B4-Zoned Restaurant
For Sale
Contact for pricing
19740 W 7 Mile Rd, Detroit, MI 48219
Restaurant property with B4 zoning and an established 1992 construction date.
Property Size2,068 SF
Price / SF$0.01
Days on Market301
Property Features for 19740 W 7 Mile Rd
General Information
Standard status
Active
Size
2,068 SF
Property subtype
Retail
Zoning
B4
Building Details
Building Size
2,068 SF
Year Built
1992
Stories
1
Listing Agency:
Signature Associates - Southfield
Listed By:
Joe Stack
(248) 359-0615
Source:
Cpix.resimplifi
Added: Dec 23, 2025
Changed: Oct 12
Last Checked: Oct 19 at 3:21AM
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 - Southfield
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Investment Insights
Based on property information with market context.
This conventional restaurant property is identified as a 1992-built commercial building with B4 zoning. The asset is located at 19740 W. 7 Mile Rd in Detroit, Michigan, and is offered for sale as a restaurant property.
Key Highlights
- Conventional restaurant property offered for sale
- B4 zoning
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,291
Suggested Prices Based on Cap Rates
Cap Rate 5%
$545,820
$545.8K
Cap Rate 7%
$389,871
$389.9K
Cap Rate 9%
$303,233
$303.2K
Market Conditions
NOI Build-Up for 2,068 SF
Gross rent
$38.5K $18.60/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$36.4K $17.60/SF
− OpEx
−$9.1K −$4.40/SF
NOI
$27.3K $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%
$545,820
Cap Rate 7%
$389,871
Cap Rate 9%
$303,233
Alternative Uses
Best Use
Specialty Retail
$389.9K
$341.1K – $454.9K
NOI $27,291 @ 7.0% cap · market cap 261,408.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.8K
$371.7K – $495.6K
NOI $29,733 @ 7.0% cap · market cap 284,798.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
14k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valero Energy
Shops & Services
5,304 visits/mo
0.4 miles
Citgo
Shops & Services
4,495 visits/mo
0.4 miles
Sunoco
Shops & Services
4,332 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Detroit, MI
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with B4 zoning and an established 1992 construction date.
Where is this conventional restaurant located?
The property is located at 19740 W 7 Mile Rd Detroit, MI.
What are key features of this property?
This property features: Conventional restaurant property offered for sale; B4 zoning; Built in 1992
