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    18001 E 9 Mile Rd Eastpointe, MI 48021
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    Property profile & analytics

    18001 E 9 Mile Rd, Eastpointe, MI 48021

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    • Drive through restaurants
    • 2,559 SF
    • 0.80 lot acres
    For Sale
    $605,000
    View Listing →
    Eastpointe NNN Leased Restaurant For Sale
    $605,000
    3,154 SF

    Eastpointe NNN Leased Restaurant

    NNN leased restaurant property with a strong franchisee guarantee.

    18001 E 9 Mile Rd, Eastpointe, MI
    View Listing
    Property ID
    US43-1749563
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wendy's / Restaurant / Take-out & Catering

    Property Details for 18001 E 9 Mile Rd

    Year built
    1978
    Lot size
    0.80 lot acres
    Zone code
    B-3
    Property type
    Drive through restaurants
    APN
    02-14-29-451-005
    APU
    21429451005

    Description

    This exceptional investment opportunity features a Wendy's restaurant located at 18001 E 9 Mile Rd, Eastpointe, MI 48021, in Macomb County. The property boasts a fee-simple ownership structure and comprises a 3,154-square-foot building situated on a 0.8-acre lot. Built in 1986, this established QSR operates under a 20-year triple-net (NNN) lease, eliminating landlord responsibilities. The current annual net operating income (NOI) is $156,000, yielding a 5.60% cap rate at an asking price of $2,785,714 ($883.23 per square foot). The lease includes annual rent increases, with the lesser of a change in the Consumer Price Index (CPI) or 1.50% applied annually, providing consistent income growth. The franchisee, Meritage Hospitality Group, is a significant and experienced operator with a substantial portfolio, mitigating risk. This presents a compelling opportunity for investors seeking a stable, high-yield, long-term investment in a well-established quick-service restaurant brand. The property's location in Eastpointe, Michigan offers strong visibility and accessibility. This is a turnkey investment with minimal management requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $602,000
      Market price range: $222k - $603k
      AI Estimate
      $602,000
      Market price range: $222k - $603k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Eastpointe
    County
    Macomb
    State
    Michigan
    Longitude
    -82.9349
    Latitude
    42.4656
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $20,991
    $0.00
    $0.00
    $310,600
    -
    $0.00
    $0.00
    $621,200

    Comparable in this City

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      21063 Kelly Rd

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      20840 Gratiot Ave

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      20840 Gratiot Ave, Eastpointe, MI 48021-2863
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    • Value Estimation
      $2,505,000
      2,428 SF

      18592 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
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      18322 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      18322 9th Mile Rd, Eastpointe, MI 48021-1961
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    • Value Estimation by Request
      739 SF

      17821 9th Mile Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      17821 9th Mile Rd, Eastpointe, MI 48021-2567
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,154 SF

      Eastpointe NNN Leased Restaurant

      NNN leased restaurant property with a strong franchisee guarantee.
      18001 E 9 Mile Rd, Eastpointe, MI 48021
      View Details
    • $189,950
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      Eastpointe Commercial Building For Sale

      Commercial building in a vibrant neighborhood, suitable for various businesses.
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      Updated Retail Property in Eastpointe

      Recently remodeled retail property with high visibility and ample parking.
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      Eastpointe Commercial Building For Sale

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      Renovated Commercial Property with Drive-Through

      Move-in ready commercial space with drive-through in Eastpointe, MI.
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      Detroit Wing Company Investment Opportunity

      NNN investment opportunity with a new 12-year lease.
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    Similar Nearby for Lease

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      New Retail Center with Drive-Thru

      Proposed retail center with drive-thru for lease.
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    • $7,000 /Mo

      Eastpointe Manor Retail/Office/Entertainment Venue

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      Freestanding Restaurant and Office/Retail Space

      Restaurant and office/retail spaces available for lease.
      17265-17275 E 9 Mile Rd, Eastpointe, MI 48021
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    • $3,000 /Mo

      Retail Space in Strip Center

      2,652 sq ft space in Eastpointe, MI for lease.
      14976 10 Mile Rd, Eastpointe, MI 48021
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      Renovated Retail Building on Gratiot

      Turnkey retail building with modern interior on Gratiot Avenue.
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      Eastpointe Retail Space For Lease

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    View Listing
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    Eastpointe, MI 48021
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    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.

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    18001 E 9 Mile Rd, Eastpointe, MI, 48021
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