Storefront Commercial
For Sale
Contact for pricing
4977 DIXIE HWY, Waterford, MI 48329
BI-zoned general commercial property with a retail-oriented storefront configuration.
Property Size6,000 SF
Price / SF$133.17
Days on Market55
Property Features for 4977 DIXIE HWY
General Information
Standard status
Active
Size
6,000 SF
Class
B
Total Parking Spaces
25
Property subtype
Retail
Zoning
BI
Investment Type
Owner/User
Building Details
Year Built
1975
Stories
1
Units
1
Listing Agency:
3DX Real Estate
Listed By:
Joseph Ayers · License #379291
Source:
Crexi
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 6:26AM
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 3DX Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This general commercial property offers 6,000 SF in a storefront-format building. The asset is identified within storefront and retail property categories and carries BI zoning.
Constructed in 1975, the property is located at 4977 Dixie Hwy in Waterford, Michigan. Its commercial classification and established building vintage provide the core physical and land-use profile for the offering.
Constructed in 1975, the property is located at 4977 Dixie Hwy in Waterford, Michigan. Its commercial classification and established building vintage provide the core physical and land-use profile for the offering.
Key Highlights
- 6,000 SF commercial property
- BI zoning
- Storefront‑format building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,562
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,291,240
$1.3M
Cap Rate 7%
$922,314
$922.3K
Cap Rate 9%
$717,356
$717.4K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$100.8K $16.80/SF
− Vacancy
−$8.6K −$1.43/SF
EGI
$92.2K $15.37/SF
− OpEx
−$27.7K −$4.61/SF
NOI
$64.6K $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%
$1,291,240
Cap Rate 7%
$922,314
Cap Rate 9%
$717,356
Alternative Uses
Best Use
Retail
$922.3K
$807.0K – $1.08M
NOI $64,562 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,590 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
172k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Dining 38%
Apparel 14%
Home Improvements & Furnishings 4%
McDonald's
Dining
25,564 visits/mo
0.3 miles
Dunham's Sports
Apparel
24,526 visits/mo
0.2 miles
Ollie's Bargain Outlet
Shops & Services
17,179 visits/mo
0.2 miles
Shell
Shops & Services
16,502 visits/mo
0.1 miles
Speedway
Shops & Services
16,155 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Invidia Salon — 4646 W Walton Blvd, Waterford Twp, MI 48329
- Bella Florist and Gifts — 5476 Dixie Hwy, Waterford Twp, MI 48329
Frequently Asked Questions
What type of property is this?
Storefront property - BI-zoned general commercial property with a retail-oriented storefront configuration.
Where is this storefront property located?
The property is located at 4977 DIXIE HWY Waterford, MI.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6,000 SF commercial property; BI zoning; Storefront‑format building
