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    28801 Telegraph Rd Flat Rock, MI 48134
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    Property profile & analytics

    28801 Telegraph Rd, Flat Rock, MI 48134

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    • Drive through restaurants
    • 1,247 SF
    • 0.23 lot acres
    For Sale
    View Listing →
    Established Sub Shop For Sale For Sale
    Contact for pricing
    1,247 SF

    Established Sub Shop For Sale

    Well-established sub shop available for purchase in Flat Rock.

    28801 Telegraph Rd, Flat Rock, MI 48134
    View Listing
    Property ID
    US43-0995882
    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

    • Drive through restaurants

    Property Details for 28801 Telegraph Rd

    Lot size
    0.23 lot acres
    Property type
    Drive through restaurants
    APN
    58 094 02 0109 000
    APU
    58094020109000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 20, 2015 $100,000 Kelcat LLC Charles Ray Invs Of Flat Rock LLC Warranty Deed —
    Apr 12, 2005 — Charles Ray Investments Of Flat R Ray Hunter INC Quit Claim Deed · related —
    — — Charles Ray Invs Of Flat Rock LLC — Deed Of Trust · related $1.1M · Monroe Bank & Trust

    Description

    This thriving sub shop, Captain Nemo's, presents a fantastic investment opportunity in Flat Rock, Michigan. Located at 28801 Telegraph Rd, 48134, this 1,247 square foot storefront boasts a strong cash flow and significant growth potential. The business enjoys a stellar reputation within Flat Rock and surrounding communities, evidenced by high customer reviews and strong community support. The current owner is willing to provide extensive training to ensure a smooth transition for the new owner. The property benefits from a prime downtown Flat Rock location, offering excellent commercial visibility and the added advantage of outdoor seating. Ample parking is available, with easy ingress and egress for customers and staff. This turnkey operation is ready for a new owner to step in and continue its success. The property is a retail storefront in Wayne County, Michigan, offering a well-established business with a loyal customer base and the potential for further expansion. This is a rare opportunity to acquire a profitable, well-regarded business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Flat Rock
    County
    Wayne
    State
    Michigan
    Longitude
    -83.2937
    Latitude
    42.0958
    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
    2023
    $5,262
    $0.00
    $0.00
    $77,900
    -
    $0.00
    $0.00
    $155,800

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      DRIVE-THRU RESTAURANT, FAST FOOD
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      27074 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      27074 Telegraph Rd, Flat Rock, MI 48134-1659
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      3,461 SF

      28398 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
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      2,797 SF

      23400 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
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      27127 Telegraph Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
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      1,247 SF

      Established Sub Shop For Sale

      Well-established sub shop available for purchase in Flat Rock.
      28801 Telegraph Rd, Flat Rock, MI 48134
      View Details
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      4,000 SF

      Downtown Flatrock Freestanding Building

      4,000 SF freestanding building in downtown Flatrock.
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      2,000 SF

      Retail Space Near Major Businesses

      2,000 SF retail space with high visibility location.
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      Pending

      Commercial Building on High-Traffic Road

      2020 SF commercial building with ample parking on 0.89 acres.
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    Similar Nearby for Lease

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      Telegraph Road Commercial Space Available

      Retail, office, and restaurant spaces for lease on Telegraph.
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      Retail Space at Tel-Rock Plaza

      Retail suites and turnkey restaurant space available for lease.
      26842-27000 Telegraph Rd, Flat Rock, MI 48134
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      Retail Space in Gibraltar Plaza

      Retail space for lease in Flat Rock, Michigan.
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      Flat Rock Retail Opportunity

      Retail, automotive, and parking spaces available for lease.
      27340 Telegraph Rd Flt, Rock, MI 48134
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      20,662 SF

      Retail Space in Flat Rock

      Retail space available in a busy shopping center.
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    Flat Rock, MI 48134
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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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