Furnished Restaurant
New
For Sale
$549,999
6468 W Vienna Road, Clio, MI 48420
Updated commercial kitchen and furnished dining space support restaurant operations.
Property Size7,044 SF
Lot Size3.38 Acres
Price / SF$78.08
Days on Market7
Property Features for 6468 W Vienna Road
General Information
Standard status
Active
Size
7,044 SF
Lot size
3.38 Acres
Property subtype
Industrial
Additional Details
Furnished
Yes
Liquor License
Yes
Amenities
3
Asphalt, Rubber
201551302570
Building Details
Year Built
19
Listing Agency:
RE/MAX Platinum-Fenton
(810) 629-5800
Listed By:
Christine Champlin · License #342398
(810) 986-9466
Source:
Xome
Added: Aug 30
Changed: Sep 4
Last Checked: Sep 4 at 2:39PM
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 Platinum-Fenton
Investment Insights
Based on property information with market context.
This restaurant property includes 7,044 square feet of developed space on approximately 3.38 acres. The improvements feature an updated commercial kitchen, furnished restaurant areas, and an existing liquor license. The site also offers space for parking and potential patio or other outdoor use.
Located at 6468 W Vienna Road in Clio, Michigan, the property combines an established restaurant layout with substantial land area. Its existing fixtures and operational infrastructure provide a foundation for continued restaurant use or a new concept.
Located at 6468 W Vienna Road in Clio, Michigan, the property combines an established restaurant layout with substantial land area. Its existing fixtures and operational infrastructure provide a foundation for continued restaurant use or a new concept.
Key Highlights
- 7,044‑square‑foot restaurant property
- Approximately 3.38 acres
- Updated commercial kitchen
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
$39,895
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
7.25%
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%
$797,900
$797.9K
Cap Rate 7%
$569,929
$569.9K
Cap Rate 9%
$443,278
$443.3K
Market Conditions
NOI Build-Up for 7,044 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
$63.4K $9.00/SF
− Vacancy
−$6.4K −$0.91/SF
EGI
$57.0K $8.09/SF
− OpEx
−$17.1K −$2.43/SF
NOI
$39.9K $5.66/SF
Area
Genesee County, MI
Vacancy
10.10%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$797,900
Cap Rate 7%
$569,929
Cap Rate 9%
$443,278
Alternative Uses
Best Use
Specialty Retail
$892.3K
$780.7K – $1.04M
NOI $62,458 @ 7.0% cap · market cap 11.36%
Second Best
Industrial
$569.9K
$498.7K – $664.9K
NOI $39,895 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,757 @ 7.0% cap · market cap 18.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48420, MI
21,771
Population
9,136
Households
2.4
Avg Household Size
45
Median Age
18%
College-Educated
91%
High-School Grad
66.4 sq mi
ZIP Area
328
Density / Sq Mi
$63,427
Median Household Income
$40,420
Median Earnings
$797
Median Rent
$177,800
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated commercial kitchen and furnished dining space support restaurant operations.
Where is this conventional restaurant located?
The property is located at 6468 W Vienna Road Clio, MI.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 7,044‑square‑foot restaurant property; Approximately 3.38 acres; Updated commercial kitchen
