1113 E West Maple Rd Walled Lake, MI 48390
Operating Burger King restaurant available for purchase.
Property Features for 1113 E West Maple Rd
General Information
- Standard status
- Active
- Size
- 3,039 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1983
Listing office Thomas Duke Company (248) 476-3700
Listing date Nov 13, 2024
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 Thomas Duke Company
Investment Insights
Based on property information with market context.
Key Highlights
- Existing Burger King Restaurant
- Year Built: 1983
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 | $65.6k | $21.60 |
| − Vacancy | −$4.5k | −$1.47 |
| EGI | $61.2k | $20.13 |
| − OpEx | −$15.3k | −$5.03 |
| NOI | $45.9k | $15.10 |
