Financial
Distress signals
Property profile

2580 Dixie Hwy Waterford, MI 48328

FOR SALE
Retail space
Property ID
US43-1103217
2,815 SF 0.09 ac lot Built 1928
Last sale Sep 2023 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a renovated commercial building totaling 2,815 square feet, configured to support uses such as private offices, service businesses, and small office users. It includes a garage-type showcase area along with dedicated private office and meeting space. A full bathroom is present and includes a shower and bidet. The building has been renovated to the block structure and includes included equipment, décor, and fixtures. It has pylon signage available on Dixie Highway and is located between Waterford Hills Raceway and M-1 Concourse.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$3k
Tax billed · 2023
Assessed value · 2024$74k
Effective rate4.17%

Value estimate

· Sep 2026
$220k
$198k – $242k
NOI build-up
Gross scheduled income$47k
Vacancy & credit loss−$4k
Operating expenses−$13k
NOI · 5.51% cap applied$30k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$102/SF
Submarket average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$68 – $164
Qualifying comparables5

Cap rate analysis

How does the asset earn?
5.51%
$30k estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
BI
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 agency18.8
Spa & Massage14.8
Restaurant13.4

Location

2580 Dixie Hwy Waterford, MI 48328
County assessor Recorded deeds · 5 transfers 5 qualifying comp sales Zoning catalog

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
990 Cass Lk, Waterford, MI 48328-4121 $450,000 Sep 2024 3,024 SF
4396 Highland, Waterford, MI 48328-2139 $600,000 Aug 2022 2,951 SF
3843 Elizabeth Lk, Waterford, MI 48328-3017 $300,000 Jun 2021 2,808 SF
3833 Elizabeth Lk, Waterford, MI 48328-3017 $300,000 Jun 2021 2,369 SF
2685 Elizabeth Lk, Waterford, MI 48328-3211 $275,000 Dec 2020 3,050 SF
2410 Voorheis, Waterford, MI 48328-3945 $125,000 Nov 2019 2,847 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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