Remodeled Office Suites with Show
New
For Sale
$170,000
4512 Dixie Highway, Waterford, MI 48329
Remodeled in 2021, this five-suite office layout includes a waiting area, office space, and a large front show area.
Days on Market4
Property Features for 4512 Dixie Highway
General Information
Standard status
Active
Property subtype
Commercial
Additional Details
Office Units
5
Amenities
waiting area
office area
front large show area
Building Details
Building Size
1,380 SF
Year Built
1946
Year Renovated
2021
Tenancy
Multi
Listing Agency:
Keller Williams Premier
(248) 394-0400
Listed By:
Jeffrey N Decker
Source:
Thebrokeragehouse
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 11:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Premier
Investment Insights
Based on property information with market context.
This remodeled office property was built in 1946 and updated in 2021. The space is configured with five separate suites, along with a waiting area and an office area. A front large show area provides a prominent space for reception, display, or client-facing use depending on your business needs.
The property is located at 4512 Dixie Highway in Waterford, MI, with an address suited for visibility and day-to-day customer or client traffic.
Available for lease, for sale, and lease option, the layout can support multiple professionals or functions under one ownership structure, with common entry support from the waiting area and a dedicated front show space.
The property is located at 4512 Dixie Highway in Waterford, MI, with an address suited for visibility and day-to-day customer or client traffic.
Available for lease, for sale, and lease option, the layout can support multiple professionals or functions under one ownership structure, with common entry support from the waiting area and a dedicated front show space.
Key Highlights
- Remodeled in 2021
- Built in 1946
- Five separate office suites
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.2k | $16.80 |
| − Vacancy | −$2.0k | −$1.43 |
| EGI | $21.2k | $15.37 |
| − OpEx | −$6.4k | −$4.61 |
| NOI | $14.8k | $10.76 |
1,380 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$212.1K
$185.6K – $247.5K
NOI $14,849 @ 7.0% cap · market cap 8.73%
Second Best
Office B
$67.9K
$59.4K – $79.2K
NOI $4,751 @ 7.0% cap · market cap 2.79%
Theoretical Best
Specialty Retail
$297.7K
$260.5K – $347.3K
NOI $20,836 @ 7.0% cap · market cap 12.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
479
Businesses Nearby
Explore this area
Business Placement
Demographics for 48329, MI
24,391
Population
10,249
Households
2.4
Avg Household Size
45
Median Age
29%
College-Educated
94%
High-School Grad
10.3 sq mi
ZIP Area
2,368
Density / Sq Mi
$85,777
Median Household Income
$48,837
Median Earnings
$1,323
Median Rent
$245,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Remodeled in 2021, this five-suite office layout includes a waiting area, office space, and a large front show area.
Where is this office units located?
The property is located at 4512 Dixie Highway Waterford, MI.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Remodeled in 2021; Built in 1946; Five separate office suites
