Turn-Key Bar and
For Sale
$1,400,000
7000 MERRIMAN RD, Romulus, MI 48174
Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Property Size3,982 SF
Price / SF$351.58
Days on Market96
Property Features for 7000 MERRIMAN RD
General Information
Standard status
Active
Size
3,982 SF
Property subtype
Industrial
Additional Details
Business Included
Yes
Amenities
3
150528.53
Building Details
Year Built
19
Listing Agency:
New Michigan Realty, LLC
(586) 634-0365
Listed By:
Joseph Tinpan · License #6501306210
(586) 634-0365
Source:
Xome
Added: May 6
Changed: Aug 8
Last Checked: Aug 9 at 4:31AM
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 New Michigan Realty, LLC
Investment Insights
Based on property information with market context.
A turn-key bar and restaurant opportunity located at 7000 Merriman Road Unit SourceFi in Romulus, Michigan. The offering is presented as ready for a new owner, with the operations stated to be in place and prepared for immediate transition.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
The property is positioned close to Detroit Metro Airport and the hotel district, placing it in an area that draws daily travelers. The business is described as a local staple in the community.
With a commercial configuration designed for bar and restaurant use, this is offered for sale and presented as available for the first time in decades.
Key Highlights
- Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district
- Lot dimensions listed at 150,528.53 (units not specified)
- Heating system indicated as “3” in Interior Features
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
$51,607
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
3.69%
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%
$1,032,140
$1.0M
Cap Rate 7%
$737,243
$737.2K
Cap Rate 9%
$573,411
$573.4K
Market Conditions
NOI Build-Up for 3,982 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
$71.7K $18.00/SF
− Vacancy
−$2.9K −$0.72/SF
EGI
$68.8K $17.28/SF
− OpEx
−$17.2K −$4.32/SF
NOI
$51.6K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /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%
$1,032,140
Cap Rate 7%
$737,243
Cap Rate 9%
$573,411
Alternative Uses
Best Use
Specialty Retail
$737.2K
$645.1K – $860.1K
NOI $51,607 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
683
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Extended Stay America - Detroit - Metropolitan Airport
Hotels & Casinos
683 visits/mo
0.5 miles
Demographics for 48174, MI
33,683
Population
13,124
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
89%
High-School Grad
40.8 sq mi
ZIP Area
826
Density / Sq Mi
$65,675
Median Household Income
$41,186
Median Earnings
$1,053
Median Rent
$151,500
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
- Capitol Bistro & Bar — 7600 Merriman Rd, Romulus, MI 48174
- Airport Wheat & Rye — 7000 Merriman Rd, Romulus, MI 48174
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turn-key bar and restaurant for sale near Detroit Metro Airport and the hotel district.
Where is this bar & pub located?
The property is located at 7000 MERRIMAN RD Romulus, MI.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Bar and restaurant for sale in Romulus, located close to Detroit Metro Airport and the hotel district; Lot dimensions listed at 150,528.53 (units not specified); Heating system indicated as “3” in Interior Features
