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    7150 Cooley Lk Rd Waterford Township, MI 48327

    Sponsored
    For Sale
    $899,000

    High-yield retail investment, 9.5% cap rate.

    Property size:
    12,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 12,500 square foot shopping center, located at 7150 Cooley Lake Road in Waterford Township, Oakland County, Michigan (zip code 48327), presents a compelling investment opportunity. The property boasts a prominent location offering tremendous visibility and ample parking with smooth ingress and egress. Currently occupied by Incredipets under a single-tenant lease, the property benefits from a highly attractive lease structure with a remaining term of nine years (out of a ten-year lease). The lease includes built-in rent escalations, contributing to the strong 9.5% capitalization rate. Incredipets, a tenant with a long and successful track record in a rapidly expanding industry, ensures a stable and reliable income stream. The asking price for this exceptional retail investment is $899,000. This property is ideal for investors seeking a secure, high-yield investment with significant upside potential. The property's prime location and strong tenant occupancy make it a truly exceptional opportunity in the competitive Michigan market. Don't miss this chance to acquire a well-positioned, income-producing asset with a proven track record.

    Property Features for 7150 Cooley Lk Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    12,500 SF

    HighLights

    • Nine‑year remaining lease with Incredipets (ten‑year lease).
    • 9.5% capitalization rate with built‑in rent escalations.
    • Asking price: $899,000.
    • 12,500 square foot building with high visibility.
    • Ample parking and easy access.
    • Attractive lease terms.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4263606
    Latitude
    42.6163203

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail investment, 9.5% cap rate.
    Where is this lifestyle center located?
    The property is located at 7150 Cooley Lk Rd Waterford Township, MI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Nine-year remaining lease with Incredipets (ten-year lease).; 9.5% capitalization rate with built-in rent escalations.; Asking price: $899,000.
    Request Owner's contact information
    7150 Cooley Lk Rd Waterford Township, MI 48327
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7150 Cooley Lk Rd Waterford Township, MI 48327
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