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Property profile & analytics
FOR LEASE
Super regional malls
5300 Dixie Hwy, Waterford, MI 48329
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0426926
For Lease
1 / 5
$12 SF/Yr
5300 Dixie Hwy, Waterford, MI 48329
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Property summary
AI-generated overview
This prime Waterford Township, MI retail center, located at 5300-5360 Dixie Hwy (north of Walton), offers 31,929 square feet of space in a single, one-story building. Built in 1989 and renovated in 2022, this Class B property boasts 17 suites, with three spaces currently available, ranging from 1,200 to 3,294 square feet. The minimum divisible space is 1,200 square feet, while the maximum contiguous space is 4,574 square feet. A total of 11,669 square feet is currently vacant. The property sits on a 4.19-acre lot (APN 1304401002) and features ample parking. Recent upgrades include façade and parking lot improvements. Benefit from high visibility on Dixie Hwy, with over 35,000 vehicles passing daily. Monument signage is available. The property is zoned C-4 and is ideally situated near established businesses such as Jets Pizza, Pet Supplies Plus, and O'Reilly's Auto Parts. This is an excellent opportunity for retailers seeking high-traffic exposure in a thriving Oakland County location. The property's address is 5300 Dixie Hwy, Waterford Twp, MI 48329.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1988
Total area
42,512 SF
Lot
4.19 ac (182,516 SF)
Zoning code
BI
APN
W -13-04-401-002
UPID
US43-0426926
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
$3.59M
Blend (final)
Blend
$2.68M
Owner & transaction history
Waterford Estate LLC · 4 yrs held
Waterford Estate LLC
since 2021
4 recorded transactions
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.3M
+9.8%
Auto repair, garage
$4.1M
+4.0%
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
NEIGHBORHOOD: SHOPPING CENTER
$3,955,000
Current use
RETAIL STORES
$4,345,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,115,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$3,715,000
Change: -6% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,440,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$63 / 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
$70,000
Tax year 2023
Assessed value
$1,712,250
Assessed 2024
Previous assessed
$1,319,420
+29.8% YoY
Effective rate
4.09%
On assessed value
Total market value
$3,424,500
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1988
Heating
YES
Buildings
42
Stories
1
Units
1
Total area
42,512 SF
Lot
4.19 ac (182,516 SF)
Zoning code
BI
APN
W -13-04-401-002
UPID
US43-0426926
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.0M
RETAIL STORES
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1988
Heating
YES
Stories
1
Buildings
42
Units
1
Lot
4.19 ac
Current owner
From public records · entity-resolved
Waterford Estate LLC
Entity
Mailing address
3807 BEECHCREST, ROCHESTER HILLS, MI 48309-3595
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Waterford Estates LLC
—
Deed
related
$630,701 · Community Choice Cu
Nov 24, 2021
—
Waterford Estate LLC
Northway Plaza Associates LLC
Deed
$2,568,750 · Community Choice Cu
Jul 24, 2000
—
Northway Plaza Associates LLC
Northway Plaza Associates
Quit Claim Deed
related
$2,675,000 · Prudential Mortgage Capital Co
—
—
Northway Plaza Associates LLC
—
Deed Of Trust
related
$1,750,000 · Ameritas Life Insurance Corp
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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