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    495 Summit Dr Waterford, MI 48328

    For Lease
    $18 SF/Yr

    110,000 SF retail space with ample parking.

    Property size:
    110,000 SF
    Lot size:
    14.09 Acres

    Property Features for 495 Summit Dr

    General Information

    Size
    110,000 SF
    Lot size
    14.09 Acres

    Source: Beanstalk Real Estate Solutions Agent Paul DeBono

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Summit Drive Retail Opportunity

    This property offers approximately 110,000 rentable square feet of versatile space suitable for various uses. It features excellent visibility and access within the Summit Mall Development District. The property is a standalone parcel, providing enhanced operational flexibility without adjacent property users. There are 425 surface parking spaces available for staff and customers. Freestanding signage opportunities are available along Summit Drive. The building includes seven loading docks and additional drive-in roll-up doors. The modern infrastructure features high ceilings and wide column spacing for adaptable interior configurations. Originally built for Sam's Club and most recently occupied by Tommy's Boats, this is a proven commercial asset.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3344594
    Latitude
    42.6479955

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    FAQs

    What type of property is this?
    Showroom - 110,000 SF retail space with ample parking.
    Where is this showroom located?
    The property is located at 495 Summit Dr Waterford, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: Excellent visibility and access within the Summit Mall Development District.; - Generous Parking: 425 surface parking spaces for staff and customers.; - Versatile Space: Approximately 110,000 rentable square feet suitable for various uses.
    (313) 446-8060
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    495 Summit Dr Waterford, MI 48328
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    Realmo Value Estimation

    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.

    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.

    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
    495 Summit Dr Waterford, MI 48328
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