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    Property profile & analytics

    998 Cres Lk Rd Waterford, MI 48327-2594

    • Medical offices
    • 2,214 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 13, 2024
    Location Intelligence
    Property ID
    US43-1526634
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 998 Cres Lk Rd

    Year built
    1988
    Lot size
    0.30 lot acres
    Property size
    2,214 SF
    Zone code
    BI
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    W -13-22-301-001
    APU
    W1322301001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3854
    Latitude
    42.6528
    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
    $7,549
    $0.00
    $0.00
    $151,920
    -
    $0.00
    $0.00
    $303,840

    Comparable in this City

    • Value Estimation by Request
      26,581 SF

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      1,844 SF

      5616 Highland Rd

      MEDICAL BUILDING • 1,844 SF
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    • Value Estimation by Request
      4,933 SF

      1435 Airport Rd

      MEDICAL BUILDING • 4,933 SF
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      1,627 SF

      4930 Elizabeth Lk Rd

      MEDICAL BUILDING • 1,627 SF
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    • Value Estimation by Request
      3,736 SF

      5270 Highland Rd

      DENTAL BUILDING • 3,736 SF
      5270 Highland Rd, Waterford, MI 48327-1913
      View Details
    • Value Estimation by Request
      2,697 SF

      5624 Highland Rd

      MEDICAL BUILDING • 2,697 SF
      5624 Highland Rd, Waterford, MI 48327-1926
      View Details

    Similar Nearby for Sale

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      Waterford Office Building on M-59

      Office building with frontage on M-59 in Waterford, MI.
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      Waterford Office Building For Sale

      Well-maintained office building on Highland Road, ideal for owner-user.
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    • $1,000,000
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      1.43 Acres, High Traffic, C2 Zoning
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    Similar Nearby for Lease

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      Office space with high visibility on M-59 in Waterford.
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    • $16 SF/Yr
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      Waterford Office Building For Lease

      Prime Waterford office space, furnished suites available.
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    • Contact for pricing
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      Waterford Office Sublease Opportunity

      995 SF office space available for sublease in Waterford.
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    • $550 /Mo
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      Waterford Office Space For Rent

      Office space for rent with utilities included and 24/7 access.
      6695 Highland Rd, Waterford, MI 48327
      View Details
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    Waterford, MI 48327-2594
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    Realmo Value Estimation

    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.

    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.

    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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