Corner Pizza Restaurant
For Sale
$279,000
8010 DIXIE HWY, Birch Run, MI 48415
2,706± sq. ft. corner restaurant building currently operating as a pizza restaurant with potential for drive-through or retail use.
Property Size2,706 SF
Price / SF$103.10
Days on Market42
Property Features for 8010 DIXIE HWY
General Information
Standard status
Active
Size
2,706 SF
Property subtype
Industrial
Amenities
3
13220621810684
Building Details
Year Built
19
Listing Agency:
(810) 397-3192
Listed By:
Grand Blanc
(810) 397-3192
Source:
Xome
Added: Jun 29
Changed: Aug 8
Last Checked: Aug 9 at 5:23AM
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 Grand Blanc
Investment Insights
Based on property information with market context.
This well-established pizza restaurant location is housed in a 2,706± sq. ft. building positioned on a highly visible corner. The property is presented with flexibility for a variety of commercial uses, including restaurant or retail, and the remarks note potential for a drive-through configuration.
The site is described as having strong traffic counts and favorable demographics, supporting convenient customer access and visibility for retail and service-oriented uses.
The building is offered for sale with reduced pricing for a quick sale, and the seller encourages buyers to review the property as a basis for their concepts, with the provided remarks also referencing possible alternative uses such as a party store or a gas station.
The site is described as having strong traffic counts and favorable demographics, supporting convenient customer access and visibility for retail and service-oriented uses.
The building is offered for sale with reduced pricing for a quick sale, and the seller encourages buyers to review the property as a basis for their concepts, with the provided remarks also referencing possible alternative uses such as a party store or a gas station.
Key Highlights
- 2,706 +/- sq. ft. corner restaurant building currently operating as a pizza restaurant
- Potential drive‑through opportunity (buyer to verify) at this corner location
- Flexible use potential for other concepts, including party store, gas station, restaurant, or retail use
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
$20,155
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
7.22%
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%
$403,100
$403.1K
Cap Rate 7%
$287,929
$287.9K
Cap Rate 9%
$223,944
$223.9K
Market Conditions
NOI Build-Up for 2,706 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
$35.1K $12.96/SF
− Vacancy
−$6.3K −$2.32/SF
EGI
$28.8K $10.64/SF
− OpEx
−$8.6K −$3.19/SF
NOI
$20.2K $7.45/SF
Area
Saginaw County, MI
Vacancy
17.90%
Lease Rate
$12.96 /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%
$403,100
Cap Rate 7%
$287,929
Cap Rate 9%
$223,944
Alternative Uses
Best Use
Specialty Retail
$500.0K
$437.5K – $583.3K
NOI $34,997 @ 7.0% cap · market cap 12.54%
Second Best
Retail
$287.9K
$251.9K – $335.9K
NOI $20,155 @ 7.0% cap · market cap 7.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48415, MI
9,042
Population
3,790
Households
2.4
Avg Household Size
45
Median Age
22%
College-Educated
93%
High-School Grad
64.8 sq mi
ZIP Area
140
Density / Sq Mi
$76,311
Median Household Income
$42,343
Median Earnings
$895
Median Rent
$197,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2,706± sq. ft. corner restaurant building currently operating as a pizza restaurant with potential for drive-through or retail use.
Where is this conventional restaurant located?
The property is located at 8010 DIXIE HWY Birch Run, MI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: 2,706 +/- sq. ft. corner restaurant building currently operating as a pizza restaurant; Potential drive‑through opportunity (buyer to verify) at this corner location; Flexible use potential for other concepts, including party store, gas station, restaurant, or retail use
