Fully Operational Cigar
For Sale
$550,000
14312 Pennsylvania, Southgate, MI 48195
Fully equipped cigar bar offering included furnishings, fixtures, and required liquor licenses with 40 parking spaces.
Property Size2,475 SF
Lot Size0.65 Acres
Price / SF$222.22
Days on Market95
Property Features for 14312 Pennsylvania
General Information
Standard status
Active
Size
2,475 SF
Class
C
Total Parking Spaces
40
Lot size
0.65 Acres
Property subtype
Retail
Additional Details
Business Included
Yes
Liquor License
Yes
Building Details
Building Size
2,475 SF
Year Built
1968
Listing Agency:
Thomas A. Duke Company
Listed By:
Michael Perales
(734) 725-9018
Source:
Thomasduke
Added: Jun 2
Changed: Sep 1
Last Checked: Sep 4 at 5:05AM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This fully operational cigar bar is offered as an established business for sale, with furnishings and fixtures included. The package also includes the required liquor licenses, supporting a seamless transition for a qualified buyer.
The property totals approximately 0.65 acres and provides parking for up to 40 vehicles. At 2,475 square feet, the space is presented as an appointed venue designed to operate as a cigar bar.
Included in the offering are the business’s core takeaways—fixtures, furnishings, and required liquor licensing—along with the established customer base described in the listing.
The property totals approximately 0.65 acres and provides parking for up to 40 vehicles. At 2,475 square feet, the space is presented as an appointed venue designed to operate as a cigar bar.
Included in the offering are the business’s core takeaways—fixtures, furnishings, and required liquor licensing—along with the established customer base described in the listing.
Key Highlights
- Fully operational, established cigar bar with 2,475 SF established business
- Business includes furnishings, fixtures, and required liquor licenses
- Year built: 1968
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
$32,076
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
5.83%
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%
$641,520
$641.5K
Cap Rate 7%
$458,229
$458.2K
Cap Rate 9%
$356,400
$356.4K
Market Conditions
NOI Build-Up for 2,475 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
$44.6K $18.00/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$42.8K $17.28/SF
− OpEx
−$10.7K −$4.32/SF
NOI
$32.1K $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%
$641,520
Cap Rate 7%
$458,229
Cap Rate 9%
$356,400
Alternative Uses
Best Use
Specialty Retail
$458.2K
$401.0K – $534.6K
NOI $32,076 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Home Improvements & Furnishings 30%
Shops & Services 24%
Electronics 4%
Lowe's
Home Improvements & Furnishings
34,238 visits/mo
0.2 miles
Starbucks
Dining
16,942 visits/mo
0.3 miles
Tim Hortons
Dining
11,748 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,964 visits/mo
0.1 miles
White Castle
Dining
9,932 visits/mo
0.4 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?
Bar & Pub - Fully equipped cigar bar offering included furnishings, fixtures, and required liquor licenses with 40 parking spaces.
Where is this bar & pub located?
The property is located at 14312 Pennsylvania Southgate, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Fully operational, established cigar bar with 2,475 SF established business; Business includes furnishings, fixtures, and required liquor licenses; Year built: 1968
