Equipped Commercial Kitchen For
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4210 Sashabaw Rd, Waterford Township, MI 48329
Ready-to-use commercial kitchen in Waterford Township, MI.
Property Size3,727 SF
Price / SF$133.89
Days on Market638
Property Features for 4210 Sashabaw Rd
General Information
Standard status
Active
Size
3,727 SF
Property subtype
Retail
Zoning
Neighborhood Commercial
Investment Type
Owner/User
Building Details
Year Built
1948
Buildings
1
Stories
1
Listing Agency:
On Q Commercial Real Estate
Listed By:
Joe Qonja · License #6505432099
Source:
Crexi
Added: Nov 20, 2024
Changed: Aug 19
Last Checked: Aug 20 at 4:49PM
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 On Q Commercial Real Estate
Investment Insights
Based on property information with market context.
This property presents an opportunity for expansion, relocation, or a new culinary venture. It features a ready-to-use kitchen suitable for restaurants, catering services, or other culinary businesses. The property is located in Waterford Township, adjacent to Independence Township, within a thriving neighborhood. The existing kitchen equipment includes a Middleby Marshall double stack natural gas split belt pizza conveyor with hood and make-up air, two deep fryers with a 4 ft hood and Ansul fire suppression system, two three-compartment sinks, a Hobart 50 qt dough mixer, two 3 ft warmers, a 6ft pizza prep station, two double-door reach-in freezers, one double-door reach-in cooler, and a 4 ft sub prep station. The property size is 3727 square feet.
Key Highlights
- Ready‑to‑use commercial kitchen ideal for restaurants, catering, or culinary businesses.
- Includes essential kitchen equipment: Middleby Marshall pizza conveyor, fryers, hood & makeup air, sinks, dough mixer, warmers, prep stations, freezers, and cooler.
- Located in a thriving and friendly neighborhood of Waterford Township.
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
$18,466
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
3.70%
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%
$369,320
$369.3K
Cap Rate 7%
$263,800
$263.8K
Cap Rate 9%
$205,178
$205.2K
Market Conditions
NOI Build-Up for 3,727 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
$27.4K $7.35/SF
− Vacancy
−$1.0K −$0.27/SF
EGI
$26.4K $7.08/SF
− OpEx
−$7.9K −$2.12/SF
NOI
$18.5K $4.95/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
30.00%
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%
$369,320
Cap Rate 7%
$263,800
Cap Rate 9%
$205,178
Alternative Uses
Best Use
Specialty Retail
$803.9K
$703.4K – $937.9K
NOI $56,272 @ 7.0% cap · market cap 11.28%
Second Best
Industrial
$263.8K
$230.8K – $307.8K
NOI $18,466 @ 7.0% cap · market cap 3.70%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Dining 40%
Apparel 15%
Home Improvements & Furnishings 4%
McDonald's
Dining
25,564 visits/mo
0.3 miles
Dunham's Sports
Apparel
24,526 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
17,179 visits/mo
0.3 miles
Shell
Shops & Services
16,502 visits/mo
0.2 miles
Speedway
Shops & Services
16,155 visits/mo
0.2 miles
Demographics for 48329, MI
24,391
Population
10,249
Households
2.4
Avg Household Size
45
Median Age
29%
College-Educated
94%
High-School Grad
10.3 sq mi
ZIP Area
2,368
Density / Sq Mi
$85,777
Median Household Income
$48,837
Median Earnings
$1,323
Median Rent
$245,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial kitchen - Ready-to-use commercial kitchen in Waterford Township, MI.
Where is this commercial kitchen located?
The property is located at 4210 Sashabaw Rd Waterford Township, MI.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Ready‑to‑use commercial kitchen ideal for restaurants, catering, or culinary businesses.; Includes essential kitchen equipment: Middleby Marshall pizza conveyor, fryers, hood & makeup air, sinks, dough mixer, warmers, prep stations, freezers, and cooler.; Located in a thriving and friendly neighborhood of Waterford Township.
