Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14693 E Eight Mile Rd Warren, MI 48089

    Sponsored
    For Lease
    $4,000 /Mo ($77 SF/Yr)

    Business And Real Estate - Warren, MI

    Property size:
    616 SF
    Lot size:
    0.09 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 29 at 2:06 am

    Property Features for 14693 E Eight Mile Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    1336453066
    Size
    616 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1948
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Arash Goneh-Farahani

    Golden Key Realty Group LLC (734) 623-3132

    Listing agent Arash Goneh-Farahani (248) 422-6962

    Listing date Jan 28, 2026

    MLS# 20261005658 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant Space Available

    This turnkey diner and take-out restaurant is available for lease. The 616-square-foot space is fully operational and ready for a new owner. It features an efficient layout and existing equipment, situated in a proven location suitable for fast-casual, take-out, or small dine-in concepts. The property benefits from high-visibility frontage and consistent local traffic, providing excellent exposure and customer flow. This is an opportunity to acquire a functioning food-service operation without incurring the costs or time associated with a complete build-out. The tenant is responsible for common area maintenance, all utilities, and building and liability insurance. The equipment and setup are provided in as-is condition. The property is zoned for commercial use and is located in Warren, MI, with a lot size of 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mercurio Food Specialties

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9953
    Latitude
    42.4702

    Nearby Similar for Lease

    • $1,800 /Mo
      13,433 SF

      Professional Office Space For Lease

      Clean, furnished office space in high-visibility location with utilities included.
      30521 Schoenherr Rd, Warren, MI 48088
      View Details
    • $4,000 /Mo
      616 SF

      Turnkey Diner/Take-Out Restaurant For Lease

      Fully operational 600 sq ft restaurant ready for its next owner.
      14693 E Eight Mile Rd, Warren, MI 48089
      View Details
    • $650 /Mo
      3,900 SF

      Office Suites For Rent

      Office suites available for rent with private bathrooms.
      27440 Hoover Rd, Warren, MI 48093
      View Details
    • $2,600 /Mo
      3,500 SF

      Warren Medical Office Space

      3,500 Sqft medical office space for lease in Warren.
      25932 Dequindre Rd, Warren, MI 48091
      View Details
    • $3,000 /Mo
      6,640 SF

      Retail Space on Ryan Road

      End-cap retail unit with high visibility on busy corner.
      31850 Ryan Rd, Warren, MI 48092
      View Details
    • $4,958 /Mo

      Industrial Facility with Office Space

      Well-equipped commercial/industrial facility with modern amenities and heavy-duty infrastructure.
      13920 E 9 Mile Rd Rd, Warren, MI 48089
      View Details
    • $1,400 /Mo

      Versatile Commercial Space For Rent

      Commercial space with high visibility, suitable for retail or office.
      29417 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      9,157 SF

      Heritage Village: Warren Retail Space

      Prime Warren Retail Center - 9,157 SF Available
      29359-29315 Mound Rd, Warren, MI 48092
      View Details
    • $11 SF/Yr
      15,000 SF

      Macomb County Warehouse For Lease

      15,000 SF Warehouse, Excellent Location
      24660 Dequindre Rd, Warren, MI 48091
      View Details
    • $1,400 /Mo

      Versatile Commercial Space For Lease

      Commercial space with high visibility, suitable for various businesses.
      29423 Hoover Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      14,333 SF

      Warren Retail Center Opportunity

      High-traffic retail space near GM Tech Center
      8301 Twelve Mile Rd, Warren, MI 48093
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near GM Tech

      Retail spaces with high visibility near major traffic generators.
      29315-29359 Mound Rd, Warren, MI 48092
      View Details

    FAQs

    What type of property is this?
    Restaurant - Ready-to-operate diner/take-out restaurant for lease in Warren, MI.
    Where is this restaurant located?
    The property is located at 14693 E Eight Mile Rd Warren, MI.
    What is the lease rate?
    The lease rate is $77 SF/Yr.
    What are key features of this property?
    This property features: - Turnkey, fully operational diner/take-out restaurant – ready for immediate operation.; - High-visibility frontage and steady local traffic ensure excellent exposure.; - Efficient 600 sq ft layout optimized for fast-casual, take-out, or small dine-in concepts.
    (248) 422-6962
    Request Owner's contact information
    14693 E Eight Mile Rd Warren, MI 48089
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    14693 E Eight Mile Rd
    Warren, MI 48089
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    14693 E Eight Mile Rd Warren, MI 48089
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Arash Goneh-Farahani
    (248) 422-6962
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.