Sign Up Successful!
You now have access to more from Realmo!
    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

    672 N Milford Rd Rd Highland, MI 48357

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

    Real Estate Only - Highland, MI

    Property size:
    15,305 SF
    Lot size:
    1.71 Acres
    Days on Market:
    19
    Last Refresh:
    Feb 1 at 10:06 am

    Property Features for 672 N Milford Rd Rd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial,Light Industrial
    APN
    1122326014
    Exterior features
    Garage
    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

    RE/MAX Classic (248) 737-6800

    Listing agent Travis B Cota (248) 684-6655

    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.

    Learn more

    Overview

    Highland, MI Flex/Industrial Space

    This commercial property in Highland, Michigan, offers 15,305 square feet of flex and industrial space for rent. Situated on a 1.71-acre lot, the property is zoned for commercial and light industrial use. The space features a 12-foot door and is designed to accommodate a variety of uses, including shop and office configurations, with a freespan layout.
    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

    • $1,375 /Mo
      11,000 SF

      Highland Retail Suite For Rent

      Retail suite available for lease in Highland, Michigan.
      1427 Milford Rd S, 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
    • $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
    • $62,333
      68,000 SF

      New Construction Industrial Space Available

      Pre-leasing industrial units in Oakland Business Center, Highland, MI.
      1307 Enterprise Dr, Highland, MI 48357
      View Details
    • $1,750 /Mo
      1,400 SF

      Highland Retail or Office Space

      1400 SF retail or office space available for lease.
      1451 S Milford Rd, 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
    • $18 SF/Yr
      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
    • $16 SF/Yr
      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
    • $24 SF/Yr
      260 SF

      Professional Office Space For Rent

      Professional office space near downtown Milford and M-59.
      1641 S Milford Rd, Highland, MI
      View Details
    • $4 SF/Yr
      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?
    Flex space - Flex/industrial space available for lease in Highland, Michigan.
    Where is this flex space located?
    The property is located at 672 N Milford Rd Rd Highland, MI.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - 12 Foot Door for easy access.; - Freespan design offering versatile layout options.; - Flexible Uses makes it ideal for various business needs.
    (248) 684-6655
    Request Owner's contact information
    672 N Milford Rd Rd 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.
    672 N Milford Rd Rd
    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
    672 N Milford Rd Rd 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
    Travis B Cota
    Real Estate License ID: 253755
    (248) 684-6655
    Learn more
    Google sign-in failed. Please try again or use another login method.