5900 Highland Road Waterford, MI 48327
COMMERCIAL - Waterford, MI
Property Features for 5900 Highland Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
- Parking
- 1500
- Standard status
- Active
- APN
- 13-16-352-020
- Size
- 49,434 SF
- Lot size
- 7.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- T3N, R9E, SEC 16 PART OF SW 1/4 BEG AT PT DIST E 233 FT FROM SW SEC COR, TH E 397.75 FT, TH N 00-13-00 E 790 FT, TH...
- Tax Annual Amount
- 64968
Utilities
- Heating system
- Forced Air, Radiant
- Cooling system
- Central Air
Building Details
- Year built
- 1993
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Block, Brick, Metal Siding
- Roof type
- Rubber
Listing agent Jennifer Lasco License #6502402604 (248) 840-6059
Listing office Lasco Real Estate Group 101 N Adelaide, Fenton, MI (810) 433-9556
Listing date Nov 1, 2024
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
- Fully renovated in 2023.
- Large building space: 49,434 square feet.
- Sits on just under 7.5 acres of land.
Local Financial Insights For Industrial
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 | $363.3k | $7.35 |
| − Vacancy | −$13.4k | −$0.27 |
| EGI | $349.9k | $7.08 |
| − OpEx | −$105.0k | −$2.12 |
| NOI | $244.9k | $4.95 |
Alternative Uses
Property Analytics
Current Use by Public Records
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