Sports Bar and Entertainment
For Sale
Contact for pricing
5153 Fenton Road, Grand Blanc, MI 48507
Turnkey sports bar and entertainment venue with ample parking.
Property Size3,092 SF
Lot Size5.00 Acres
Price / SF$274.58
Days on Market210
Property Features for 5153 Fenton Road
General Information
Standard status
Active
Size
3,092 SF
Lot size
5.00 Acres
Property subtype
Business for Sale, Retail
Building Details
Year Built
1960
Buildings
1
Listing Agency:
RE/MAX Grande
(810) 695-4111
Listed By:
Scott Myers · License #620395235
Source:
Crexi
Added: Jan 23
Changed: Aug 8
Last Checked: Aug 20 at 5:40PM
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 Grande
Investment Insights
Based on property information with market context.
The property is a sports bar and entertainment venue offering approximately 3,092 square feet of restaurant and bar space with a renovated interior. Situated on a spacious 5-acre parcel with ample parking, the property includes volleyball courts, cornhole, pool and dart leagues, and karaoke. It also features a covered patio and offers room for outdoor events or future expansion. The property is located close to everything and offers excellent versatility.
Key Highlights
- Spacious 5‑acre parcel with ample parking and room for outdoor events or future expansion
- Renovated interior with approximately 3,092 (+/-) sq ft of restaurant and bar space
- Multiple entertainment options including volleyball courts, cornhole, pool and dart leagues, and karaoke
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
$27,416
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
3.23%
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%
$548,320
$548.3K
Cap Rate 7%
$391,657
$391.7K
Cap Rate 9%
$304,622
$304.6K
Market Conditions
NOI Build-Up for 3,092 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
$44.5K $14.40/SF
− Vacancy
−$8.0K −$2.58/SF
EGI
$36.6K $11.82/SF
− OpEx
−$9.1K −$2.96/SF
NOI
$27.4K $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 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%
$548,320
Cap Rate 7%
$391,657
Cap Rate 9%
$304,622
Alternative Uses
Best Use
Specialty Retail
$391.7K
$342.7K – $456.9K
NOI $27,416 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$650.6K
$569.3K – $759.1K
NOI $45,545 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
51
Businesses Nearby
Under-served
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
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
- Cobblestone Lounge — 7490 Fenton Rd, Grand Blanc, MI 48439
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey sports bar and entertainment venue with ample parking.
Where is this bar & pub located?
The property is located at 5153 Fenton Road Grand Blanc, MI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Spacious 5‑acre parcel with ample parking and room for outdoor events or future expansion; Renovated interior with approximately 3,092 (+/-) sq ft of restaurant and bar space; Multiple entertainment options including volleyball courts, cornhole, pool and dart leagues, and karaoke
