Turnkey Juice and Eatery
For Sale
$449,900
1234 Plymouth Unit SourceFi, Livonia, MI 48150
Operating franchise business with landlord permission to add a drive-through window.
Property Size1,610 SF
Price / SF$279.44
Days on Market193
Property Features for 1234 Plymouth Unit SourceFi
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Drive-Thru
No
Amenities
3
Building Details
Year Built
20
Listing Agency:
New Michigan Realty, LLC
(248) 756-2833
Listed By:
Steven Bahoura · License #416682
(248) 756-2833
Source:
Xome
Added: Feb 20
Changed: Aug 30
Last Checked: Aug 31 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New Michigan Realty, LLC
Investment Insights
Based on property information with market context.
This operating Beyond Juicery + Eatery business is located in a shopping center out lot in Livonia, Michigan. The sale includes an established restaurant operation with trained staff, operating procedures, vendor relationships, and franchise support intended to facilitate a transition. The concept serves juices, smoothies, bowls, and other wellness-oriented menu items.
The property is positioned in Wayne County near Urban Air, with Vasa Fitness identified as a future neighboring gym. Existing features include abundant parking and visibility within the suburban center. The landlord has agreed to permit installation of a drive-through window, providing an additional operating format for the business.
The property is positioned in Wayne County near Urban Air, with Vasa Fitness identified as a future neighboring gym. Existing features include abundant parking and visibility within the suburban center. The landlord has agreed to permit installation of a drive-through window, providing an additional operating format for the business.
Key Highlights
- Operating Beyond Juicery + Eatery business in Livonia, MI
- Shopping center out lot in Wayne County near Urban Air
- Landlord permission to install a drive‑through window
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,866
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,320
$417.3K
Cap Rate 7%
$298,086
$298.1K
Cap Rate 9%
$231,844
$231.8K
Market Conditions
NOI Build-Up for 1,610 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$29.0K $18.00/SF
− Vacancy
−$1.2K −$0.72/SF
EGI
$27.8K $17.28/SF
− OpEx
−$7.0K −$4.32/SF
NOI
$20.9K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$417,320
Cap Rate 7%
$298,086
Cap Rate 9%
$231,844
Alternative Uses
Best Use
Specialty Retail
$298.1K
$260.8K – $347.8K
NOI $20,866 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Marathon Petroleum
Shops & Services
10,180 visits/mo
0.1 miles
Arby's
Dining
6,757 visits/mo
0.2 miles
Mobil
Shops & Services
6,215 visits/mo
BP
Shops & Services
6,180 visits/mo
0.1 miles
Public Service Credit Union
Shops & Services
5,915 visits/mo
0.4 miles
Demographics for 48150, MI
26,573
Population
10,724
Households
2.5
Avg Household Size
42
Median Age
36%
College-Educated
96%
High-School Grad
12.1 sq mi
ZIP Area
2,196
Density / Sq Mi
$94,058
Median Household Income
$50,779
Median Earnings
$1,328
Median Rent
$228,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating franchise business with landlord permission to add a drive-through window.
Where is this conventional restaurant located?
The property is located at 1234 Plymouth Unit SourceFi Livonia, MI.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Operating Beyond Juicery + Eatery business in Livonia, MI; Shopping center out lot in Wayne County near Urban Air; Landlord permission to install a drive‑through window
