19100 Lahser Road, Detroit, MI 48219
Former Burger King restaurant on hard-signaled corner lot.
- Added:
- Feb 25, 2021
- Days on Market:
- 1931
- Last Refresh:
- May 19 at 9:36 pm
Property Features for 19100 Lahser Road
General Information
- Standard status
- Active
- Size
- 1,535 SF
- Property subtype
- Retail
Listing agent Marvin Petrous License #MI 6501386692
Listing office Signature Associates
Listing date Feb 25, 2021
Source Crexi
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 Signature Associates
HighLights
- Hard‑signaled corner lot location
- Former Burger King restaurant
- Excellent opportunity for lease or sale
- Located at 7 Mile and Lahser Roads
- Great site for many uses
- Corner lot
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.6k | $18.60 |
| − Vacancy | −$1.5k | −$1.00 |
| EGI | $27.0k | $17.60 |
| − OpEx | −$6.8k | −$4.40 |
| NOI | $20.3k | $13.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.2578738
- Latitude
- 42.4294852
