Turnkey Beer & Wine
For Sale
$574,899
7512 E 9 Mile Rd, Warren, MI
Turnkey beer and wine store available for sale with SBA loan approval and reported strong visibility.
Property Size3,034 SF
Price / SF$189.49
Days on Market236
Property Features for 7512 E 9 Mile Rd
General Information
Standard status
Active
Size
3,034 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$13,874
Listing Agency:
Summit Union Real Estate
(586) 404-3239
Listed By:
Nathaniel Korkis
(586) 404-3239
Source:
Exprealty
Added: Dec 29, 2025
Changed: Aug 20
Last Checked: Aug 21 at 10:36AM
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 Summit Union Real Estate
Investment Insights
Based on property information with market context.
A well-established beer and wine store offered as a turnkey business. The property is presented as SBA loan approved, which may make financing more accessible for qualified buyers.
According to the public remarks, the store is located in a high-traffic area with strong visibility and consistent customer flow. Public remarks also note that adding a liquor license could increase sales and overall performance. This is a confidential sale; please do not approach employees.
According to the public remarks, the store is located in a high-traffic area with strong visibility and consistent customer flow. Public remarks also note that adding a liquor license could increase sales and overall performance. This is a confidential sale; please do not approach employees.
Key Highlights
- Well‑established beer and wine store for sale in a high‑traffic area with strong visibility and consistent customer flow
- Turnkey business opportunity for an owner‑operator or investor
- SBA loan approved for qualified buyers
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
$37,370
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
6.50%
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%
$747,400
$747.4K
Cap Rate 7%
$533,857
$533.9K
Cap Rate 9%
$415,222
$415.2K
Market Conditions
NOI Build-Up for 3,034 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
$56.4K $18.60/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$53.4K $17.60/SF
− OpEx
−$16.0K −$5.28/SF
NOI
$37.4K $12.32/SF
Area
Warren, MI
Vacancy
5.40%
Lease Rate
$18.60 /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%
$747,400
Cap Rate 7%
$533,857
Cap Rate 9%
$415,222
Alternative Uses
Best Use
Retail
$533.9K
$467.1K – $622.8K
NOI $37,370 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,852 @ 7.0% cap · market cap 8.15%
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
417
Businesses Nearby
195k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Shops & Services 34%
Dining 31%
Kroger
Groceries
67,625 visits/mo
0.2 miles
McDonald's
Dining
30,656 visits/mo
0.3 miles
Burger King
Dining
23,406 visits/mo
0.3 miles
Dollar Tree
Shops & Services
21,501 visits/mo
0.2 miles
Kroger Fuel Center
Shops & Services
17,073 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey beer and wine store available for sale with SBA loan approval and reported strong visibility.
Where is this storefront property located?
The property is located at 7512 E 9 Mile Rd Warren, MI.
What is the asking price?
The asking price for this property is $574,899.
What are key features of this property?
This property features: Well‑established beer and wine store for sale in a high‑traffic area with strong visibility and consistent customer flow; Turnkey business opportunity for an owner‑operator or investor; SBA loan approved for qualified buyers
