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    Property profile & analytics

    1009 Cres Lk Rd Waterford, MI 48327-2409

    • Grocery and convenience stores
    • 4,062 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $1,170,000
    Last Sale
    Sep 15, 2022
    $1,100,000
    Location Intelligence
    Property ID
    US43-0160428
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1009 Cres Lk Rd

    Year built
    1988
    Lot size
    0.45 lot acres
    Property size
    4,062 SF
    Zone code
    BI
    Property type
    Grocery and convenience stores
    APN
    W -13-21-281-028
    APU
    W1321281028

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,165,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,035,000
      6.5%
      $1,175,000
      7%
      $1,055,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,135,000
      Geo Method
      $1,115,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,285,000
      Retail
      $1,135,000
      Mixed-Use
      $1,140,000
      Hospitality
      $1,310,000
      Educational
      $1,260,000
      Residential Income
      $1,130,000
      Energy
      $1,315,000
      Income-Based Land
      $1,135,000
      Food Service
      $1,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3864
    Latitude
    42.6534
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $13,067
    $0.00
    $0.00
    $258,290
    -
    $0.00
    $0.00
    $516,580

    Comparable in this City

    • Value Estimation by Request
      3,050 SF

      6381 Elizabeth Lk Rd

      GROCERY, SUPERMARKET • 3,050 SF
      6381 Elizabeth Lk Rd, Waterford, MI 48327-1716
      View Details
    • Value Estimation
      $4,835,000
      2,315 SF

      5990 Highland Rd

      GROCERY, SUPERMARKET • 2,315 SF
      5990 Highland Rd, Waterford, MI 48327-1829
      View Details
    • Value Estimation
      $1,020,000
      2,257 SF

      7000 Cooley Lk Rd

      GROCERY, SUPERMARKET • 2,257 SF
      7000 Cooley Lk Rd, Waterford, MI 48327-4111
      View Details
    • Value Estimation
      $510,000
      1,006 SF

      7981 Elizabeth Lk Rd

      GROCERY, SUPERMARKET • 1,006 SF
      7981 Elizabeth Lk Rd, Waterford, MI 48327-3609
      View Details
    • Value Estimation by Request
      2,260 SF

      5761 Cooley Lk Rd

      GROCERY, SUPERMARKET • 2,260 SF
      5761 Cooley Lk Rd, Waterford, MI 48327-3017
      View Details
    • Value Estimation by Request
      1,112 SF

      7250 Highland Rd

      GROCERY, SUPERMARKET • 1,112 SF
      7250 Highland Rd, Waterford, MI 48327-1506
      View Details

    Similar Nearby for Sale

    • New
      $89,999
      8,216 SF

      Waterford, MI Retail Opportunity

      Retail space for sale with existing store setup in Waterford.
      333 N Waterford Rd, Waterford, MI 48327
      View Details
    • $294,000

      M-59 Frontage Retail/Office Opportunity

      High-traffic location with frontage on M-59 in Oakland County.
      5619 Highland Rd, Waterford, MI 48327
      View Details
    • $899,000
      12,500 SF

      Retail Building with High Visibility

      12,500 SF building with 9.5% cap rate and escalations.
      7150 Cooley Lake Rd, Waterford, MI 48327
      View Details
    • $750,000
      10,241 SF

      Highland Road Retail/Industrial Opportunity

      Two freestanding buildings on Highland Road with high visibility.
      6129 Highland Rd, Waterford, MI 48327
      View Details
    • $2,100,000
      12,000 SF

      12,000 SF Retail Center For Sale

      Fully occupied retail center with high visibility on M-59.
      5302 Highland Rd, Waterford, MI 48327
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    • $4,700,000
      49,434 SF

      Renovated Retail/Automotive Property in Waterford

      49,434 SF building on 7.5 acres, renovated in 2023.
      5900 Highland Rd, Waterford, MI 48327
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,000 SF

      Redeveloped Retail Center Space

      Retail spaces available in a redeveloped shopping center.
      5733 Elizabeth Lake Rd, Waterford, MI 48327
      View Details
    • Contact for pricing
      3,455 SF

      Retail Space in Waterford Plaza

      Retail space available in Waterford Plaza at M-59 & Crescent.
      5038 Highland Rd, Waterford, MI 48327
      View Details
    • Contact for pricing
      4,998 SF

      Waterford Township Retail Gem

      Lakefront Restaurant Opportunity, 4,998 SF
      7890 Highland Rd, Waterford Township, MI 48327
      View Details
    • $1,800 /Mo
      1,200 SF

      Retail Space Available For Lease

      Retail space for lease with 1200 square feet.
      5550 Cooley Lake Rd, Waterford, MI 48327
      View Details
    • Contact for pricing
      20,000 SF

      M-59 Plaza Retail Space Available

      High-traffic Waterford Twp retail center.
      7362 Highland Rd, Waterford Township, MI 48327
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Kroger-anchored shopping center in Waterford.
      5205-5217 Highland Rd, Waterford, MI 48327
      View Details

    Property Visit Statistics

    • Visits by month
      15.8k
    • Visitors by month
      7.1k
    • Avg Time on site
      10 min
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    1009 Cres Lk Rd
    Waterford, MI 48327-2409
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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
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