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Property profile & analytics
OFF-MARKET
Estimated value
$4,295,000
Strip malls
7071 Dixie Hwy 7153, Clarkston, MI 48346-2013
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-1799650
Property summary
AI-generated overview
White Lake Commons, located at 7071 Dixie Hwy in Clarkston, Michigan (48346), presents a prime retail investment opportunity. This established strip center boasts a total of 151,201 square feet across 27 single-story buildings, situated at the high-traffic intersection of Dixie Highway and White Lake Road. The property, built in 1990 and zoned C-2, offers multiple tenancy options with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 19,605 square feet. Currently, there are 52,544 square feet of vacant space available, providing significant potential for new tenants. The center benefits from a strong anchor tenant, Nieman's Family Market, and other established businesses including Domino's Pizza, The UPS Store, and Athletico Physical Therapy. Its prime location generates high traffic volumes exceeding 50,000 vehicles daily, ensuring excellent visibility and customer access. The property's APN is 08-29-351-020, and it's located in Oakland County. This is an exceptional opportunity to acquire a well-positioned retail center in a thriving Michigan community.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Total area
151,736 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
C-2
APN
J -08-29-351-020
UPID
US43-1799650
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
$3.67M
Blend (final)
Blend
$4.30M
Owner & transaction history
White Lake Commons LLC · 8 yrs held
White Lake Commons LLC
since 2018
3 recorded transactions
Zoning & alternative use
C-2 · Clarkston, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Clarkston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clarkston 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
Blend value · Realmo final
$4.30M
Range $3.87M – $4.72M · ±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
$28 / 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
$148,019
Tax year 2023
Assessed value
$3,549,900
Assessed 2024
Previous assessed
$3,381,700
+5.0% YoY
Effective rate
4.17%
On assessed value
Assessed land
$1,043,800
Assessed improvement
$2,506,100
Land market value
$2,087,600
Improvement market value
$5,012,200
Total market value
$7,099,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Heating
FORCED AIR
Stories
1
Total area
151,736 SF
Lot
26.03 ac (1,133,867 SF)
Zoning code
C-2
APN
J -08-29-351-020
UPID
US43-1799650
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Clarkston, MI
Zoning C-2 · permitted uses
C-2 · Clarkston, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clarkston. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
FORCED AIR
Stories
1
Lot
26.03 ac
Current owner
From public records · entity-resolved
White Lake Commons LLC
Entity
Mailing address
5550 HAMPSHIRE DR, WEST BLOOMFIELD, MI 48322-1129
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
White Lake Commons LLC
—
Deed
related
$7,715,216 · Michigan Business Connection LLC
Jul 17, 2019
—
White Lake Commons LLC
—
Grant Deed
related
$11,000,000 · Michigan Schools & Gov't Cu
Jun 29, 2018
—
White Lake Commons LLC
Kimco White Lake 667 INC
Quit Claim Deed
$6,075,000 · Michigan Schools & Gov't Cu
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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