Turnkey Fast Food
For Sale
$400,000
undisclosed Boulevard, Melvindale, MI 48122
COMMERCIAL - Melvindale, MI
Property Size1,200 SF
Lot Size0.08 Acres
Price / SF$333.33
Days on Market47
Property Features for undisclosed Boulevard
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Melvindale-Northern Allen Park
Middle school district
Melvindale-Northern Allen Park
High school district
Melvindale-Northern Allen Park
Standard status
Active
APN
99999999
Size
1,200 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2954
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1950
Floors in Building
1
Number of units
1
Building materials
Brick
Listing Agency:
Waison Realty LLC
(313) 208-2653
Listed By:
Ibrahim Sharif · License #6502426370
(734) 250-7248
Added: Jul 21
Changed: Aug 4
Last Checked: Sep 5 at 12:06PM
MLS# 26037558
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This sale includes an operating fast food restaurant business along with the real estate it operates from. The restaurant is being offered as turnkey, with furniture, fixtures, and equipment included to support a smooth transition for a new owner.
The listing notes that the business is currently running. The photo provided is for demonstration purposes only and does not represent the actual restaurant. The buyer must sign a Non-Disclosure Agreement (NDA) before receiving additional details, including the location and financial information.
The property is identified as a commercial site in Melvindale, Michigan.
The listing notes that the business is currently running. The photo provided is for demonstration purposes only and does not represent the actual restaurant. The buyer must sign a Non-Disclosure Agreement (NDA) before receiving additional details, including the location and financial information.
The property is identified as a commercial site in Melvindale, Michigan.
Key Highlights
- Fast food restaurant business plus the real estate it operates from for sale
- Business is currently running and included with the sale
- Restaurant comes fully equipped with furniture, fixtures, and equipment
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
$15,552
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
3.89%
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%
$311,040
$311.0K
Cap Rate 7%
$222,171
$222.2K
Cap Rate 9%
$172,800
$172.8K
Market Conditions
NOI Build-Up for 1,200 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
$21.6K $18.00/SF
− Vacancy
−$864 −$0.72/SF
EGI
$20.7K $17.28/SF
− OpEx
−$5.2K −$4.32/SF
NOI
$15.6K $12.96/SF
Area
Wayne County, MI
Vacancy
4.00%
Lease Rate
$18.00 /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%
$311,040
Cap Rate 7%
$222,171
Cap Rate 9%
$172,800
Alternative Uses
Best Use
Specialty Retail
$222.2K
$194.4K – $259.2K
NOI $15,552 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 34%
Hotels & Casinos 12%
Dollar General
Shops & Services
10,971 visits/mo
0.4 miles
Tim Hortons
Dining
7,684 visits/mo
0.4 miles
Red Roof Inn & Suites Detroit - Melvindale/Dearborn
Hotels & Casinos
2,356 visits/mo
0.2 miles
U-Haul
Shops & Services
1,147 visits/mo
0.5 miles
Budget Inn
Hotels & Casinos
468 visits/mo
0.5 miles
Demographics for 48122, MI
12,825
Population
4,693
Households
2.7
Avg Household Size
32
Median Age
15%
College-Educated
70%
High-School Grad
2.7 sq mi
ZIP Area
4,750
Density / Sq Mi
$41,356
Median Household Income
$30,744
Median Earnings
$1,116
Median Rent
$113,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - For sale with the operating business and fully equipped restaurant setup included.
Where is this conventional restaurant located?
The property is located at undisclosed Boulevard Melvindale, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Fast food restaurant business plus the real estate it operates from for sale; Business is currently running and included with the sale; Restaurant comes fully equipped with furniture, fixtures, and equipment
