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    672 N MILFORD RD Road Highland, MI 48357

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    For Lease
    $2,700/Mo $2 SF/Yr (calc)

    Real Estate Only - Highland, MI

    Property size:
    15,305 SF
    Lot size:
    1.71 Acres
    Added:
    Jan 14, 2026
    Days on Market:
    113
    Last Refresh:
    May 7 at 2:06 am

    Property Features for 672 N MILFORD RD Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial,Light Industrial
    Exterior features
    Garage
    Standard status
    Active
    APN
    1122326014
    Size
    15,305 SF
    Lot size
    1.71 Acres

    Utilities

    Heating system
    Central

    Building Details

    Year built
    2003
    Floors in Building
    1
    Building materials
    Block, Brick
    Roof type
    Asphalt
    Architectural style
    Other
    Additional Structures
    Garage(s)

    We can help!

    Listing Contact
    Travis B Cota

    Listing agent Travis B Cota

    Listing office RE/MAX Classic 800 N Milford Rd Ste 100, Farmington Hills, MI

    Listing date Jan 14, 2026

    MLS# 20261002814 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.

    HighLights

    • Great location with versatile zoning permitting light industrial, office, and retail uses.
    • Free span construction with movable walls allows for flexible space configuration.
    • Includes both office/showroom space and warehouse area.
    • 12‑foot door provides easy access for indoor parking or deliveries.
    • Garage included.
    • Built in 2003 with block and brick construction.

    Overview

    Highland, MI Commercial Space

    This commercial space in Highland, MI, offers versatility for various uses, including light industrial, office, and retail sales, according to the zoning regulations. The property features a free-span layout with movable walls, a small office area, and a carpeted showroom or classroom. A 12-foot door at the rear facilitates indoor parking or deliveries. The property size is 15305 square feet, situated on a 1.71-acre lot. The zoning allows for commercial and light industrial activities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Highland
    County
    State
    Michigan
    Longitude
    -83.6457
    Latitude
    42.6632

    Nearby Similar for Lease

    • $57,600 SF/Yr

      Highland Retail or Office Space

      3200 SF retail or office space near major highways.
      2114 Milford, Highland, MI 48357
      View Details
    • $4,583/Mo

      New Construction Industrial Flex Space

      Pre-leasing industrial flex space in Oakland Business Center.
      1303 Enterprise Drive, Highland, MI 48357
      View Details
    • $13,750/Mo

      New Industrial Space for Lease

      New construction industrial flex space available for lease in Highland.
      1305 Enterprise Drive, Highland, MI 48357
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    • $1,750/Mo

      Highland Retail or Office Space

      1400 SF retail or office space available for lease.
      1415 S MILFORD Road, Highland, MI 48357
      View Details
    • $62,333 SF/Yr

      New Construction Industrial Space Available

      Pre-leasing industrial units in Oakland Business Center, Highland, MI.
      1307 Enterprise Drive, Highland, MI 48357
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile commercial space suitable for light industrial, office, or retail.
    Where is this flex space located?
    The property is located at 672 N MILFORD RD Road Highland, MI.
    What is the lease rate?
    The lease rate is $2,700 /Mo.
    What are key features of this property?
    This property features: Great location with versatile zoning permitting light industrial, office, and retail uses.; Free span construction with movable walls allows for flexible space configuration.; Includes both office/showroom space and warehouse area.
    (248) 684-6655
    We can help!
    Listing Contact
    Travis B Cota
    Real Estate License ID: 253755
    Learn More
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    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
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