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    5420 Highland Rd Waterford, MI 48327

    Picture of Auto shops at Highland Rd 5420, Waterford, MI
    Under Contract
    For Lease
    $2,300 /Mo ($16 SF/Yr)

    Real Estate Only - Waterford, MI

    Property size:
    1,668 SF
    Lot size:
    0.25 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 14 at 8:06 am

    Property Features for 5420 Highland Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Commercial
    APN
    1316380019
    Size
    1,668 SF
    Lot size
    0.25 Acres

    Building Details

    Year built
    1957
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    M77 LLC (248) 649-7200 [email protected]

    Listing agent Joshua Hepner (248) 649-7200

    Listing date Nov 8, 2025

    MLS# 20250025349 Listing URL

    Copyright © 2025 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.

    Overview

    Waterford Commercial Building For Lease

    This commercial building, situated in Waterford, Michigan, offers a leasing opportunity suitable for various automotive-related businesses. The property is located on Highland Road, benefiting from high traffic and visibility. The building features two 10-foot overhead garage doors, making it suitable for a mechanic, auto detailing, or auto accessories business. The property includes a parking lot with space for 10 vehicles. The building has a size of 1668 square feet and is located on a 0.25-acre lot. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Ford Service, Ford Parts, Suburban Ford of Waterford, LLC Collision, Suburban Ford of Waterford, LLC Service, Quick Lane at Suburban Ford of Waterford

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3964207
    Latitude
    42.6604754

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    FAQs

    What type of property is this?
    Auto shop - Commercial building for lease with high visibility and garage doors.
    Where is this auto shop located?
    The property is located at 5420 Highland Rd Waterford, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on high-traffic Highland Road; - Ideal for mechanic, auto detailing, or auto accessories business; - Features two 10' overhead garage doors
    (248) 649-7200
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    5420 Highland Rd Waterford, MI 48327
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    Waterford, MI 48327
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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
    5420 Highland Rd Waterford, MI 48327
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