Property profile

30735 Greenfield Rd Southfield, MI 48076

OFF-MARKET
Turn key restaurants
Property ID
US43-0127099
1,620 SF 0.2 ac lot Built 1962
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,620 square foot restaurant space, located at 30735 Greenfield Road in Southfield, Michigan, is available for sale at $349,000. The property, built in 1962, boasts a prime location with high visibility on Greenfield Road. Previously operating as Capri Pizza, this turnkey opportunity comes complete with all existing equipment, including a fully functional pizza oven. The sale includes an active SDM beer and wine license, streamlining the transition for a new owner. The property is currently vacant and ready for immediate occupancy. The asking price translates to $215.43 per square foot. This represents a significant opportunity for an established restaurant operator or a new entrepreneur looking to enter the thriving Southfield market. The property is classified as retail, specifically a restaurant and pizzeria, and is offered in "as-is" condition. The property is situated in Oakland County, Michigan, with a zip code of 48076. This location offers excellent access to major roadways and a dense population base, ensuring high foot traffic and potential customer reach. The property's existing infrastructure and included equipment significantly reduce the start-up costs and time required to begin operations. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a desirable location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1962
Total area 1,620 SF
Lot 0.2 ac (8,799 SF)
Zoning code R-1
APN 76-24-12-230-024
UPID US43-0127099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

30735 Greenfield Rd Southfield, MI 48076-1511
Southfield metro Census 160500 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$100k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$85k

Owner & transaction history

since 2021
Last sale
$80,000
3 recorded transactions
2021
Price N/A
2014
$80,000
1999
$98,406

Zoning & alternative use

R-1 · Southfield, MI
Zoning description

The intended of this district to provide areas in the city for single-family dwellings as permitted uses and residentially related uses

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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