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    Turnkey Beer, Wine & Smoke Shop Title is generated by Realmo AI

    3116 E 9 Mile Road, Warren, MI 48091

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    Operating beer, wine, and smoke shop business for sale.

    Type:Business for Sale, Retail
    Property size:
    2,030 SF
    Price / SF:
    $59/SF
    Added:
    May 16, 2026
    Days on Market:
    12
    Last Refresh:
    May 20 at 4:55 am

    Property Features for 3116 E 9 Mile Road

    General Information

    Standard status
    Active
    Size
    2,030 SF
    Property subtype
    Business for Sale, Retail

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Victor Shauni

    Listing agent Victor Shauni

    Listing office eXp Realty, LLC

    Listing date May 16, 2026

    Source Crexi

    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 eXp Realty, LLC

    HighLights

    • High lottery sales averaging $5K-$10K weekly, with $400K-$500K annually.
    • Existing kitchen area provides immediate opportunity to add food service and increase revenue.
    • Strong sales volume: $30K/month in winter, $40K-$45K/month in summer.
    • Significant growth potential expected from the redevelopment of a nearby mobile home community.
    • Opportunity to acquire a liquor license for substantial revenue expansion.
    • Turnkey business with 4 years of successful operation on a high‑traffic street.

    Overview

    A turnkey beer, wine, and smoke shop business is available for sale on 9 Mile Road in Warren. The business has been successfully operated for the past 4 years and presents excellent growth potential. The business is for sale only, as the building is leased at a current rent of $3,200 per month. The store generates approximately $30,000 per month during winter and $40,000 to $45,000 per month during summer. Sales have temporarily declined due to redevelopment in the nearby mobile home community, with new units under construction expected to increase customer traffic upon completion. Lottery sales average approximately $5,000 to $10,000 weekly, with annual lottery sales between $400,000 and $500,000. The property size is 2030 square feet. An existing kitchen area is in place and ready for activation. There is opportunity to add a liquor license and expand revenue, with significant room for operational and inventory growth.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Similar Places Nearby

    • Dave's Market — 22700 Ryan Rd, Warren, MI 48091
    • Jomir Supermarket LLC — 4011 E 9 Mile Rd, Warren, MI 48091

    Map

    City
    Warren
    County
    Macomb
    State
    Michigan
    Longitude
    -83.0579
    Latitude
    42.4683

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    FAQs

    What type of property is this?
    Grocery and convenience store - Operating beer, wine, and smoke shop business for sale.
    Where is this grocery and convenience store located?
    The property is located at 3116 E 9 Mile Road Warren, MI.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: High lottery sales averaging $5K-$10K weekly, with $400K-$500K annually.; Existing kitchen area provides immediate opportunity to add food service and increase revenue.; Strong sales volume: $30K/month in winter, $40K-$45K/month in summer.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Victor Shauni
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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