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    Property profile & analytics

    4670 Walton Blvd Waterford Township, MI 48329

    • Retail properties
    • 6,600 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 4670 Walton Blvd

    Property size
    6,600 SF
    Property type
    Retail properties

    Description

    Walton Plaza, located at 4670 W Walton Blvd in Waterford Township, Michigan, offers exceptional retail space for lease. This prime location in Oakland County boasts a total of 6,600 square feet of retail space within a multi-tenant building. Currently, there are two available spaces, each offering flexibility in size. One space can accommodate a minimum of 1,200 square feet, while the maximum contiguous space available is 1,480 square feet. In total, 2,680 square feet of vacant space is ready for immediate occupancy. The property's address is 4670 W Walton Blvd, Waterford Twp, MI 48329. This presents a unique opportunity for businesses seeking a well-situated retail presence in a thriving community. The property's convenient location and ample space make it ideal for a variety of retail uses. Interested parties are encouraged to inquire about lease terms and availability. The property is categorized as retail shops and is situated in a multiple tenancy building. The geographic coordinates are latitude 42.6901474 and longitude -83.3819855.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.382
    Latitude
    42.6901

    Comparable in this City

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    • Value Estimation by Request
      15,344 SF

      2905-2965 Walton Blvd

      Lifestyle centers • 15,344 SF
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      4,600 SF

      4895 Dixie Hwy

      Airport retail • 4,600 SF
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      1,280 SF

      5995 Williams Lk Rd

      AUTO REPAIR, GARAGE • 1,280 SF
      5995 Williams Lk Rd, Waterford, MI 48329-3289
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    • Value Estimation by Request
      14,194 SF

      4800 Dixie Hwy

      DRUG STORE, PHARMACY • 14,194 SF
      4800 Dixie Hwy, Waterford, MI 48329-1705
      View Details
    • Value Estimation by Request
      6,000 SF

      4977 Dixie Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      4977 Dixie Hwy, Waterford, MI 48329-1709
      View Details

    Similar Nearby for Sale

    • $500,000
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      Dixie Hwy Retail Opportunity

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    • $599,000
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      Waterford Retail Building For Sale

      Prime Waterford location, 3,727 sq ft, multiple uses
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    • $1,350,000
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    • $399,000
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      Retail Property with Beer/Wine License

      Retail property in Waterford, MI, includes beer and wine license.
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    • Contact for pricing
      2.00 Acres

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      2-3 acre C-2 zoned land; prime retail/mixed-use.
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    Similar Nearby for Lease

    • $17 SF/Yr
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      Dixie Hwy Retail Opportunity

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      Dixie Hwy Executive Office Space

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      Dixie Hwy Retail Center

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    • Contact for pricing
      2,880 SF

      Retail Space in Waterford Plaza

      Neighborhood plaza with 2,880 sq ft available for rent.
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    • $1,000 /Mo

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      Retail space with high exposure and multiple floorplan options.
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    • $11,250 /Mo

      Turn Key Bar/Restaurant Space

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    4670 Walton Blvd
    Waterford Township, MI 48329
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    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
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