Flex Property with Cold
4713 Dixie Hwy, Waterford, MI 48329
For Sale
New
$799,900
Two buildings combine customer-facing space, a service workshop, and separate warehouse functions.
Property Size9,378 SF
Price / SF$88.88
Days on Market2
Property Features for 4713 Dixie Hwy
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Road Access
Additional Details
Business Included
Cold Storage
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
MBA Real Estate Services
Listed By:
Christopher Mersino · License MI #353012
(248) 620-8660
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:13PM
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 MBA Real Estate Services
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Investment Insights
Based on property information with market context.
This flex property comprises two buildings on more than 1 acre. The front building is approximately 4,000 sq ft, with space arranged for retail, point-of-sale activity, a showroom, or offices; a connected garage provides a workshop for repair or service work. The rear building is approximately 5400 sq ft and contains two primary bays, one environmentally controlled and the other used for cold storage. The current setup accommodates two businesses.
At 4713 Dixie Hwy in Waterford Charter Township, the site extends 530' back from the road. The property is on Dixie Hwy, where the listing reports 33,000 vehicles per day. Built in 1957, the buildings offer a mix of customer-facing, workshop, and storage areas.
At 4713 Dixie Hwy in Waterford Charter Township, the site extends 530' back from the road. The property is on Dixie Hwy, where the listing reports 33,000 vehicles per day. Built in 1957, the buildings offer a mix of customer-facing, workshop, and storage areas.
Key Highlights
- More than 1 acre with 530' of depth from Dixie Hwy
- Front building is approximately 4,000 sq ft, with retail, showroom, office, and workshop areas
- Rear building is approximately 5400 sq ft, with two main bays, including cold storage and an environmentally controlled bay
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,147
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,940
$1.1M
Cap Rate 7%
$773,529
$773.5K
Cap Rate 9%
$601,633
$601.6K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$66.2K $7.35/SF
− Vacancy
−$2.4K −$0.27/SF
EGI
$63.7K $7.08/SF
− OpEx
−$9.6K −$1.06/SF
NOI
$54.1K $6.02/SF
Area
Oakland County, MI
Vacancy
3.70%
Lease Rate
$7.35 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,940
Cap Rate 7%
$773,529
Cap Rate 9%
$601,633
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap · market cap 12.11%
Second Best
Flex RnD
$1.33M
$1.16M – $1.55M
NOI $93,085 @ 7.0% cap · market cap 11.64%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,886 @ 7.0% cap · market cap 16.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
33,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Under-served
Demand for This Use
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
$245,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Oakland County, MI
Properties on Market for Flex space in Oakland County
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Square One Eats & Treats — 4750 W Walton Blvd, Waterford Twp, MI 48329
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings combine customer-facing space, a service workshop, and separate warehouse functions.
Where is this flex space located?
The property is located at 4713 Dixie Hwy Waterford, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: More than 1 acre with 530' of depth from Dixie Hwy; Front building is approximately 4,000 sq ft, with retail, showroom, office, and workshop areas; Rear building is approximately 5400 sq ft, with two main bays, including cold storage and an environmentally controlled bay
