Storefront Commercial
New
For Sale
$225,000
4678 Dixie Hwy, Waterford, MI 48329
The property falls within Waterford Township’s approved Downtown Drayton Plains corridor plan.
Property Size1,107 SF
Days on Market2
Property Features for 4678 Dixie Hwy
General Information
Standard status
Active
Size
1,107 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,639
Building Details
Building Size
1,107 SF
Year Built
1999
Listed By:
Tera Hayward
(248) 894-2330
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:10AM
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 Tera Hayward
Investment Insights
Based on property information with market context.
This storefront commercial property was built in 1999 and is located at 4678 Dixie Hwy in Waterford Township, Michigan. Its position within the township’s approved Downtown Drayton Plains corridor plan provides a relevant planning context for the site. Buyers should confirm permitted uses and development possibilities directly with the township.
Key Highlights
- Built in 1999
- Located at 4678 Dixie Hwy within Waterford Township’s approved Downtown Drayton Plains corridor plan
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,912
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,240
$238.2K
Cap Rate 7%
$170,171
$170.2K
Cap Rate 9%
$132,356
$132.4K
Market Conditions
NOI Build-Up for 1,107 SF
Gross rent
$18.6K $16.80/SF
− Vacancy
−$1.6K −$1.43/SF
EGI
$17.0K $15.37/SF
− OpEx
−$5.1K −$4.61/SF
NOI
$11.9K $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 Rate 5%
$238,240
Cap Rate 7%
$170,171
Cap Rate 9%
$132,356
Alternative Uses
Best Use
Retail
$170.2K
$148.9K – $198.5K
NOI $11,912 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$238.8K
$208.9K – $278.6K
NOI $16,714 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
657
Businesses Nearby
98k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
McDonald's
Dining
25,564 visits/mo
0.3 miles
Shell
Shops & Services
16,502 visits/mo
0.5 miles
Taco Bell
Dining
11,467 visits/mo
0.2 miles
Genisys Credit Union
Shops & Services
7,746 visits/mo
0.2 miles
BIGGBY COFFEE
Dining
6,060 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Invidia Salon — 4646 W Walton Blvd, Waterford Twp, MI 48329
Frequently Asked Questions
What type of property is this?
Storefront property - The property falls within Waterford Township’s approved Downtown Drayton Plains corridor plan.
Where is this storefront property located?
The property is located at 4678 Dixie Hwy Waterford, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Built in 1999; Located at 4678 Dixie Hwy within Waterford Township’s approved Downtown Drayton Plains corridor plan
