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    6555 Sashabaw Rd Clarkston, MI 48346-2265
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    Property profile & analytics

    6555 Sashabaw Rd Clarkston, MI 48346-2265

    View on Map
    • Outlet malls
    • 40,215 SF
    • 4.76 lot acres
    Off-Market
    Property ID
    US43-1324898
    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.
    Value Estimations
    $3,310,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 6555 Sashabaw Rd

    Year built
    1990
    Lot size
    4.76 lot acres
    Property size
    40,215 SF
    Zone code
    C-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    J -08-27-100-044
    APU
    J0827100044

    Description

    This exceptional retail opportunity is located within the Independence Town Center, a thriving shopping center in Independence Charter Township, Michigan. The property boasts a total of 150,000 square feet of retail space, currently featuring multiple tenants. A prime 1,520 square foot space is immediately available for lease, presenting a fantastic chance for expansion or a new business venture. The center enjoys ample parking, ensuring convenient access for customers. Situated at 6555 Sashabaw Rd, Independence Charter Township, MI 48346, this location benefits from high visibility and strong foot traffic within a bustling commercial area of Oakland County. The property's convenient location and ample parking make it an ideal space for a variety of retail businesses. The available space is ready for immediate occupancy, offering a turnkey solution for businesses seeking a well-established location in a thriving community. This is a rare opportunity to secure a space in a successful shopping center with excellent visibility and accessibility. Don't miss out on this chance to establish your business in a prime Oakland County location. Contact us today to schedule a viewing and learn more about this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,736,000
      Market price range: $3.16M - $10.6M
      AI Estimate
      $2,148,000
      Market price range: $1.54M - $5.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3809
    Latitude
    42.7331
    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
    $41,642
    $523,000
    $943,900
    $1,466,900
    -
    $1,046,000
    $1,887,800
    $2,933,800

    Comparable in this City

    • Value Estimation
      $770,000
      14,700 SF

      6605 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 14,700 SF
      6605 Dixie Hwy, Clarkston, MI 48346-3422
      View Details
    • Value Estimation
      $570,000
      4,750 SF

      7200 Dixie Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 4,750 SF
      7200 Dixie Hwy, Clarkston, MI 48346-2016
      View Details
    • Value Estimation
      $6,005,000
      62,944 SF

      6365 Sashabaw Rd, Unit 6545

      SHOPPING CENTER, STRIP CENTER • 62,944 SF
      6365 Sashabaw Rd, Clarkston, MI 48346-2261
      View Details
    • Value Estimation
      $1,555,000
      30,082 SF

      5785 Main St, Unit 5811

      SHOPPING CENTER, STRIP CENTER • 30,082 SF
      5785 Main St, Clarkston, MI 48346
      View Details
    • Value Estimation by Request
      7,134 SF

      6525 Dixie Hwy

      SHOPPING CENTER, STRIP CENTER • 7,134 SF
      6525 Dixie Hwy, Clarkston, MI 48346-3499
      View Details
    • Value Estimation
      $2,190,000
      21,634 SF

      7010 Gtwy Park Dr, Unit 7080

      SHOPPING CENTER, STRIP CENTER • 21,634 SF
      7010 Gtwy Park Dr, Clarkston, MI 48346-2574
      View Details

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    • Contact for pricing

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      Commercial Land with Dixie Highway Frontage

      6.44 acres of commercial land in Clarkston, Michigan.
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      Main Street Retail Space Available

      Retail space for lease on Main Street in Clarkston, MI.
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    • $1,100 /Mo
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      Clarkston Commercial Space For Lease

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      5,000 SF

      Clarkston Retail Space For Lease

      Retail space available for lease in Clarkston, Michigan.
      5875-5911 Dixie Hwy, Clarkston, MI 48346
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      Clarkston Commercial Property For Rent

      Commercial property available for rent in Clarkston, Michigan.
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    Clarkston, MI 48346-2265
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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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