Entity Owned 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
Location
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
since 2021
1 recorded transaction
Zoning & alternative use
BI · Waterford, MI
Top alternative use upside
Medical building
$2.5M
+54.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.56M
Value range
$1.40M – $1.72M
±10% around blend
Estimated value / SF
$99 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$1.40M
blend $1.56M
$1.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,822 SF
Lot area
2.8 ac
Year built
1996
Stories
1
APN
W -13-13-426-023
Zoning
BI
Assessed value
$640,690
Annual tax
$30,457
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.58M
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
23.4 mi away · 11,448 SF
23.4 mi away · 15,750 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.56M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 30 sales
$102
-4%
County 385 sales
$169
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $99/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+54%
vs current-use indication
Retail Stores · current use
Auto Repair, Garage
Neighborhood: Shopping Center
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$641k
Move the market yield to see immediate price impact.
Value / SF
$40
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$40k
$807k
$577k
$448k
$45k
$897k
$641k
$498k
$49k
$987k
$705k
$548k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$3.45M
7.6 mi · Sep 2025 · $235/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, MIZoning BI · permitted uses
BI · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Waterford, MI
Recorded code
BI
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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