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    Freestanding Restaurant with Outdoor Café Title is generated by Realmo AI

    3807 Fort St, Wyandotte, MI 48192

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    New
    For Lease
    $15 SF/Yr $3,747/Mo (calc)

    Renovated freestanding building with an outdoor café and open layout, designed for restaurant and retail concepts.

    Type:Retail
    Property size:
    2,998 SF
    Lot size:
    0.55 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 1:52 am

    Property Features for 3807 Fort St

    General Information

    Standard status
    Active
    Size
    2,998 SF
    Lot size
    0.55 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1956

    Spaces For Lease

    at 3807 Fort St Contact us

    We can help!

    Listing Contact
    Wendy Acho
    Wendy Acho

    Listing agent Wendy Acho License #6501411463

    Listing office NAI Farbman - Corporate

    Listing date Jun 2, 2026

    Source Naiglobal

    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 NAI Farbman - Corporate

    HighLights

    • 2,998 SF freestanding retail/restaurant building at 3807 Fort St with 14 ft ceiling height
    • 2025 renovations include an outdoor café and an open floor plan
    • Zoned B‑2 (General Business District) for restaurant use
    • 0.55‑acre lot with 158' frontage on Fort St and 195' frontage on Orchard St
    • 47 surface parking spaces plus monument signage
    • Built in 1956; renovated in 2025

    Overview

    This renovated freestanding building offers an open floor plan with 14-foot ceiling height and features an outdoor café space. Built in 1956 and updated with 2025 renovations, the property is currently configured as a 2,998-square-foot retail/restaurant option, making it well suited for operators seeking a modern dining feel with flexible interior presence.

    The site provides 47 surface parking spaces and prominent monument signage. It also benefits from substantial street-facing frontage, with approximately 158 feet along Fort Street and about 195 feet along Orchard Street, supporting strong visibility for retail or culinary uses within the B-2 General Business District.

    Given the combination of high ceilings, a layout designed for an active customer environment, and dedicated outdoor café space, this property is a practical fit for restaurant concepts that want an indoor/outdoor experience. The B-2 zoning also supports broader general business activity within the retail/restaurant framework, making it an appealing choice for investors and tenants looking for a turn-key-style opportunity with established physical presence.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.1904
    Latitude
    42.1883

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    FAQs

    What type of property is this?
    Conventional restaurant - Renovated freestanding building with an outdoor café and open layout, designed for restaurant and retail concepts.
    Where is this conventional restaurant located?
    The property is located at 3807 Fort St Wyandotte, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,998 SF freestanding retail/restaurant building at 3807 Fort St with 14 ft ceiling height; 2025 renovations include an outdoor café and an open floor plan; Zoned B‑2 (General Business District) for restaurant use
    (248) 563-0739
    We can help!
    Listing Contact
    Wendy Acho
    Wendy Acho
    Real Estate License ID: 6501411463
    Learn More
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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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