Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    V/L Highland Road White Lake, MI 48383

    View on Map
    For Sale
    $999,900

    Vacant Land - White Lake, MI

    Lot size:
    10.00 Acres
    Added:
    Nov 5, 2025
    Days on Market:
    147
    Last Refresh:
    Apr 1 at 3:06 pm

    Property Features for V/L Highland Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Commercial,Residential
    Standard status
    Active
    APN
    1221252014
    Lot size
    10.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1618.73

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Thomas Wilhelm
    Thomas Wilhelm

    Listing agent Thomas Wilhelm

    Listing office Wilhelm & Associates 6485 Dixie, Clarkston, MI

    Listing date Nov 5, 2025

    MLS# 20251051757 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.

    Overview

    Prime Land on M-59

    This property features 10 acres of land across two parcels. It is located on Highland Road (M-59) and offers 330 feet of frontage and a depth of 1,334 feet. The site is suitable for retail or commercial development. Sewer, water, and sandy ground are available. A new retail building has been constructed on the adjacent lot. Note that the existing house on the property needs to be removed. The zoning is commercial and residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    White Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5346
    Latitude
    42.6546

    Nearby Similar for Sale

    • $549,900

      White Lake Vacant Land Parcel

      6.46-acre wooded parcel near multiple lakes in White Lake.
      9915 Highland, White Lake, MI 48383
      View Details
    • $489,900
      6,300 SF

      White Lake Commercial Buildings For Sale

      Two buildings with office and warehouse space in White Lake.
      9440 ELIZABETH LAKE Road, White Lake, MI 48386
      View Details
    • $244,900

      Cedar Island Lake Vacant Land

      Vacant .26-acre lot with 59' lake frontage.
      0000 Burgess Drive, White Lake, MI 48386
      View Details
    • $459,900
      6,300 SF

      Flex Space with Warehouse

      Two buildings with office and warehouse space for sale.
      9440 ELIZABETH LAKE Road, White Lake Charter Township, MI 48386
      View Details
    • $199,900

      9.82 Acres Vacant Land

      9.82 acres of land for building a dream home.
      00 Hitchcock Road, White Lake, MI 48383
      View Details
    • $199,900

      9.82 Acres Vacant Land

      9.82 acres of rolling terrain with trees and wetlands.
      01 Hitchcock Road, White Lake, MI 48383
      View Details
    • $119,900

      Residential Land in White Lake

      Vacant lot ready for custom home in White Lake.
      4640 Melanie Lane, White Lake, MI 48383
      View Details
    • $499,900
      1,800 SF

      White Lake Commercial Land For Sale

      2.45 acres with frontage on Highland Rd (M-59).
      9669 Highland Road, White Lake, MI 48386
      View Details
    • $3,400,000
      11,400 SF

      White Lake Investment Property For Sale

      11,400 SF White Lake investment property built in 2020.
      7755 Highland Rd, White Lake, MI
      View Details
    • $499,900
      1,800 SF

      2.5 Acres on Highland Road

      2.5 acres of commercial land with road frontage.
      9669 Highland Road, White Lake Charter Township, MI 48386
      View Details
    • $320,000
      1,900 SF

      Commercial Property in White Lake

      Commercial property for sale in White Lake, Michigan.
      3 Union Lake Road, White Lake, MI 48386
      View Details
    • $90,000

      Waterfront Land on Lake Neva

      Residential land with 80' frontage on Lake Neva.
      982 Artdale Drive, White Lake, MI 48383
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10 acres of commercial/residential land on Highland Road.
    Where is this commercial land located?
    The property is located at V/L Highland Road White Lake, MI.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: Prime commercial/retail location on M‑59/Highland Road.; 10 acres total with two parcel IDs.; **330 feet of frontage on M‑59.**
    (248) 625-9500
    We can help!
    Listing Contact
    Thomas Wilhelm
    Thomas Wilhelm
    Real Estate License ID: 6501196948
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!