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    Property profile & analytics

    5225 Williams Lk Rd Waterford, MI 48329-3557

    • Industrial properties
    • 27,666 SF
    • 3.26 lot acres
    OFF-MARKET
    Value Estimations
    $2,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1053016
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 5225 Williams Lk Rd

    Year built
    1993
    Lot size
    3.26 lot acres
    Property size
    27,666 SF
    Zone code
    II
    Property type
    Industrial properties
    APN
    W -13-09-226-017
    APU
    W1309226017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,964,000
      Market price range: $1.47M - $2.96M
      AI Estimate
      $1,861,000
      Market price range: $648k - $2.23M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,240,000
      Current use
      RETAIL STORES
      $2,830,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,680,000
      Change: +20% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,575,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $2,415,000
      Change: +8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3907
    Latitude
    42.6885
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,272
    $0.00
    $0.00
    $1,088,280
    -
    $0.00
    $0.00
    $2,176,560

    Comparable in this City

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      6,080 SF

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    • Value Estimation by Request
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      3266 Warren Dr

      INDUSTRIAL (GENERAL) • 1,908 SF
      3266 Warren Dr, Waterford, MI 48329-3545
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    • Value Estimation by Request
      1,530 SF

      5277 Dixie Hwyc4

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      5277 Dixie Hwyc4, Waterford, MI 48329-1717
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    • Value Estimation by Request
      1,530 SF

      5275 Dixie Hwy Ste B5

      INDUSTRIAL LOFT BUILDING • 1,530 SF
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    • Value Estimation by Request
      1,530 SF

      5277 Dixie Hwyc5

      INDUSTRIAL LOFT BUILDING • 1,530 SF
      5277 Dixie Hwyc5, Waterford, MI 48329-1717
      View Details
    • Value Estimation by Request
      100 SF

      Waterford, MI 48329

      INDUSTRIAL (GENERAL) • 100 SF
      Waterford, MI 48329
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      429,210 SF

      Waterford Warehouse - 429,210 SF

      Modern warehouse, excellent location, high demand.
      5400 Perry Dr, Waterford Township, MI 48329
      View Details
    • New
      $170,000
      1,380 SF

      Remodeled Office Space For Sale

      Remodeled office space with multiple suites available for sale.
      4512 Dixie Hwy, Waterford, MI 48329
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    • $249,900
      0.56 Acres

      Commercial Land in Waterford, MI

      Commercial corner lot with frontage on Walton in Waterford, MI.
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    • $599,000
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      Waterford Retail Building For Sale

      Prime Waterford location, 3,727 sq ft, multiple uses
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      Land Near Lake Oakland

      0.859 acres of residential land near Lake Oakland.
      0000 Celia Dr, Waterford, MI 48329
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    • $849,900
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      Waterfront Lot on Lotus Lake

      Vacant land with 100' waterfrontage on all-sports Lotus Lake.
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    Similar Nearby for Lease

    • $6 SF/Yr
      40,213 SF

      Waterford Township Industrial Space

      Large Industrial Space Available, Multiple Units
      5720-5726 Williams Lk Rd, Waterford Township, MI 48329
      View Details
    • Contact for pricing

      Waterford Flex Space Sublease

      5,400 SF flex space sublease near US-24.
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      View Details
    • Contact for pricing
      429,210 SF

      Waterford Warehouse - 429,210 SF

      Massive Oakland County warehouse, ready for occupancy.
      5400 Perry Dr, Waterford Township, MI 48329
      View Details
    • $11 SF/Yr
      5,400 SF

      Waterford Flex Space Sublease

      5,400 SF flex space sublease near US-24.
      5499 Perry Dr, Waterford, MI 48329
      View Details
    • $12 SF/Yr
      7,000 SF

      Dixie Hwy Executive Office Space

      7,000 SF Office/Retail, High Visibility
      5806 Dixie Hwy, Waterford Township, MI 48329
      View Details
    • $17 SF/Yr
      1,241 SF

      Dixie Hwy Retail Opportunity

      Waterford Retail Space - For Lease/Sale
      4355 Dixie Hwy, Waterford Township, MI 48329
      View Details
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    5225 Williams Lk Rd
    Waterford, MI 48329-3557
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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