Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Call For Details Wyandotte, MI 48192
    Back to Search
    Property profile & analytics

    Call For Details Wyandotte, MI 48192

    View on Map
    • Commercial real estate
    • 0.64 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Call For Details

    Year built
    2003
    Lot size
    0.64 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a chance to acquire a profitable, multi-location Subway franchise cluster. Strategically located in high-traffic areas of Dearborn, Dearborn Heights, Allen Park, and Wyandotte, Michigan, this established business boasts three locations within a two-mile radius, offering significant operational advantages and shared resource potential. Each location is available for individual purchase, providing flexibility for investors. The Subway brand's global recognition and reputation for fresh, handcrafted sandwiches attract a loyal customer base, ensuring consistent revenue generation. These thriving stores benefit from strong residential and commercial development, high foot traffic, and a supportive local community. The 0.64-acre lot in Wyandotte houses one of the three locations. This is a rare opportunity to own a successful, established business with a proven track record of profitability. The asking price for the entire cluster is $249,900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wyandotte
    County
    Wayne
    State
    Michigan
    Longitude
    -83.162
    Latitude
    42.2073

    Comparable in this City

    • Value Estimation by Request

      365 Hudson St

      COMMERCIAL (GENERAL)
      365 Hudson St, Wyandotte, MI 48192-3715
      View Details
    • Value Estimation
      $6,590,000
      78,574 SF

      2455 Biddle Ave

      COMMERCIAL (GENERAL) • 78,574 SF
      2455 Biddle Ave, Wyandotte, MI 48192-4448
      View Details
    • Value Estimation
      $10,620,000
      130,968 SF

      2651 Biddle Ave

      COMMERCIAL (GENERAL) • 130,968 SF
      2651 Biddle Ave, Wyandotte, MI 48192-5235
      View Details
    • Value Estimation
      $775,000
      13,543 SF

      1715 Eureka Rd

      SHOW ROOM, WAREHOUSE • 13,543 SF
      1715 Eureka Rd, Wyandotte, MI 48192-6000
      View Details
    • Value Estimation by Request
      0.44 Acres

      1093 Frd Ave

      COMMERCIAL (GENERAL) • 0.44 Acres
      1093 Frd Ave, Wyandotte, MI 48192-3811
      View Details
    • Value Estimation by Request
      0.66 Acres

      891 Goddard St

      COMMERCIAL (GENERAL) • 0.66 Acres
      891 Goddard St, Wyandotte, MI 48192-2847
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Downtown Wyandotte Restaurant Opportunity

      Restaurant for sale with furniture, fixtures, equipment, and liquor license.
      3233 Biddle Ave, Wyandotte, MI 48192
      View Details
    • $230,000
      0.14 Acres

      Wyandotte Duplex: Income Opportunity

      Turnkey duplex in Wyandotte with tenants through Fall 2026.
      1822 4 St, Wyandotte, MI 48192
      View Details
    • $495,000
      2,140 SF

      Turnkey Restaurant For Sale

      Fully equipped restaurant with drive-thru and ample parking.
      1297 Fort St, Wyandotte, MI 48192
      View Details
    • Contact for pricing
      4,180 SF

      Multi-Tenant Neighborhood Center For Sale

      4,180 SF multi-tenant center with excellent income stream.
      3379-3395 Fort St, Wyandotte, MI 48192
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Wyandotte Commercial Space Available

      Restaurant, retail, and office spaces for rent in Wyandotte.
      2938 Biddle Ave, Wyandotte, MI 48192
      View Details
    • $2,000 /Mo
      3,368 SF

      Wyandotte Retail Space for Rent

      Retail property in Wyandotte, MI, with 3368 square feet.
      2909 Biddle Ave, Wyandotte, MI 48192
      View Details
    • Contact for pricing

      Wyandotte Warehouse Space Available

      Warehouse space available for lease in Wyandotte, Michigan.
      1213 Grove St, Wyandotte, MI 48192
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Downtown Wyandotte

      Retail space in downtown Wyandotte with high visibility.
      340 Eureka Rd, Wyandotte, MI 48192
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Call For Details
    Wyandotte, MI 48192
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Call For Details, Wyandotte, MI, 48192
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!