Equipped Restaurant in Southfield,
For Sale
Contact for pricing
25485 Telegraph Rd, Southfield, MI 48033
Fully equipped restaurant with Class C license in Southfield.
Property Size8,615 SF
Price / SF$226.35
Days on Market2315
Property Features for 25485 Telegraph Rd
General Information
Standard status
Active
Size
8,615 SF
Class
C
Property subtype
Retail
Zoning
B-2
Investment Type
Owner/User
Building Details
Year Built
1979
Stories
1
Tenancy
Single
Listing Agency:
CRS, Commercial Real Estate Services
Listed By:
Leo Gonzalez · License #MI 6502126741
Source:
Crexi
Added: Jun 5, 2020
Changed: Sep 28
Last Checked: Oct 5 at 3:52PM
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 CRS, Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This fully equipped restaurant includes a Class C license and is situated in Southfield, Michigan, a prominent business and residential hub in Oakland County. Southfield is home to over 71,000 residents and more than 100 Fortune 500 companies. The city's daytime population approaches 175,000, supported by over 27 million square feet of office space and more than seven million square feet of retail and industrial space. Southfield's central location, excellent city services, and accessibility to southeastern Michigan have made it a desirable location for businesses. The property, encompassing 8,615 square feet, is positioned to serve the neighboring communities of Southfield and a daytime population exceeding 175,000 people. The land may be used by another restaurant.
Key Highlights
- Fully equipped restaurant ready for operation.
- Includes a Class C license.
- Located in Southfield, Michigan's undisputed business center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,073
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,601,460
$2.6M
Cap Rate 7%
$1,858,186
$1.9M
Cap Rate 9%
$1,445,256
$1.4M
Market Conditions
NOI Build-Up for 8,615 SF
Gross rent
$186.1K $21.60/SF
− Vacancy
−$12.7K −$1.47/SF
EGI
$173.4K $20.13/SF
− OpEx
−$43.4K −$5.03/SF
NOI
$130.1K $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%
$2,601,460
Cap Rate 7%
$1,858,186
Cap Rate 9%
$1,445,256
Alternative Uses
Best Use
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,073 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
127k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 44%
Apparel 5%
Hotels & Casinos 1%
Sunoco
Shops & Services
12,403 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
11,438 visits/mo
0.4 miles
Starbucks
Dining
10,963 visits/mo
0.5 miles
Tim Hortons
Dining
9,759 visits/mo
0.2 miles
Kerby's Koney Island
Dining
9,430 visits/mo
0.4 miles
Demographics for 48033, MI
17,207
Population
9,198
Households
1.9
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
9.1 sq mi
ZIP Area
1,891
Density / Sq Mi
$55,599
Median Household Income
$45,192
Median Earnings
$1,242
Median Rent
$195,100
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 Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Fully equipped restaurant with Class C license in Southfield.
Where is this restaurant located?
The property is located at 25485 Telegraph Rd Southfield, MI.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Fully equipped restaurant ready for operation.; Includes a Class C license.; Located in Southfield, Michigan's undisputed business center.
