9239 Gratiot Ave Detroit, MI 48213
Vacant 1,993 SF QSR, ideal for owner-user or redevelopment.
Property Features for 9239 Gratiot Ave
General Information
- Standard status
- Active
- Size
- 1,993 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1997
Listing office SRS Real Estate Partners Newport Beach (248) 688-0630
Listing date Nov 21, 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 SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
Key Highlights
- Vacant QSR (Quick Service Restaurant) ready for your concept.
- Owner‑User or Redevelopment Opportunity.
- Retail Property offering great potential.
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 | $37.1k | $18.60 |
| − Vacancy | −$2.0k | −$1.00 |
| EGI | $35.1k | $17.60 |
| − OpEx | −$8.8k | −$4.40 |
| NOI | $26.3k | $13.20 |
