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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Grocery and convenience stores
2060 Dixie Hwy 100, Waterford, MI 48328-1874
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0427610
Property summary
AI-generated overview
This exceptional 2-acre commercial land parcel presents a unique build-to-suit opportunity in the thriving Waterford Township, Michigan market. Located at the hard corner of Dixie Highway and Telegraph Road, this property boasts an unparalleled location within an extensive business district. The site offers 320 feet of frontage on Telegraph Road and 310 feet on Dixie Highway, ensuring maximum visibility and accessibility. With over 60,000 vehicles passing daily, this signalized intersection guarantees high traffic volume. The C-4 zoning allows for a wide range of commercial development options. The property is ideally suited for retail development, with five adjacent units available for lease, ranging from 2,000 to 10,000 square feet, providing potential for synergistic business ventures. Existing curb cuts on both Telegraph Road and Dixie Highway simplify access and development. The asking price is $1,400,000. Facade upgrades are possible, enhancing the aesthetic appeal and potential return on investment. This prime location and flexible development potential make this an exceptional investment opportunity. The property's address is 2060 Dixie Highway, Waterford Township, MI 48328, situated in Oakland County.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1996
Total area
15,822 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BI
APN
W -13-13-426-023
UPID
US43-0427610
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.56M
Owner & transaction history
Bacho Holdings LLC · 5 yrs held
Bacho Holdings LLC
since 2021
1 recorded transaction
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+54.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Waterford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waterford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,615,000
Current use
MEDICAL BUILDING
$2,500,000
Change: +54% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,530,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,475,000
Change: -9% · Conversion: Moderate
OFFICE BUILDING
$1,380,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,457
Tax year 2023
Assessed value
$640,690
Assessed 2024
Previous assessed
$613,590
+4.4% YoY
Effective rate
4.75%
On assessed value
Total market value
$1,281,380
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1996
Heating
YES
Buildings
4
Stories
1
Units
1
Total area
15,822 SF
Lot
2.8 ac (121,968 SF)
Zoning code
BI
APN
W -13-13-426-023
UPID
US43-0427610
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Waterford, MI
Zoning BI · permitted uses
BI · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waterford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
YES
Stories
1
Buildings
4
Units
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Bacho Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
41029 ALLSPICE DR, STERLING HEIGHTS, MI 48314-4010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
—
Bacho Holdings LLC
Aldi INC
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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