Waterford, MI
Commercial Real Estate Market Trends & Data

$166 Avg asking sale price
$14 Avg asking lease rate
5,992 SF Avg unit lease size
25,231 SF Avg building size for sale
7.11% Average cap rate

Waterford's Demographic Profile

Waterford has 30,318 households and a median income of $70,419, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 68,713
# Households 30,318
Median age 44
Median household income $70,419
Avg household size 2.0
Renter-occupied housing units 8,293
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Waterford, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Pontiac $179 127,136 SF 7.00%
Auburn Hills $248 222,505 SF 7.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Waterford $130 77,899 SF 4.67%
White Lake $97 31,000 SF 4.67%
Nearby Retail Markets Avg Cost/SF Typical Size
Waterford $173 9,092 SF
Pontiac $219 7,979 SF
Clarkston $143 5,284 SF
Auburn Hills $306 5,016 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Waterford $119 15,516 SF 10.36%
Pontiac $97 20,918 SF 10.36%

Commercial Properties For Sale in Waterford

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Excalibur Square

Waterford, MI 48327

  • 9,218 SF Retail Building
  • $2,400,000
For Sale

Imperial Express Car Wash - Waterford, MI

Waterford, MI 48328

  • 3,000 SF Specialty
  • $1,500,000
For Sale

Imperial Auto Wash - Elizabeth Lake

Waterford, MI 48328

  • 8,211 SF Specialty
  • $2,700,000
For Sale

Airport Apartments

Waterford, MI 48329

  • 11,500 SF Multifamily
  • 7.71% Cap Rate
  • $2,200,000
For Sale

Prynne 5-Plex

Keego Harbor, MI 48320

  • 3,100 SF Multifamily
  • $450,000
For Sale

Spokane Villas

Pontiac, MI 48341

  • 25,492 SF Multifamily
  • 10.36% Cap Rate
  • $1,900,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Waterford pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Waterford $166 25,231 SF
Lake Angelus $332 1,236 SF
Keego Harbor $150 3,100 SF
Sylvan Lake $184 3,887 SF
Pontiac $221 54,393 SF

Regional Demographic Comparison

This comparison places Waterford alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Waterford or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Waterford 68,713 30,318 44 $70,419 2 8,293 -1%
Lake Angelus 314 133 51 $91,447 2 5 -2%
Keego Harbor 3,002 1,441 41 $63,108 2 586 2%
Sylvan Lake 1,556 781 54 $104,006 2 155 -3%
Pontiac 65,239 25,788 36 $38,304 2 14,542 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Waterford, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Waterford

View All Commercial Real Estate For Sale in Waterford
Is Waterford a good market for a first-time commercial real estate investor?

Waterford offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Waterford?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Waterford. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Waterford?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Waterford. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Waterford compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Waterford. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Waterford acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Waterford, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends