Restaurant Redevelopment
For Sale
Contact for pricing
8075 Nemco Way, Brighton, MI 48116
Existing restaurant on a site with ample parking and freeway access, offered with redevelopment and expansion potential.
Property Size5,919 SF
Price / SF$354.79
Days on Market278
Property Features for 8075 Nemco Way
General Information
Standard status
Active
Size
5,919 SF
Property subtype
RETAIL
Additional Details
Highway Access
Yes
Listing Agency:
JLL | Detroit
(248) 581-3366
Listed By:
Robert Mihelich · License #6501237599
Source:
Moodyscre
Added: Nov 11, 2025
Changed: Aug 15
Last Checked: Aug 16 at 8:07AM
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 JLL | Detroit
Investment Insights
Based on property information with market context.
An existing restaurant is available at 8075 Nemco Way in Brighton, presenting a redevelopment opportunity with the ability to add on to the building. The property is being marketed for investors or operators looking to reimagine the site while leveraging an already improved restaurant use.
The site offers freeway access and ample parking, supporting convenient customer access for a restaurant concept or redevelopment plan. Call for additional information on the property and its potential uses.
The site offers freeway access and ample parking, supporting convenient customer access for a restaurant concept or redevelopment plan. Call for additional information on the property and its potential uses.
Key Highlights
- Existing restaurant in Brighton
- Offered with redevelopment opportunity
- Ability to add on to the building
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
$64,857
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
3.09%
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%
$1,297,140
$1.3M
Cap Rate 7%
$926,529
$926.5K
Cap Rate 9%
$720,633
$720.6K
Market Conditions
NOI Build-Up for 5,919 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
$88.8K $15.00/SF
− Vacancy
−$2.3K −$0.39/SF
EGI
$86.5K $14.61/SF
− OpEx
−$21.6K −$3.65/SF
NOI
$64.9K $10.96/SF
Area
Livingston County, MI
Vacancy
2.60%
Lease Rate
$15.00 /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%
$1,297,140
Cap Rate 7%
$926,529
Cap Rate 9%
$720,633
Alternative Uses
Best Use
Specialty Retail
$926.5K
$810.7K – $1.08M
NOI $64,857 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$942.8K
$825.0K – $1.10M
NOI $65,996 @ 7.0% cap · market cap 3.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48116, MI
26,942
Population
12,230
Households
2.2
Avg Household Size
45
Median Age
51%
College-Educated
97%
High-School Grad
36.9 sq mi
ZIP Area
730
Density / Sq Mi
$109,606
Median Household Income
$59,173
Median Earnings
$1,229
Median Rent
$355,800
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 - Existing restaurant on a site with ample parking and freeway access, offered with redevelopment and expansion potential.
Where is this conventional restaurant located?
The property is located at 8075 Nemco Way Brighton, MI.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Existing restaurant in Brighton; Offered with redevelopment opportunity; Ability to add on to the building
