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Financial
Distress signals
Property profile

4355 Dixie Hwy Waterford, MI 48329

FOR LEASE
Turn key restaurants
Property ID
US43-1223975
1,459 SF 0.29 ac lot Built 1945
Last sale Aug 2023 · $180,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 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

The property at 4355 Dixie Highway, Waterford Township, Michigan (48329) is a drive-through restaurant conversion site with a stripped-down interior and exterior. The existing layout includes inside seating and two bathrooms. The listing references approved architectural plans for a drive-through restaurant buildout, which would guide the conversion from the current condition to a restaurant configuration.

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?
$4k
Tax billed · 2023
Assessed value · 2024$61k
Effective rate6.51%

Value estimate

· Oct 2026
$340k
$306k – $374k
NOI build-up
Gross scheduled income$21k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 78,552.94% cap applied$13k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$173/SF
County average, outlier-cleaned · 126 recorded sales of this use type
Observed band · Q1–Q3$99 – $238
Qualifying comparables10

Cap rate analysis

How does the asset earn?
78,552.94%
$13k 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 index
Realty agency29.6
Restaurant24.8
Law Firm20.3

Location

4355 Dixie Hwy Waterford, MI 48329
County assessor Recorded deeds · 7 transfers 10 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4290 Walton, Waterford, MI 48329-4180 $1,150,000 Jan 2026 1,541 SF
3679 Sashabaw, Waterford, MI 48329-2064 $190,000 Oct 2023 1,398 SF
6011 Williams Lk, Waterford, MI 48329-3289 $560,000 Sep 2023 1,477 SF
4795 Dixie, Waterford, MI 48329-3524 $367,000 Feb 2023 1,601 SF
5268 Dixie, Waterford, MI 48329-1784 $90,000 Dec 2022 1,575 SF
6005 Hatchery, Waterford, MI 48329-3145 $310,000 Jun 2022 1,158 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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