Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Tbd Shoppes At Walled Lk Walled Lake, MI 48390

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail space available in Walled Lake, MI.

    Lot size:
    7,080 SF

    Property Features for 0 Tbd Shoppes At Walled Lk

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,080 SF

    Spaces For Lease

    at 0 Tbd Shoppes At Walled Lk, Walled Lake, MI 48390 Contact us

    We can help!

    Listing Contact
    Noah Thomas

    Listing Agency: CMP Real Estate Group Listing Agent: Noah Thomas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail opportunity is located within the Shoppes at Walled Lake in Oakland County, Michigan, zip code 48390. The property offers a total of 7,080 square feet of commercial space, with 4,784 square feet currently available for lease. The space is ideal for a variety of retail businesses seeking high visibility and convenient access. The property's multiple tenancy structure provides a vibrant and diverse shopping environment, attracting a significant customer base. The address is currently listed as TBD Shoppes at Walled Lake. This prime location in Walled Lake, Michigan offers excellent exposure to a thriving community. The available space presents a unique chance to establish or expand a retail presence in a desirable area. With its ample square footage and strategic location, this property is poised for success. Interested parties are encouraged to inquire for further details and leasing information. The property is classified as retail commercial space. The building's total square footage is 7,080 square feet. The property is situated at latitude 42.537811 and longitude -83.4810481.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Walled Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4810481
    Latitude
    42.537811

    Nearby Similar for Lease

    • $10 SF/Yr
      15,400 SF

      Maple Plaza: Retail Space Available

      High-traffic retail center; spaces from 1,600 sq ft.
      1124 West Maple Rd, Walled Lake, MI 48390
      View Details
    • $2,750 /Mo

      Freestanding Commercial Building in Walled Lake

      1500 sqft building in downtown Walled Lake for lease.
      235 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      5,600 SF

      Retail Outlot with Drive Thru

      Retail or office space with high visibility and ample parking.
      1110 N Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $1,600 /Mo

      Executive Office Space For Rent

      Executive office space featuring large offices, foyer, and kitchen.
      990 Decker Rd, Walled Lake, MI 48390
      View Details
    • $13 SF/Yr
      16,000 SF

      861 N Pontiac Trail

      Distribution properties • 16,000 SF
      861 Pontiac Trl, Walled Lake, MI 48390
      View Details
    • $5,500 /Mo

      Multi-Use Building For Lease

      Versatile building suitable for various business and retail purposes.
      1160 Welch Rd, Walled Lake, MI 48390
      View Details
    • Contact for pricing
      1,320 SF

      Walled Lake Retail Space Available

      1320 SF retail space in a neighborhood-focused environment.
      1320-1340 S Commerce Rd, Walled Lake, MI 48390
      View Details
    • $14 SF/Yr
      18,000 SF

      Walled Lake Medical Office Suite

      1,500 SF Available, Oakland County
      55 Pond Dr, Walled Lake, MI 48390
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic retail space available in Walled Lake, MI.
    Where is this retail property located?
    The property is located at Tbd Shoppes At Walled Lk Walled Lake, MI.
    What are key features of this property?
    This property features: Join Starbucks in a new Walled Lake mixed-use development.; Shoppes at Walled Lake is a new 2024 retail development serving Walled Lake, Novi, and Commerce.; Ideal for food, service retail, or medical tenants.
    (248) 538-2000
    Request Owner's contact information
    Tbd Shoppes At Walled Lk Walled Lake, MI 48390
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Tbd Shoppes At Walled Lk
    Walled Lake, MI 48390
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Tbd Shoppes At Walled Lk Walled Lake, MI 48390
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Noah Thomas
    (248) 538-2000 (248) 885-7644
    Learn more
    Google sign-in failed. Please try again or use another login method.