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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
Location
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
since 2021
4 recorded transactions
Zoning & alternative use
BI · Waterford, MI
Top alternative use upside
Retail stores
$4.3M
+9.8%
Auto repair, garage
$4.1M
+4.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.68M
Value range
$2.41M – $2.95M
±10% around blend
Estimated value / SF
$63 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$2.41M
blend $2.68M
$2.95M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
42,512 SF
Lot area
4.19 ac
Year built
1988
Stories
1
APN
W -13-04-401-002
Zoning
BI
Assessed value
$1,712,250
Annual tax
$70,000
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$70,000
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.59M
Range $2.38M – $5.90M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 52 sales
$93
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $63/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+10%
vs current-use indication
Auto Repair, Garage
Neighborhood: Shopping Center · current use
Office Building
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.91M
Move the market yield to see immediate price impact.
Value / SF
$115
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$309k
$6.18M
$4.42M
$3.44M
$344k
$6.87M
$4.91M
$3.82M
$378k
$7.56M
$5.40M
$4.20M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, MIZoning BI · permitted uses
BI · Waterford, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Waterford, MI
Recorded code
BI
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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