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Financial
Distress signals
Property profile

495 Summit Dr Waterford, MI 48328

FOR LEASE
Other warehouses
Property ID
US43-1359706
110,526 SF 14.09 ac lot Built 1991
Last sale Aug 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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495 Summit Dr, Waterford, MI 48328 For Lease
Contact for pricing 110,000 SF available
495 Summit Dr, Waterford, MI 48328
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Property summary

AI-generated overview

Retail/commercial space located at 495 Summit Dr, Waterford, Michigan 48328. The property is configured for commercial real estate use, suitable for retail and other neighborhood-oriented commercial activities.

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?
$77k
Tax billed · 2023
Assessed value · 2024$1.96M
Effective rate3.93%

Value estimate

· Oct 2026
$4.89M
$4.40M – $5.37M
Submarket $/SF estimate$4.88M
NOI build-up
Gross scheduled income$1.85M
Vacancy & credit loss−$157k
Operating expenses−$507k
NOI · 6,575,800.00% cap applied$1.18M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$77/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$31 – $106

Cap rate analysis

How does the asset earn?
6,575,800.00%
$1.18M 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 agency35.5
Building Supply27.3
Wholesale Shop24.8

Location

495 Summit Dr Waterford, MI 48328
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3225 Huron, Waterford, MI 48328-3638 $675,000 Sep 2024 12,711 SF
2240 Scott Lk, Waterford, MI 48328-1663 $2,000,000 Oct 2023 78,517 SF
2595 Williams, Waterford, MI 48328-1869 $250,000 Sep 2021 8,370 SF
2455 Elizabeth Lk, Waterford, MI 48328-3322 $365,000 Mar 2021 37,234 SF
1179 Sylvertis, Waterford, MI 48328-2042 $225,000 Aug 2020 68,730 SF
2850 Alliance, Waterford, MI 48328-1847 $1,250,000 Apr 2019 23,100 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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