Restaurant with Excess
New
For Sale
$1,250,000
4150 Miller Rd, Flint, MI 48507
A C-2-zoned restaurant property includes an existing dining layout and an accompanying liquor license.
Property Size4,376 SF
Price / SF$285.65
Days on Market5
Property Features for 4150 Miller Rd
General Information
Standard status
Active
Size
4,376 SF
Property subtype
Retail
Zoning
C-2
Additional Details
Liquor License
Yes
Building Details
Building Size
4,376 SF
Year Built
1996
Listing Agency:
Mansour Realty
Listed By:
Jerry Mansour
(810) 244-6000
Source:
Cpix.resimplifi
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 9 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 Mansour Realty
Investment Insights
Based on property information with market context.
The freestanding restaurant building contains 4,376 square feet and was built in 1996. Its current configuration is for Mexican restaurant use, and a liquor license is included. The property is zoned C-2.
The site covers more than two acres and includes parking. Land behind the restaurant may accommodate additional commercial development, subject to applicable requirements.
The site covers more than two acres and includes parking. Land behind the restaurant may accommodate additional commercial development, subject to applicable requirements.
Key Highlights
- 4,376‑square‑foot restaurant building constructed in 1996
- More than two acres, including rear land that may support additional commercial development
- Liquor license included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,801
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,020
$776.0K
Cap Rate 7%
$554,300
$554.3K
Cap Rate 9%
$431,122
$431.1K
Market Conditions
NOI Build-Up for 4,376 SF
Gross rent
$63.0K $14.40/SF
− Vacancy
−$11.3K −$2.58/SF
EGI
$51.7K $11.82/SF
− OpEx
−$12.9K −$2.96/SF
NOI
$38.8K $8.87/SF
Area
Genesee County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$776,020
Cap Rate 7%
$554,300
Cap Rate 9%
$431,122
Alternative Uses
Best Use
Specialty Retail
$554.3K
$485.0K – $646.7K
NOI $38,801 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$920.8K
$805.7K – $1.07M
NOI $64,458 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48507, MI
30,149
Population
13,923
Households
2.2
Avg Household Size
37
Median Age
15%
College-Educated
88%
High-School Grad
22.1 sq mi
ZIP Area
1,364
Density / Sq Mi
$47,165
Median Household Income
$31,346
Median Earnings
$923
Median Rent
$101,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A C-2-zoned restaurant property includes an existing dining layout and an accompanying liquor license.
Where is this conventional restaurant located?
The property is located at 4150 Miller Rd Flint, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4,376‑square‑foot restaurant building constructed in 1996; More than two acres, including rear land that may support additional commercial development; Liquor license included in the sale
