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    Approved Retail Pad Site Title is generated by Realmo AI

    10500-10600 Highland Road, Hartland, MI 48353

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    A retail pad approved for development, positioned at a high-traffic interchange serving an established retail corridor.

    Type:Land, Retail
    Added:
    May 28, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 3 at 2:58 am

    Property Features for 10500-10600 Highland Road

    General Information

    Standard status
    Active
    Property subtype
    Land, Retail

    We can help!

    Listing Contact
    Eric Unatin

    Listing agent Eric Unatin

    Listing office Mid America Real Estate - Michigan Inc

    Listing date May 28, 2026

    Source Cpix.resimplifi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mid America Real Estate - Michigan Inc

    HighLights

    • Retail pad available for sale at Hartland Plaza in Hartland Township
    • Approved for up to 40,000 SF of retail development
    • Positioned at the southeast quadrant of the M‑59 & US‑23 interchange
    • Access from both M‑59 and Blaine Road
    • Anchored by tenants including Planet Fitness, Dairy Queen, Dollar Tree, GNC, Big Chicken, Red Olive, and Sally Beauty
    • Traffic counts at M‑59 & US‑23 exceed 36,000 vpd; 5‑mile population over 32,000

    Overview

    Hartland Plaza offers an available retail pad site approved for up to 40,000 SF, providing a straightforward development opportunity for retailers seeking a flexible footprint. The center is already active with multiple established tenants, offering a proven mix and shopping environment within the plaza.

    The property is situated in the southeast quadrant of the regional highway interchange of M-59 and US-23 in Hartland Township. Traffic counts at M-59 & US-23 exceed 36,000 vehicles per day, supporting strong day-to-day visibility and customer flow. Access is available off both M-59 and Blaine Road, and the surrounding retail landscape includes major big box retailers such as Rural King, Kroger, Meijer, and Target. The population within 5 miles is over 32,000, supporting continued demand for neighborhood and destination retail.

    This offering is well suited for retail concepts that benefit from interchange-adjacent access and co-tenancy within a multi-tenant shopping center. With the pad already approved for up to 40,000 SF, the site can accommodate a range of retail operators looking for a controlled, center-based location in a heavily traveled corridor.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hartland
    County
    Livingston
    State
    Michigan
    Longitude
    -83.745118
    Latitude
    42.633753

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    FAQs

    What type of property is this?
    Commercial land - A retail pad approved for development, positioned at a high-traffic interchange serving an established retail corridor.
    Where is this commercial land located?
    The property is located at 10500-10600 Highland Road Hartland, MI.
    What are key features of this property?
    This property features: Retail pad available for sale at Hartland Plaza in Hartland Township; Approved for up to 40,000 SF of retail development; Positioned at the southeast quadrant of the M‑59 & US‑23 interchange
    (248) 855-6800
    We can help!
    Listing Contact
    Eric Unatin
    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.

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    10500-10600 Highland Road, Hartland, MI 48353
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