Restaurant Building with
For Sale
$765,000
50285 Mound Road, Shelby, MI 48317
COM/IND/BUS OPP, Shelby, MI
Property Size4,043 SF
Lot Size1.59 Acres
Price / SF$189.22
Days on Market179
Property Features for 50285 Mound Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Patio and Porch features
Patio
Exterior features
Deck/Patio
Lot features
Main Street
Subdivision
Shelby Twp (50007)
Standard status
Active
APN
23-07-20-278-026
Size
4,043 SF
Lot size
1.59 Acres
Taxes and HOA fees
Tax Annual Amount
12946
Utilities
Heating system
Forced Air
Cooling system
Central Air, Exhaust Fan (Cooling)
Water source
Public
Building Details
Year built
1976
Roof type
Flat
Listing Agency:
RE/MAX Advisors · RE/MAX International
(586) 725-1900
Listed By:
Maria McGuire · License #6504242665
(586) 996-4059
Added: Apr 1
Changed: Sep 12
Last Checked: Sep 26 at 7:06AM
MLS# 50203079
Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,043-square-foot restaurant building sits on a 1.59-acre parcel and includes an outdoor patio. The property was built in 1976 and is equipped with central air, exhaust-fan cooling, and forced-air heating. A flat roof and public water service complete the building’s core physical features.
Located at 50285 Mound Road in Shelby, Michigan, the property offers a substantial land component for on-site parking and other site improvements. The existing Esplendido Mexican Restaurant business is also available for purchase, providing an opportunity to acquire the operating business together with the real estate.
Located at 50285 Mound Road in Shelby, Michigan, the property offers a substantial land component for on-site parking and other site improvements. The existing Esplendido Mexican Restaurant business is also available for purchase, providing an opportunity to acquire the operating business together with the real estate.
Key Highlights
- 4,043‑square‑foot restaurant building on 1.59 acres
- Existing Esplendido Mexican Restaurant business also for sale
- Outdoor patio and deck area
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
$52,984
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
6.93%
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%
$1,059,680
$1.1M
Cap Rate 7%
$756,914
$756.9K
Cap Rate 9%
$588,711
$588.7K
Market Conditions
NOI Build-Up for 4,043 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
$80.1K $19.80/SF
− Vacancy
−$9.4K −$2.33/SF
EGI
$70.6K $17.47/SF
− OpEx
−$17.7K −$4.37/SF
NOI
$53.0K $13.11/SF
Area
Macomb County, MI
Vacancy
11.75%
Lease Rate
$19.80 /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%
$1,059,680
Cap Rate 7%
$756,914
Cap Rate 9%
$588,711
Alternative Uses
Best Use
Specialty Retail
$756.9K
$662.3K – $883.1K
NOI $52,984 @ 7.0% cap · market cap 6.93%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
9,776 visits/mo
0.5 miles
BP
Shops & Services
8,557 visits/mo
0.4 miles
Comerica Bank
Shops & Services
1,717 visits/mo
0.3 miles
Marathon
Shops & Services
572 visits/mo
0.4 miles
Demographics for 48317, MI
27,864
Population
12,936
Households
2.2
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
12.0 sq mi
ZIP Area
2,322
Density / Sq Mi
$72,465
Median Household Income
$41,895
Median Earnings
$1,227
Median Rent
$248,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with central air, forced-air heating, public water, and an outdoor patio area.
Where is this conventional restaurant located?
The property is located at 50285 Mound Road Shelby, MI.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 4,043‑square‑foot restaurant building on 1.59 acres; Existing Esplendido Mexican Restaurant business also for sale; Outdoor patio and deck area
