Restaurant Site in
For Sale
Contact for pricing
4880 Marsh Rd, Okemos, MI
Restaurant property in high-traffic Meridian Township entertainment and shopping area.
Property Size8,057 SF
Lot Size2.92 Acres
Price / SF$310.29
Days on Market656
Property Features for 4880 Marsh Rd
General Information
Standard status
Active
Size
8,057 SF
Lot size
2.92 Acres
Property subtype
RETAIL
Listing Agency:
RE/MAX Commercial Group
(517) 980-9299
Listed By:
Matthew Wisniewski, CCIM · License #6501360426
(517) 980-9299
Source:
Moodyscre
Added: Oct 16, 2024
Changed: Jul 6
Last Checked: Jul 21 at 4:14AM
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 RE/MAX Commercial Group
Investment Insights
Based on property information with market context.
This restaurant site is located in the Meridian Township entertainment and shopping area, shadow-anchored by Target and Kroger, and across from Meridian Mall. The site has road frontage on both Marsh Road and Newman Road. The surrounding area includes major retailers such as Home Depot, Dick's Sporting Goods, and Marshalls. The site is a fully improved restaurant location with 194 parking spaces. The property has 2.9 acres with redevelopment potential and an unrivaled high-exposure location. The average daily traffic count on Marsh Road is 18,974. Outback will vacate this site in February 2022. The property size is 8,057 square feet.
Key Highlights
- Unrivaled high exposure location
- Fully improved restaurant site
- 2.9 acres with great redevelopment potential
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.0k | $14.40 |
| − Vacancy | −$20.8k | −$2.58 |
| EGI | $95.3k | $11.82 |
| − OpEx | −$23.8k | −$2.96 |
| NOI | $71.4k | $8.87 |
8,057 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.02M
$893.0K – $1.19M
NOI $71,440 @ 7.0% cap · market cap 2.86%
Second Best
Retail
$793.8K
$694.6K – $926.1K
NOI $55,564 @ 7.0% cap · market cap 2.22%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,612 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
606k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 24%
Superstores 18%
Shops & Services 18%
Dining 16%
Target
Superstores
110,402 visits/mo
0.2 miles
DICK'S Sporting Goods
Apparel
65,099 visits/mo
0.2 miles
Kohl's
Apparel
40,023 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
36,195 visits/mo
0.3 miles
Aldi
Groceries
31,515 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Saddleback BBQ Okemos — 1754 Central Park Dr g2, Okemos, MI 48864
Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property in high-traffic Meridian Township entertainment and shopping area.
Where is this restaurant located?
The property is located at 4880 Marsh Rd Okemos, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Unrivaled high exposure location; Fully improved restaurant site; 2.9 acres with great redevelopment potential
