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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
4977 Dixie Hwy, Waterford, MI 48329-1709
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-3597038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
6,000 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BI
APN
W -13-04-477-011
UPID
US43-3597038
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
$523k
Blend (final)
Blend
$525k
Owner & transaction history
Investco Of Michigan LLC · 14 yrs held
Investco Of Michigan LLC
since 2012
7 recorded transactions
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$615,000
Current use
AUTO REPAIR, GARAGE
$580,000
Change: -5% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: -9% · Conversion: Moderate
OFFICE BUILDING
$525,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$88 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$7,718
Tax year 2023
Assessed value
$214,670
Assessed 2024
Previous assessed
$193,900
+10.7% YoY
Effective rate
3.60%
On assessed value
Total market value
$429,340
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,000 SF
Lot
0.5 ac (21,780 SF)
Zoning code
BI
APN
W -13-04-477-011
UPID
US43-3597038
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
RETAIL STORES Current
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
OFFICE BUILDING
Est. value
$525,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1975
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Investco Of Michigan LLC
Entity
Free & Clear · 14 yrs held
Mailing address
4459 PONTIAC LK RD, WATERFORD, MI 48328-2014
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2012
—
Investco Of Michigan LLC
Hre Waterford LLC
Warranty Deed
—
Nov 29, 2007
—
Hre Waterford LLC
Mattress Distributors INC
Warranty Deed
—
Nov 8, 2007
$409,304
Hre Waterford LLC
Bayview Loan Servicing LLC
Grant Deed
—
Jun 29, 2007
—
Ib Property Holdings LLC
Bayview Loan Servicing LLC
Quit Claim Deed
related
—
Jun 5, 2007
$399,719
Bayview Loan Servicing LLC
Sheriff Of Oakland County
Trustees Deed
related
—
Sep 13, 2005
$530,000
Mattress Distributors INC
Evola Music Center INC
Warranty Deed
—
Aug 22, 2005
$47,501
Mattress Distributors INC
Nihranz,carl W JR & Roberta D
Warranty Deed
$352,000 · Interbay Funding LLC
May 4, 2004
$47,501
C Nihranz JR.
Krass Property Mgmt
Trustees Deed
—
Jul 8, 2003
—
Mattress Distributors INC
Krass Property Mgmt Co LLC
Grant Deed
related
—
Apr 30, 1998
—
Krass Property Management Co
Evola Music Center INC
Grant Deed
related
—
—
—
Krass Property Management Co
—
Deed Of Trust
related
$44,800 · Carl Nihranz
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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