Freestanding Restaurant with
For Sale
$599,000
25914 Plymouth Rd, Redford, MI 48239
Restaurant property includes a two-bedroom apartment, warehouse space, and an overhead door.
Property Size4,612 SF
Price / SF$129.88
Days on Market721
Property Features for 25914 Plymouth Rd
General Information
Standard status
Active
Size
4,612 SF
Property subtype
Retail
Zoning
C-2
Building Details
Building Size
4,612 SF
Year Built
1949
Buildings
1
Stories
2
Listing Agency:
Thomas A. Duke Company
Listed By:
Frank Rakipi
(313) 478-5400
Source:
Cpix.resimplifi
Added: Oct 24, 2024
Changed: Oct 7
Last Checked: Oct 12 at 4:32PM
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 Thomas A. Duke Company
Investment Insights
Based on property information with market context.
This freestanding restaurant property contains 4,612 square feet and was constructed in 1949. The facility includes restaurant improvements, a two-bedroom apartment, and a warehouse area equipped with an overhead door. C-2 zoning is identified for the property.
The building is positioned on Plymouth Road in Redford, west of Beech Daly. The road is described as busy, with on-site parking and visibility from Plymouth Road. The property information also identifies the established Gest Omelet restaurant by name.
The building is positioned on Plymouth Road in Redford, west of Beech Daly. The road is described as busy, with on-site parking and visibility from Plymouth Road. The property information also identifies the established Gest Omelet restaurant by name.
Key Highlights
- 4,612 SF freestanding restaurant building
- Two‑bedroom apartment included within the facility
- Warehouse area with overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,864
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,280
$657.3K
Cap Rate 7%
$469,486
$469.5K
Cap Rate 9%
$365,156
$365.2K
Market Conditions
NOI Build-Up for 4,612 SF
Gross rent
$40.4K $8.76/SF
− Vacancy
−$1.7K −$0.38/SF
EGI
$38.7K $8.38/SF
− OpEx
−$5.8K −$1.26/SF
NOI
$32.9K $7.13/SF
Area
Detroit, MI
Vacancy
4.30%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,280
Cap Rate 7%
$469,486
Cap Rate 9%
$365,156
Alternative Uses
Best Use
Specialty Retail
$869.5K
$760.8K – $1.01M
NOI $60,863 @ 7.0% cap · market cap 10.16%
Second Best
Warehouse
$469.5K
$410.8K – $547.7K
NOI $32,864 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$1.02M
$890.3K – $1.19M
NOI $71,220 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48239, MI
36,814
Population
14,869
Households
2.5
Avg Household Size
40
Median Age
23%
College-Educated
93%
High-School Grad
9.5 sq mi
ZIP Area
3,875
Density / Sq Mi
$69,373
Median Household Income
$41,113
Median Earnings
$1,355
Median Rent
$145,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property includes a two-bedroom apartment, warehouse space, and an overhead door.
Where is this conventional restaurant located?
The property is located at 25914 Plymouth Rd Redford, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,612 SF freestanding restaurant building; Two‑bedroom apartment included within the facility; Warehouse area with overhead door
