20 Telegraph Rd Waterford, MI 48328-3860
Property profile & analytics
20 Telegraph Rd Waterford, MI 48328-3860
- Drug stores
- 14,780 SF
- 1.63 lot acres
Property ID
US43-0228388
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.
Location Intelligence
Current Use by Public Records
- Drug stores
Property Details for 20 Telegraph Rd
- Year built
- 2007
- Lot size
- 1.63 lot acres
- Property size
- 14,780 SF
- Zone code
- BI
- Property type
- Drug stores
- APN
- W -13-25-477-033
- APU
- W1325477033
Description
This exceptional investment opportunity presents a fee-simple ownership of a Walgreens located at 20 S Telegraph Rd, Suite 1, Waterford Township, MI 48328. The 14,820 square foot property, built in 2008, sits on a 1.63-acre lot at a hard corner intersection with high traffic counts (45,000 VPD). The property boasts a strong absolute NNN lease with Walgreens, a corporate guaranteed tenant, with 8.1 years remaining on a 25-year lease (commencing 01/01/2008 and expiring 12/31/2032), including 10 five-year renewal options. The current NOI is $533,952, resulting in a 7.00% cap rate and a price per square foot of $514.70. The property is 100% occupied and benefits from a large population (72,944 within 3 miles) and a cell phone tower on the site leased by T-Mobile USA. This is a prime retail investment with significant long-term potential. The asking price is $7,627,885.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,788,000
- AI Estimate
- $1,788,000
Market price range: $1.01M - $2.42MMarket price range: $1.01M - $2.50M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,510,000 Current use
- COMMERCIAL (GENERAL)
- $2,595,000 Change: +72% Conversion: Easy
- RESTAURANT
- $2,560,000 Change: +69% Conversion: Easy
- MEDICAL BUILDING
- $2,335,000 Change: +54% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,430,000 Change: -5% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,375,000 Change: -9% Conversion: Moderate
- OFFICE BUILDING
- $1,290,000 Change: -15% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3264
- Latitude
- 42.6347
- 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
$36,187
$0.00
$0.00
$734,060
-
$0.00
$0.00
$1,468,120
