Convenience Store with Beverage
576 W Clarkston Rd, Lake Orion, MI 48362
For Sale
New
$599,000
The sale includes the operating business and its freestanding premises; inventory is excluded.
Property Size3,064 SF
Lot Size0.73 Acres
Price / SF$195.50
Days on Market2
Property Features for 576 W Clarkston Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Business Included
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Golden Key Realty Group LLC
Listed By:
Revan Hermiz · License #6501405707
(248) 489-6195
Source:
Elliman
Added: Nov 8
Last Checked: Nov 8 at 2:33PM
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 Golden Key Realty Group LLC
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Investment Insights
Based on property information with market context.
This freestanding convenience store, built in 1940, contains 3,064 square feet on a 0.73-acre parcel. Its sales area has wide aisles, wall shelving, a wine and spirits display, beverage coolers, a checkout counter and an ATM. The business and real estate are being sold together, without inventory.
The property fronts W Clarkston Rd and has a paved lot. Located in Orion Township, it is surrounded by established neighborhoods. The site’s walk score is 27 and its bike score is 26.
The property fronts W Clarkston Rd and has a paved lot. Located in Orion Township, it is surrounded by established neighborhoods. The site’s walk score is 27 and its bike score is 26.
Key Highlights
- 3,064‑square‑foot freestanding building on 0.73 acres
- Wine and spirits display, beverage coolers, checkout counter and on‑site ATM
- Paved lot with frontage on W Clarkston Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,261
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,220
$925.2K
Cap Rate 7%
$660,871
$660.9K
Cap Rate 9%
$514,011
$514.0K
Market Conditions
NOI Build-Up for 3,064 SF
Gross rent
$66.2K $21.60/SF
− Vacancy
−$4.5K −$1.47/SF
EGI
$61.7K $20.13/SF
− OpEx
−$15.4K −$5.03/SF
NOI
$46.3K $15.10/SF
Area
Oakland County, MI
Vacancy
6.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,220
Cap Rate 7%
$660,871
Cap Rate 9%
$514,011
Alternative Uses
Best Use
Specialty Retail
$660.9K
$578.3K – $771.0K
NOI $46,261 @ 7.0% cap · market cap 7.72%
Second Best
Retail
$471.0K
$412.1K – $549.5K
NOI $32,970 @ 7.0% cap · market cap 5.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48362, MI
15,001
Population
6,428
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$108,667
Median Household Income
$51,826
Median Earnings
$1,095
Median Rent
$313,600
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
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The sale includes the operating business and its freestanding premises; inventory is excluded.
Where is this grocery and convenience store located?
The property is located at 576 W Clarkston Rd Lake Orion, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,064‑square‑foot freestanding building on 0.73 acres; Wine and spirits display, beverage coolers, checkout counter and on‑site ATM; Paved lot with frontage on W Clarkston Rd
