,000
    Mixed-Use
    $395,000
    Hospitality
    $370,000
    Educational
    $375,000
    Residential Income
    $380,000
    Energy
    $400,000
    Income-Based Land
    $440,000
    Food Service
    $380,000

Location Insight

  • Map
  • Local Demand
City
Newport
County
Monroe
State
Michigan
Longitude
-83.3542
Latitude
42.006
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
$4,833
$0.00
$0.00
$110,200
-
$0.00
$0.00
$220,400
More about this property
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