Financial
Distress signals
Property profile

5500 Cooley Lake Rd Waterford, MI 48327

FOR SALE
Super regional malls
Property ID
US43-1159402
11,097 SF 1.25 ac lot Built 1977
Last sale Apr 1998 · $610,000
Trust Owned Owner of record is a trust. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 1,200-square-foot inline retail or office space located within Lakeview Plaza on Cooley Lake Road at Cass Elizabeth Road in the lakes area of Oakland County. The space is positioned in a shopping center setting with access from a lighted intersection, ample on-site parking, and pylon signage for visibility. The unit is configured to support retail, restaurant, or office use, and the development is served by car-oriented access as indicated by a walk score of 14, with somewhat bikeable conditions as indicated by a bike score of 21.

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.

Mortgages

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?
$20k
Tax billed · 2023
Assessed value · 2024$428k
Effective rate4.67%

Value estimate

· Sep 2026
$420k
$378k – $462k
Submarket $/SF estimate$897k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$2k
Operating expenses−$1k
NOI · 20,655.00% cap applied$4k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$93/SF
County average, outlier-cleaned · 52 recorded sales of this use type
Observed band · Q1–Q3$56 – $139
Qualifying comparables4

Cap rate analysis

How does the asset earn?
20,655.00%
$4k 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 agency32.7
Restaurant27.4
Dental Office24.0

Location

5500 Cooley Lake Rd Waterford, MI 48327
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5798 Highland, Waterford, MI 48327-1826 $2,017,500 May 2024 14,530 SF
7920 Cooley Lk, Waterford, MI 48327-4184 $870,000 Feb 2022 19,445 SF
5302 Highland, Waterford, MI 48327-1918 $1,280,000 Jan 2022 12,457 SF
6890 Cooley Lk, Waterford, MI 48327-4109 $225,000 Nov 2019 4,016 SF
66 Williams Lk, Waterford, MI 48327-3672 $475,000 Aug 2019 8,216 SF
6640 Cooley Lk, Waterford, MI 48327-4205 $800,000 Mar 2019 7,010 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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