New search
Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Turn key restaurants
4922 Dixie Hwy, Waterford, MI 48329-1708
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-1148953
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1997
Total area
3,908 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BI
APN
W -13-03-352-026
UPID
US43-1148953
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
$449k
Blend (final)
Blend
$545k
Owner & transaction history
Dynamic 68 LLC · 2 yrs held
Dynamic 68 LLC
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$685,000
+1.4%
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
$630,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$675,000
Current use
COMMERCIAL (GENERAL)
$685,000
Change: +1% · Conversion: Easy
MEDICAL BUILDING
$615,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Dec 5 2023)
Last sale anchor
$550k
Dec 5 2023
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
$139 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$14,176
Tax year 2021
Assessed value
$250,290
Assessed 2023
Previous assessed
$250,290
+0.0% YoY
Effective rate
5.66%
On assessed value
Total market value
$500,580
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
3,908 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BI
APN
W -13-03-352-026
UPID
US43-1148953
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
RESTAURANT Current
Est. value
$675,000
COMMERCIAL (GENERAL)
Est. value
$685,000
MEDICAL BUILDING
Est. value
$615,000
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL 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
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Dynamic 68 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1290 N ORTONVILLE RD E, ORTONVILLE, MI 48462-8532
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
$550,000
Dynamic 68 LLC
B L B Enterprises LLC
Warranty Deed
—
Sep 13, 2023
$600,000
Blb Enterprises LLC
Richard A Campbell
Warranty Deed
—
Sep 13, 2023
—
Forster Parry Waterford Auto Wash L
B L B Enterprises LLC
Land Contract
—
Oct 4, 2016
—
Richard A Campbell
Campbell Richard A Trust
Quit Claim Deed
related
—
Jul 7, 2008
—
King Venture Dev LLC
—
Deed Of Trust
related
$30,000,000 · Fifth Third Bank
—
—
King Venture Development LLC
—
Deed Of Trust
related
$600,000 · Ffca Acquistion Corp
—
—
King Venture Dev LLC
—
Loan Modification
related
—
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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