Former Restaurant on Corner
For Sale
Contact for pricing
19100 Lahser Road, Detroit, MI 48219
Former Burger King restaurant on hard-signaled corner lot.
Property Size1,535 SF
Price / SF$194.79
Days on Market2073
Property Features for 19100 Lahser Road
General Information
Standard status
Active
Size
1,535 SF
Class
C
Total Parking Spaces
8
Property subtype
Retail
Zoning
B-4
Site & Location
Neighborhood
Evergreen Lahser 7/8
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Signature Associates
Listed By:
Marvin Petrous · License #6501386692
(248) 505-4400
Source:
Crexi
Added: Feb 25, 2021
Changed: Oct 25
Last Checked: Oct 30 at 2:04PM
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
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Investment Insights
Based on property information with market context.
This property, formerly a Burger King restaurant, presents an opportunity for lease or sale. Situated on a hard-signaled corner lot at the intersection of 7 Mile and Lahser Roads, the site is suitable for various uses. The property size is 1535 square feet.
Key Highlights
- Hard‑signaled corner lot location
- Former Burger King restaurant
- Excellent opportunity for lease or sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,257
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,140
$405.1K
Cap Rate 7%
$289,386
$289.4K
Cap Rate 9%
$225,078
$225.1K
Market Conditions
NOI Build-Up for 1,535 SF
Gross rent
$28.6K $18.60/SF
− Vacancy
−$1.5K −$1.00/SF
EGI
$27.0K $17.60/SF
− OpEx
−$6.8K −$4.40/SF
NOI
$20.3K $13.20/SF
Area
ZIP 48219
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,140
Cap Rate 7%
$289,386
Cap Rate 9%
$225,078
Alternative Uses
Best Use
Specialty Retail
$289.4K
$253.2K – $337.6K
NOI $20,257 @ 7.0% cap · market cap 6.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$315.3K
$275.9K – $367.8K
NOI $22,070 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
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Business Placement
Demographics for 48219, MI
46,811
Population
20,815
Households
2.2
Avg Household Size
37
Median Age
13%
College-Educated
87%
High-School Grad
8.4 sq mi
ZIP Area
5,573
Density / Sq Mi
$43,882
Median Household Income
$31,187
Median Earnings
$1,037
Median Rent
$84,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former Burger King restaurant on hard-signaled corner lot.
Where is this drive through restaurant located?
The property is located at 19100 Lahser Road Detroit, MI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Hard‑signaled corner lot location; Former Burger King restaurant; Excellent opportunity for lease or sale
