Renovated Storefront with
For Sale
$549,900
2580 Dixie Highway, Waterford, MI 48328
COMMERCIAL - Waterford, MI
Property Size2,815 SF
Lot Size0.09 Acres
Price / SF$195.35
Days on Market655
Property Features for 2580 Dixie Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Interior features
Broadband
Elementary school district
Pontiac
Middle school district
Pontiac
High school district
Pontiac
Directions
Dixie Hwy W of Telegraph
Subdivision
Oakland County - 70
Standard status
Active
APN
13-13-129-021
Size
2,815 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
Silvercrest Lots 11 & 12
Tax Annual Amount
3600
Legal Description
Silvercrest Lots 11 & 12
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Amenities
garage showplace
private office/meeting space
full bathroom including shower and bidet
Building Details
Year built
1928
Floors in Building
1
Number of units
1
Building materials
Block
Roof type
Composition
Listing Agency:
Seller Nation
(248) 354-1400
Listed By:
Ronald Jasgur · License #6502139541
(248) 789-8501
Added: Nov 4, 2024
Changed: Aug 4
Last Checked: Aug 21 at 2:06PM
MLS# 24057710
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,815-square-foot storefront occupies a 0.09-acre parcel and was built in 1928 with block construction. The property has undergone a complete renovation and includes a garage configured for automotive display, along with private office and meeting areas. A full bathroom provides a shower and bidet, while included equipment, décor, fixtures, and pinball machines add to the existing buildout. Forced-air heat, central air, broadband access, cable availability, and a composition roof are also in place.
The property fronts Dixie Highway and includes pylon signage. Its Waterford setting is positioned between Waterford Hills Raceway and M-1 Concourse. The space is presented for private office use, small office users, and service businesses, subject to applicable requirements.
The property fronts Dixie Highway and includes pylon signage. Its Waterford setting is positioned between Waterford Hills Raceway and M-1 Concourse. The space is presented for private office use, small office users, and service businesses, subject to applicable requirements.
Key Highlights
- 2,815‑square‑foot storefront on a 0.09‑acre parcel
- Complete renovation with block construction dating to 1928
- Garage configured for automotive display and specialty use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,291
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,820
$605.8K
Cap Rate 7%
$432,729
$432.7K
Cap Rate 9%
$336,567
$336.6K
Market Conditions
NOI Build-Up for 2,815 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.3K $16.80/SF
− Vacancy
−$4.0K −$1.43/SF
EGI
$43.3K $15.37/SF
− OpEx
−$13.0K −$4.61/SF
NOI
$30.3K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$605,820
Cap Rate 7%
$432,729
Cap Rate 9%
$336,567
Alternative Uses
Best Use
Retail
$432.7K
$378.6K – $504.9K
NOI $30,291 @ 7.0% cap · market cap 5.51%
Second Best
Office B
$138.4K
$121.1K – $161.5K
NOI $9,691 @ 7.0% cap · market cap 1.76%
Theoretical Best
Specialty Retail
$607.2K
$531.3K – $708.4K
NOI $42,502 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48328, MI
24,178
Population
11,938
Households
2
Avg Household Size
43
Median Age
27%
College-Educated
93%
High-School Grad
8.9 sq mi
ZIP Area
2,717
Density / Sq Mi
$69,788
Median Household Income
$42,084
Median Earnings
$1,041
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Accent Flowers Weddings & Events — 2776 Dixie Hwy, Waterford Twp, MI 48329
- Peels Flower market — 2045 dixie hwy, waterford twp, mi 48328
Frequently Asked Questions
What type of property is this?
Storefront property - Fully renovated commercial space combines a private office, meeting area, bathroom, and specialty garage improvements.
Where is this storefront property located?
The property is located at 2580 Dixie Highway Waterford, MI.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 2,815‑square‑foot storefront on a 0.09‑acre parcel; Complete renovation with block construction dating to 1928; Garage configured for automotive display and specialty use
