Inline Retail
For Sale
Contact for pricing
5500 Cooley Lake Road, Waterford, MI 48327
Shopping center space with pylon signage, on-site parking, and access from a signalized intersection.
Property Size1,200 SF
Price / SF$0.02
Days on Market48
Property Features for 5500 Cooley Lake Road
General Information
Standard status
Active
Size
1,200 SF
Amenities
pylon signage
Listing Agency:
GRI Homes for Today
(248) 234-6789
Listed By:
Tjader Gerdom · License #6502357230
(248) 515-7606
Source:
Brendaharrisgroup
Added: Sep 6
Changed: Oct 9
Last Checked: Oct 20 at 8:13PM
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 GRI Homes for Today
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200 SF inline commercial space is positioned within Lakeview Plaza and can accommodate retail, restaurant, or office use. The center provides pylon signage and ample parking for customers and occupants.
The property is located at Cooley Lake Road and Cass Elizabeth Road in Waterford, within Oakland County’s lakes area. Access is provided at the lighted intersection, supporting convenient entry to the center.
The property is located at Cooley Lake Road and Cass Elizabeth Road in Waterford, within Oakland County’s lakes area. Access is provided at the lighted intersection, supporting convenient entry to the center.
Key Highlights
- 1,200 SF inline space at Lakeview Plaza
- Retail, restaurant, or office use supported
- Located at Cooley Lake Road and Cass Elizabeth Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,131
Suggested Prices Based on Cap Rates
Cap Rate 5%
$82,620
$82.6K
Cap Rate 7%
$59,014
$59.0K
Cap Rate 9%
$45,900
$45.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$7.2K $6.00/SF
− Vacancy
−$1.7K −$1.41/SF
EGI
$5.5K $4.59/SF
− OpEx
−$1.4K −$1.15/SF
NOI
$4.1K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$82,620
Cap Rate 7%
$59,014
Cap Rate 9%
$45,900
Alternative Uses
Best Use
Specialty Retail
$258.8K
$226.5K – $302.0K
NOI $18,118 @ 7.0% cap · market cap 90,590.00%
Second Best
Retail
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 64,560.00%
Theoretical Best
—
—
same as Best Use
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
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 48327, MI
21,811
Population
9,864
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
94%
High-School Grad
11.3 sq mi
ZIP Area
1,930
Density / Sq Mi
$75,512
Median Household Income
$46,259
Median Earnings
$1,058
Median Rent
$241,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Shopping center space with pylon signage, on-site parking, and access from a signalized intersection.
Where is this retail space located?
The property is located at 5500 Cooley Lake Road Waterford, MI.
What are key features of this property?
This property features: 1,200 SF inline space at Lakeview Plaza; Retail, restaurant, or office use supported; Located at Cooley Lake Road and Cass Elizabeth Road
