Established Pizza Restaurant For
For Sale
$374,999
36843 Mound Road, Sterling Heights, MI 48310
Profitable pizza restaurant near manufacturing plants with high foot traffic.
Property Size1,900 SF
Days on Market268
Property Features for 36843 Mound Road
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$23,534
Building Details
Building Size
1,900 SF
Year Built
2006
Listing Agency:
Top Agent Realty
(248) 277-4226
Listed By:
Rany Kachi
Source:
Eliterealtymi
Added: Nov 28, 2025
Changed: Aug 23
Last Checked: Aug 22 at 11:34AM
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 Top Agent Realty
Investment Insights
Based on property information with market context.
Established in 2009, this pizza restaurant is located at the intersection of 16 Mile and Mound in Sterling Heights. The property is near Chrysler's Sterling Heights Assembly Plant and Ford manufacturing plants. The location benefits from high foot traffic and sales, making it suitable for an owner looking to expand its customer base and growth potential.
Key Highlights
- Established Happys Pizza franchise with proven track record since 2009.
- High‑traffic location at 16 Mile & Mound intersection in Sterling Heights.
- Proximity to Chrysler and Ford manufacturing plants ensures consistent customer base.
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
$24,464
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
6.52%
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%
$489,280
$489.3K
Cap Rate 7%
$349,486
$349.5K
Cap Rate 9%
$271,822
$271.8K
Market Conditions
NOI Build-Up for 1,900 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
$35.3K $18.60/SF
− Vacancy
−$2.7K −$1.43/SF
EGI
$32.6K $17.17/SF
− OpEx
−$8.2K −$4.29/SF
NOI
$24.5K $12.88/SF
Area
Sterling Heights, MI
Vacancy
7.70%
Lease Rate
$18.60 /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%
$489,280
Cap Rate 7%
$349,486
Cap Rate 9%
$271,822
Alternative Uses
Best Use
Specialty Retail
$349.5K
$305.8K – $407.7K
NOI $24,464 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$326.2K
$285.4K – $380.6K
NOI $22,833 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$419.1K
$366.8K – $489.0K
NOI $29,340 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
71k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 28%
Home Improvements & Furnishings 1%
McDonald's
Dining
29,311 visits/mo
0.2 miles
Tim Hortons
Dining
11,821 visits/mo
0.2 miles
Exxon
Shops & Services
10,682 visits/mo
0.1 miles
Wendy's
Dining
8,013 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,589 visits/mo
0.2 miles
Demographics for 48310, MI
43,709
Population
15,399
Households
2.8
Avg Household Size
41
Median Age
28%
College-Educated
83%
High-School Grad
8.8 sq mi
ZIP Area
4,967
Density / Sq Mi
$77,851
Median Household Income
$35,457
Median Earnings
$1,368
Median Rent
$263,100
Median Home Value
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?
Turn key restaurant - Profitable pizza restaurant near manufacturing plants with high foot traffic.
Where is this turn key restaurant located?
The property is located at 36843 Mound Road Sterling Heights, MI.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Established Happys Pizza franchise with proven track record since 2009.; High‑traffic location at 16 Mile & Mound intersection in Sterling Heights.; Proximity to Chrysler and Ford manufacturing plants ensures consistent customer base.
