Building Details

Building Size 2,598 SF

Year Built 1994

Buildings 1

Stories 1

Listing Agency: Mid America Real Estate - Michigan Inc

Listed By: Jared Gell Show Phone

Source: Cpix.resimplifi

Added: Nov 21, 2023 Changed: Oct 10 Last Checked: Oct 14 at 7:51PM

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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 Mid America Real Estate - Michigan Inc

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Investment Insights

Based on property information with market context.

This freestanding restaurant building contains 2,598 SF and was built in 1994. The property formerly operated as a fast-food restaurant and includes a drive-through, pylon signage, and 30 parking spaces. C1 zoning supports its established restaurant-oriented commercial profile.

The building is positioned on Orchard Lake Road in Sylvan Lake, between Telegraph Road and Middlebelt Road. Other commercial occupants along the corridor include The Home Depot, CVS, Wendy's, and McDonald's, providing an established retail and restaurant setting.

Key Highlights

• 2,598 SF freestanding building constructed in 1994
• Drive‑through component and pylon signage included
• 30 parking spaces on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,226

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$784,520 $784.5K

Cap Rate 7%

$560,371 $560.4K

Cap Rate 9%

$435,844 $435.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,598 SF

Gross rent

$56.1K $21.60/SF

− Vacancy

−$3.8K −$1.47/SF

EGI

$52.3K $20.13/SF

− OpEx

−$13.1K −$5.03/SF

NOI

$39.2K $15.10/SF

Area

Oakland County, MI

Vacancy

6.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$784,520

Cap Rate 7%

$560,371

Cap Rate 9%

$435,844

Alternative Uses

Best Use

Specialty Retail

$560.4K

$490.3K – $653.8K (±1% cap)

NOI $39,226 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Baby Buford Holdings Food Processing Plant

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Big Box & Wholesale Store Auto Parts Store Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

422

Businesses Nearby

47k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 63% Shops & Services 37%

McDonald's Dining

17,625 visits/mo 0.1 miles

Taco Bell Dining

10,213 visits/mo 0.1 miles

Exxon Shops & Services

6,377 visits/mo 0.5 miles

Mobil Shops & Services

5,424 visits/mo 0.3 miles

Shell Shops & Services

3,624 visits/mo 0.2 miles

Demographics for 48320, MI

4,328

Population

2,269

Households

1.9

Avg Household Size

45

Median Age

48%

College-Educated

98%

High-School Grad

1.1 sq mi

ZIP Area

3,935

Density / Sq Mi

$77,700

Median Household Income

$45,978

Median Earnings

$1,153

Median Rent

$317,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Drive through restaurant - C1-zoned restaurant property includes a drive-through and pylon signage.

Where is this drive through restaurant located?

The property is located at 2100 Orchard Lake Rd Sylvan Lake, MI.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 2,598 SF freestanding building constructed in 1994; Drive‑through component and pylon signage included; 30 parking spaces on site