Turnkey Florist Retail
For Sale
Contact for pricing
14100 Pennsylvania Rd, Southgate, MI 48195
Established florist operation with equipment, inventory, delivery van, and customer database included for a ready-to-run purchase.
Property Size1,400 SF
Price / SF$203.57
Days on Market62
Property Features for 14100 Pennsylvania Rd
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Business for Sale, Retail
Additional Details
Business Included
Yes
Listing Agency:
EXP Realty
Listed By:
Christos Filyo · License #427797
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 9 at 11:07AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This offering presents an established florist business available as a turnkey operation. The sale includes the business’s operating assets and supplies, such as equipment and inventory, along with a delivery van. A customer database is also included, supporting continuity for ongoing retail and delivery activity.
The business is offered for sale at 14100 Pennsylvania Rd, Southgate, MI 48195. Interested buyers can request details and schedule a viewing to review what’s included and how the operation is currently set up.
For a buyer looking to step into a functioning florist retail and delivery model, the included delivery vehicle and in-hand inventory-related components help reduce the lead time typically associated with launching a new operation. Because this is presented as a turnkey sale with the business’s customer database and associated materials included, it may be well suited for an operator who values continuity and prefers to acquire an existing, long-running retail service rather than start from scratch.
The business is offered for sale at 14100 Pennsylvania Rd, Southgate, MI 48195. Interested buyers can request details and schedule a viewing to review what’s included and how the operation is currently set up.
For a buyer looking to step into a functioning florist retail and delivery model, the included delivery vehicle and in-hand inventory-related components help reduce the lead time typically associated with launching a new operation. Because this is presented as a turnkey sale with the business’s customer database and associated materials included, it may be well suited for an operator who values continuity and prefers to acquire an existing, long-running retail service rather than start from scratch.
Key Highlights
- Established florist business with 50+ years of tradition and service
- Includes equipment, inventory, and a delivery van
- Customer database included for the business
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
$13,265
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
4.65%
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%
$265,300
$265.3K
Cap Rate 7%
$189,500
$189.5K
Cap Rate 9%
$147,389
$147.4K
Market Conditions
NOI Build-Up for 1,400 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
$20.2K $14.40/SF
− Vacancy
−$1.2K −$0.86/SF
EGI
$19.0K $13.54/SF
− OpEx
−$5.7K −$4.06/SF
NOI
$13.3K $9.48/SF
Area
Wayne County, MI
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$265,300
Cap Rate 7%
$189,500
Cap Rate 9%
$147,389
Alternative Uses
Best Use
Retail
$189.5K
$165.8K – $221.1K
NOI $13,265 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$259.2K
$226.8K – $302.4K
NOI $18,144 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
182k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Dining 26%
Home Improvements & Furnishings 19%
Shops & Services 15%
Kroger
Groceries
69,382 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
34,238 visits/mo
0.1 miles
Starbucks
Dining
16,942 visits/mo
0.2 miles
Tim Hortons
Dining
11,748 visits/mo
0.2 miles
7-Eleven
Shops & Services
9,964 visits/mo
0.2 miles
Demographics for 48195, MI
30,014
Population
13,033
Households
2.3
Avg Household Size
42
Median Age
21%
College-Educated
89%
High-School Grad
6.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$64,635
Median Household Income
$43,368
Median Earnings
$1,102
Median Rent
$165,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established florist operation with equipment, inventory, delivery van, and customer database included for a ready-to-run purchase.
Where is this retail space located?
The property is located at 14100 Pennsylvania Rd Southgate, MI.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Established florist business with 50+ years of tradition and service; Includes equipment, inventory, and a delivery van; Customer database included for the business
