Sushi Restaurant With
New
For Sale
$520,000
33214 W 14 Mile Road, West Bloomfield, MI
Commercially zoned restaurant with customer parking and an available liquor-license option.
Property Size2,040 SF
Days on Market4
Property Features for 33214 W 14 Mile Road
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$289,171
Building Details
Building Size
2,040 SF
Year Built
1987
Listing Agency:
Real Estate One-Commerce
(248) 924-5868
Listed By:
Esther Lee Son
Source:
Eliterealtymi
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 9 at 12:57PM
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 Real Estate One-Commerce
Investment Insights
Based on property information with market context.
This conventional restaurant operates as a sushi and Japanese dining establishment at 33214 W 14 Mile Road in West Bloomfield, Michigan. The sale includes the restaurant equipment, supporting continued use as a food-service property. The building dates to 1987 and is zoned Commercial.
Customer parking is available on site, and the transaction includes an option for a liquor license. The property’s existing restaurant format and included equipment provide a defined setting for continued sushi or Japanese cuisine operations.
Customer parking is available on site, and the transaction includes an option for a liquor license. The property’s existing restaurant format and included equipment provide a defined setting for continued sushi or Japanese cuisine operations.
Key Highlights
- Sushi and Japanese restaurant at 33214 W 14 Mile Road, West Bloomfield, MI
- Restaurant equipment included in the sale
- Option for a liquor license
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,801
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,020
$616.0K
Cap Rate 7%
$440,014
$440.0K
Cap Rate 9%
$342,233
$342.2K
Market Conditions
NOI Build-Up for 2,040 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$44.1K $21.60/SF
− Vacancy
−$3.0K −$1.47/SF
EGI
$41.1K $20.13/SF
− OpEx
−$10.3K −$5.03/SF
NOI
$30.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$616,020
Cap Rate 7%
$440,014
Cap Rate 9%
$342,233
Alternative Uses
Best Use
Specialty Retail
$440.0K
$385.0K – $513.4K
NOI $30,801 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
157k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Groceries 27%
Home Improvements & Furnishings 21%
Dining 20%
Kroger
Groceries
42,029 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
32,695 visits/mo
0.4 miles
Michaels
Shops & Services
20,055 visits/mo
0.5 miles
PetSmart
Shops & Services
16,804 visits/mo
0.5 miles
Wendy's
Dining
13,550 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned restaurant with customer parking and an available liquor-license option.
Where is this conventional restaurant located?
The property is located at 33214 W 14 Mile Road West Bloomfield, MI.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Sushi and Japanese restaurant at 33214 W 14 Mile Road, West Bloomfield, MI; Restaurant equipment included in the sale; Option for a liquor license
