Freestanding Convenience Store
For Sale
$599,000
13805 Plumbrook Road, Sterling Heights, MI 48312
The former convenience store building is available for lease in Sterling Heights.
Property Size2,400 SF
Price / SF$249.58
Days on Market11
Property Features for 13805 Plumbrook Road
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Building Size
2,400 SF
Year Built
1970
Listing Agency:
Pilot Property Group - Residential LLC
Listed By:
Alexander Termini · License #6501392648
(586) 291-0499
Source:
Buskardgroup
Added: Oct 19
Changed: Oct 25
Last Checked: Oct 26 at 3:48AM
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 Pilot Property Group - Residential LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A freestanding convenience store building, constructed in 1970, contains 2,400 square feet. The property is located at 13805 Plumbrook Road in Sterling Heights, Michigan.
The building is identified as a former 7-Eleven location and is available for lease.
The building is identified as a former 7-Eleven location and is available for lease.
Key Highlights
- 2,400‑square‑foot freestanding building
- Built in 1970
- Former 7‑Eleven location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,902
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,040
$618.0K
Cap Rate 7%
$441,457
$441.5K
Cap Rate 9%
$343,356
$343.4K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$44.6K $18.60/SF
− Vacancy
−$3.4K −$1.43/SF
EGI
$41.2K $17.17/SF
− OpEx
−$10.3K −$4.29/SF
NOI
$30.9K $12.88/SF
Area
Sterling Heights, MI
Vacancy
7.70%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$618,040
Cap Rate 7%
$441,457
Cap Rate 9%
$343,356
Alternative Uses
Best Use
Specialty Retail
$441.5K
$386.3K – $515.0K
NOI $30,902 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$412.0K
$360.5K – $480.7K
NOI $28,842 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$529.4K
$463.3K – $617.7K
NOI $37,061 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
17,030 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,760 visits/mo
0.0 miles
Demographics for 48312, MI
34,854
Population
14,282
Households
2.4
Avg Household Size
42
Median Age
31%
College-Educated
87%
High-School Grad
11.1 sq mi
ZIP Area
3,140
Density / Sq Mi
$71,266
Median Household Income
$40,488
Median Earnings
$1,176
Median Rent
$253,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The former convenience store building is available for lease in Sterling Heights.
Where is this grocery and convenience store located?
The property is located at 13805 Plumbrook Road Sterling Heights, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,400‑square‑foot freestanding building; Built in 1970; Former 7‑Eleven location
