Profitable Market & Deli
For Sale
Contact for pricing
3391 Orchard Lake Rd, Keego Harbor, MI 48320
Turnkey market and deli business for sale in Keego Harbor.
Property Size2,976 SF
Price / SF$201.58
Days on Market168
Property Features for 3391 Orchard Lake Rd
General Information
Standard status
Active
Size
2,976 SF
Total Parking Spaces
10
Property subtype
Retail
Zoning
B-1
Occupancy
100%
Lease Type
Modified Gross
Building Details
Year Built
1960
Year Renovated
2024
Tenancy
Multi
Listing Agency:
The Herish Group
(586) 999-9286
Listed By:
Elias Herish · License #6505406439
Source:
Crexi
Added: Mar 6
Changed: Aug 8
Last Checked: Aug 8 at 6:37AM
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 The Herish Group
Investment Insights
Based on property information with market context.
The Pine Lake Market & Deli is available for sale as a business opportunity. This turnkey liquor store and deli generates $1,352,000 in gross income, with weekly sales of $25,000. The property includes a fully equipped kitchen and a liquor license as part of the sale. It is located on Orchard Lake Road and benefits from a traffic flow of 30,000 vehicles per day. The property has 145' of frontage on Orchard Lake Road. Situated in the North Oakland submarket near Pine Lakes Country Club, the location offers visibility and access. The surrounding area includes national tenants, and the property benefits from a strategic location in a supply-constrained market. The business presents a value-add opportunity for a food tenant.
Key Highlights
- High Gross Income: $1,352,000 annually with $25,000 in weekly sales.
- Turnkey Liquor Store and Deli Business.
- Liquor License Included in Sale.
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
$44,933
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
7.49%
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%
$898,660
$898.7K
Cap Rate 7%
$641,900
$641.9K
Cap Rate 9%
$499,256
$499.3K
Market Conditions
NOI Build-Up for 2,976 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
$64.3K $21.60/SF
− Vacancy
−$4.4K −$1.47/SF
EGI
$59.9K $20.13/SF
− OpEx
−$15.0K −$5.03/SF
NOI
$44.9K $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%
$898,660
Cap Rate 7%
$641,900
Cap Rate 9%
$499,256
Alternative Uses
Best Use
Specialty Retail
$641.9K
$561.7K – $748.9K
NOI $44,933 @ 7.0% cap · market cap 7.49%
Second Best
Retail
$457.5K
$400.3K – $533.7K
NOI $32,023 @ 7.0% cap · market cap 5.34%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Marathon Petroleum
Shops & Services
5,629 visits/mo
0.0 miles
Dollar Tree
Shops & Services
5,339 visits/mo
0.3 miles
Jet's Pizza
Dining
1,490 visits/mo
0.1 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey market and deli business for sale in Keego Harbor.
Where is this grocery and convenience store located?
The property is located at 3391 Orchard Lake Rd Keego Harbor, MI.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: High Gross Income: $1,352,000 annually with $25,000 in weekly sales.; Turnkey Liquor Store and Deli Business.; Liquor License Included in Sale.
