Financial
Distress signals
Property profile

7150 Cooley Lake Rd Waterford Township, MI 48327

FOR SALE
Super regional malls
Property ID
US43-0963273
12,510 SF Built 1968
Last sale Feb 2025 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 12,510-square-foot retail space, located at 7150 Cooley Lake Road in Waterford Township, Michigan, presents a unique investment opportunity. The property, a single-tenant building within a strip center, boasts a spacious layout ideal for a variety of retail uses. Constructed in 1968 and renovated in 1989, the building is situated on a sizable lot offering ample parking with 578 spaces for customers and employees. The entire 12,510 square feet is currently vacant, providing a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value · 2024$414k
Effective rate3.98%

Value estimate

· Sep 2026
$820k
$738k – $902k
Submarket $/SF estimate$869k
NOI build-up
Gross scheduled income$210k
Vacancy & credit loss−$18k
Operating expenses−$58k
NOI · 14.96% cap applied$135k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$56 – $139

Cap rate analysis

How does the asset earn?
14.96%
$135k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.6
Law Firm18.4
Dental Office17.6

Location

7150 Cooley Lake Rd Waterford Township, MI 48327
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5798 Highland, Waterford, MI 48327-1826 $2,017,500 May 2024 14,530 SF
7920 Cooley Lk, Waterford, MI 48327-4184 $870,000 Feb 2022 19,445 SF
5302 Highland, Waterford, MI 48327-1918 $1,280,000 Jan 2022 12,457 SF
6890 Cooley Lk, Waterford, MI 48327-4109 $225,000 Nov 2019 4,016 SF
66 Williams Lk, Waterford, MI 48327-3672 $475,000 Aug 2019 8,216 SF
6640 Cooley Lk, Waterford, MI 48327-4205 $800,000 Mar 2019 7,010 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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