Beer and Wine Store with
For Sale
$800,000
9299 Stone Rd, Clay, MI 48001
Established retail operation with an attached three-bedroom residence and approximately 1.09 acres of land.
Property Size4,036 SF
Lot Size1.09 Acres
Price / SF$198.22
Days on Market17
Property Features for 9299 Stone Rd
General Information
Standard status
Active
Size
4,036 SF
Lot size
1.09 Acres
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,279
Building Details
Tenancy
Single
Listing Agency:
Social House Real Estate Group LLC
(248) 688-6491
Listed By:
Ilando Tomika
(248) 688-6491
Source:
Exprealty
Added: Jul 22
Changed: Aug 2
Last Checked: Aug 2 at 2:28AM
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 Social House Real Estate Group LLC
Investment Insights
Based on property information with market context.
This Clay Township property combines an established beer and wine retail business with an attached residential component. The home provides 900 square feet, three bedrooms, and one bathroom, creating a live/work configuration connected to the store. The sale includes the real estate, operating business, and land.
The property occupies approximately 1.09 acres at 9299 Stone Rd in Clay, MI. A large parking lot serves the site, and the store operates seven days per week, with hours listed as Monday through Saturday from 9 a.m. to 9 p.m. and Sunday from noon to 7 p.m. The configuration is suited to an owner-operator seeking a combined commercial and residential property.
The property occupies approximately 1.09 acres at 9299 Stone Rd in Clay, MI. A large parking lot serves the site, and the store operates seven days per week, with hours listed as Monday through Saturday from 9 a.m. to 9 p.m. and Sunday from noon to 7 p.m. The configuration is suited to an owner-operator seeking a combined commercial and residential property.
Key Highlights
- Beer and wine store with attached 900 sq ft residence
- Residence includes 3 bedrooms and 1 bathroom
- Approximately 1.09 acres at 9299 Stone Rd
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
$55,900
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
6.99%
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%
$1,118,000
$1.1M
Cap Rate 7%
$798,571
$798.6K
Cap Rate 9%
$621,111
$621.1K
Market Conditions
NOI Build-Up for 4,036 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
$76.5K $18.96/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$74.5K $18.47/SF
− OpEx
−$18.6K −$4.62/SF
NOI
$55.9K $13.85/SF
Area
St. Clair County, MI
Vacancy
2.60%
Lease Rate
$18.96 /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%
$1,118,000
Cap Rate 7%
$798,571
Cap Rate 9%
$621,111
Alternative Uses
Best Use
Specialty Retail
$798.6K
$698.8K – $931.7K
NOI $55,900 @ 7.0% cap · market cap 6.99%
Second Best
Retail
$745.3K
$652.2K – $869.6K
NOI $52,173 @ 7.0% cap · market cap 6.52%
Theoretical Best
Multifamily LT 5
$3.03M
$2.65M – $3.54M
NOI $212,389 @ 7.0% cap · market cap 26.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48001, MI
11,721
Population
5,787
Households
2
Avg Household Size
50
Median Age
18%
College-Educated
94%
High-School Grad
19.0 sq mi
ZIP Area
617
Density / Sq Mi
$64,538
Median Household Income
$35,987
Median Earnings
$921
Median Rent
$250,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established retail operation with an attached three-bedroom residence and approximately 1.09 acres of land.
Where is this grocery and convenience store located?
The property is located at 9299 Stone Rd Clay, MI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Beer and wine store with attached 900 sq ft residence; Residence includes 3 bedrooms and 1 bathroom; Approximately 1.09 acres at 9299 Stone Rd
