5685 Highland Road Waterford, MI 48327
COMMERCIAL - Waterford, MI
Property Features for 5685 Highland Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 13-21-127-001
- Size
- 3,714 SF
- Lot size
- 0.48 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T3N, R9E, SEC 21 HIGHLAND ESTATES SUB LOT 16
- Tax Annual Amount
- 4348
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
Building Details
- Year built
- 1958
- Floors in Building
- 1
- Number of units
- 4
Listing agent Tjader Gerdom License #6502357230 (248) 515-7606
Listing office GRI Homes for Today 640 Griswold Ste 100, Northville, MI (248) 234-6789
Listing date Jun 25, 2025
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Located on Highland Road (M‑59) with great visibility and large pylon signage.
- Less than a half mile from Oakland County International Airport.
- Ideal for owner‑user or investor.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.3k | $6.00 |
| − Vacancy | −$5.2k | −$1.41 |
| EGI | $17.0k | $4.59 |
| − OpEx | −$4.3k | −$1.15 |
| NOI | $12.8k | $3.44 |
