19000 W Warren Ave, Detroit, MI 48228
Operating supermarket/convenient store for sale.
- Added:
- Jul 13, 2023
- Days on Market:
- 1091
- Last Refresh:
- Jul 5 at 8:50 am
Property Features for 19000 W Warren Ave
General Information
- Standard status
- Active
- Size
- 2,562 SF
- Property subtype
- Retail
Listing office NAI Farbman Southfield (586) 871-5155
Listing date Jul 13, 2023
Source Crexi
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 NAI Farbman Southfield
HighLights
- Operating Supermarket/Convenient Store
- For Sale
- Additional Property Details
- Description
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.2k | $19.20 |
| − Vacancy | −$2.5k | −$0.96 |
| EGI | $46.7k | $18.24 |
| − OpEx | −$11.7k | −$4.56 |
| NOI | $35.0k | $13.68 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Fair Line Food Center — 16520 W Warren Ave, Detroit, MI 48228, United States
- AL FALAH SUPERMARKET — 6735 Greenfield Rd, Detroit, MI 48228
Location Insight
- Map
- Local Demand
- City
- Detroit
- County
- Wayne
- State
- Michigan
- Longitude
- -83.226071
- Latitude
- 42.343525
