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Financial
Distress signals
Property profile

2561 Elizabeth Lake Rd Waterford, MI 48328

FOR SALE
Medical Office Space
Property ID
US43-0244499
2,253 SF 1.9 ac lot Built 1962
Last sale Nov 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 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

This medical office property comprises a 2,500-square-foot brick building constructed in 1962 on a 1.9-acre parcel in Waterford, Michigan (Oakland County) at 2561 Elizabeth Lake Road. The interior layout includes multiple exam rooms, dedicated reception areas arranged for separate sick and well visits, laboratory space, and three bathrooms. A full basement provides additional staff break room and storage. The building is served by forced-air heating with central air conditioning, and it has…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. 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.

Debts

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?
$9k
Tax billed · 2023
Assessed value · 2024$184k
Effective rate4.90%

Value estimate

· Oct 2026
$350k
$315k – $385k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$7k
Operating expenses−$23k
NOI · 7.52% cap applied$34k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
County average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$99 – $228
Qualifying comparables15

Cap rate analysis

How does the asset earn?
7.52%
$34k 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 agency17.9
Parking Facility11.5
HVAC Service10.6

Location

2561 Elizabeth Lake Rd Waterford, MI 48328
County assessor Recorded deeds · 3 transfers 15 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

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1095 Huron St, Waterford, MI 48328-3735 $245,000 Apr 2025 No data
1350 Huron, Waterford, MI 48328-3641 $385,000 Nov 2024 3,708 SF
1265 Huron St, Waterford, MI 48328-3677 $485,000 Mar 2023 3,173 SF
3801 Elizabeth Lk, Waterford, MI 48328-3017 $160,000 Sep 2019 2,856 SF
2759 Elizabeth Lk, Waterford, MI 48328-3291 $500,000 May 2019 4,190 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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