33785 Van Dyke Fwy, Sterling Heights, MI 48314
Former restaurant with high traffic, ready for improvements.
- Added:
- Jan 3, 2023
- Days on Market:
- 1275
- Last Refresh:
- May 19 at 9:30 pm
Property Features for 33785 Van Dyke Fwy
General Information
- Standard status
- Active
- Size
- 4,997 SF
- Property subtype
- Retail
Listing office Transwestern Detroit (248) 440-1447
Listing date Jan 3, 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 Transwestern Detroit
HighLights
- High traffic location: 50,000 cars per day.
- Former IHOP Restaurant: Established restaurant location.
- Gutted Seating Area: Ready for customized improvements.
- Restaurant Ready: Suited for restaurant business.
- High visibility: Benefits from significant daily traffic.
- Improvement Ready: Opportunity to design the seating area.
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 | $92.9k | $18.60 |
| − Vacancy | −$7.2k | −$1.43 |
| EGI | $85.8k | $17.17 |
| − OpEx | −$21.4k | −$4.29 |
| NOI | $64.3k | $12.88 |
Alternative Uses
Current Use by Public Records
Map
- City
- Sterling Heights
- County
- Macomb
- State
- Michigan
- Longitude
- -83.0539
- Latitude
- 42.6091
