Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1307 Enterprise Dr Highland, MI 48357

    View on Map
    Sponsored
    For Lease
    $62,333

    Real Estate Only - Highland, MI

    Property size:
    68,000 SF
    Days on Market:
    77
    Last Refresh:
    Mar 10 at 10:06 am

    Property Features for 1307 Enterprise Dr

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Light Industrial
    APN
    1121201007
    Size
    68,000 SF

    Building Details

    Year built
    2026
    Floors in Building
    1
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Donna M Charlick
    Donna M Charlick

    RE/MAX Classic (248) 737-6800

    Listing agent Donna M Charlick (248) 684-6655

    Listing date Dec 23, 2025

    MLS# 20251024506 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Construction Industrial Space Available

    Located in the Oakland Business Center in Highland Township, Michigan, this new construction offers industrial-zoned space. The property is situated approximately one-third west of the Milford Road and M-59 intersection, behind The Lift Restaurant and STS Athletic Complex. Pre-leasing is underway for 5,000-square-foot unit sections. Units can be multiplied in 5,000-square-foot sections, with multiple units able to run end-to-end or next to each other, up to a total of 68,000 square feet available. Each unit measures 50 feet wide by 100 feet deep. The property features heavy fire suppression with interior sprinklers, energy-efficient spray foam insulation, and a private thermostat. Electrical service includes 3-phase 200 amp. Each unit includes a standard bathroom with a sink and toilet, auto ON/OFF exterior lights, and high-efficiency LED lighting. Overhead radiant tube heating is installed, along with a 14-foot wide by 14-inch high overhead door with an adjacent pass door. The construction is clear span steel. Tenant is responsible for gas and electric usage. The estimated completion and availability is Summer 2026.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Accounting Firm HVAC Service Computer & Electronic Repair Tech Support Center Electrical Service Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Look Self Storage - Highland, Storage Rentals of America, EZ Storage Space

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    State
    Michigan
    Longitude
    -83.6457
    Latitude
    42.6632

    Nearby Similar for Lease

    • $1,750 /Mo
      1,400 SF

      Highland Retail or Office Space

      1400 SF retail or office space available for lease.
      1415 S Milford Rd, Highland, MI 48357
      View Details
    • $2,700 /Mo
      15,305 SF

      Highland, MI Flex/Industrial Space

      Flex/industrial space available for lease in Highland, Michigan.
      672 N Milford Rd Rd, Highland, MI 48357
      View Details
    • $4,583 /Mo
      5,000 SF

      New Construction Industrial Flex Space

      Pre-leasing industrial flex space in Oakland Business Center.
      1303 Enterprise Dr, Highland, MI 48357
      View Details
    • $57,600
      3,200 SF

      Highland Retail or Office Space

      3200 SF retail or office space near major highways.
      2114 Milford, Highland, MI 48357
      View Details
    • $13,750 /Mo
      15,000 SF

      New Industrial Space for Lease

      New construction industrial flex space available for lease in Highland.
      1305 Enterprise Dr, Highland, MI 48357
      View Details
    • Contact for pricing
      1,800 SF

      Suburban Office/Medical Space Available

      1,800 SF office/medical space for rent in Highland, MI.
      2725 S Milford Rd, Highland, MI
      View Details
    • Contact for pricing
      260 SF

      Professional Office Space For Rent

      Professional office space near downtown Milford and M-59.
      1641 S Milford Rd, Highland, MI
      View Details
    • Contact for pricing
      3,200 SF

      Retail/Office Space Near Highway

      3200 SF retail/office space near M-59 and I-96.
      2114 S Milford Rd, Highland, MI
      View Details
    • Contact for pricing
      50,627 SF

      Highland Industrial Buildings For Lease

      Two industrial buildings totaling 50,672 SF with office space.
      1704 E Highland Rd, Highland, MI
      View Details

    FAQs

    What type of property is this?
    Warehouse - Pre-leasing industrial units in Oakland Business Center, Highland, MI.
    Where is this warehouse located?
    The property is located at 1307 Enterprise Dr Highland, MI.
    What is the lease rate?
    The lease rate is $62,333.
    What are key features of this property?
    This property features: - New construction industrial space available in Summer 2026.; - Flexible unit sizes: 5000 sq ft sections, expandable up to 68,000 sq ft.; - Convenient location: Highland Twp, near Milford Rd/M-59 intersection.
    (248) 684-6655
    Request Owner's contact information
    1307 Enterprise Dr Highland, MI 48357
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1307 Enterprise Dr
    Highland, MI 48357
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1307 Enterprise Dr Highland, MI 48357
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Donna M Charlick
    Donna M Charlick
    Real Estate License ID: 6501264617
    (248) 684-6655 (248) 535-3818
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!