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    5111-5159 Highland Rd Waterford, MI 48327

    For Lease
    Contact for pricing

    Retail space for lease in Kroger-anchored shopping center.

    Property size:
    2,603 SF
    Lot size:
    2.51 Acres

    Property Features for 5111-5159 Highland Rd

    General Information

    Size
    2,603 SF
    Lot size
    2.51 Acres

    Source: NAI Farbman - Corporate Agent Carrie Weiss

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

    Overview

    Retail Space in Kroger-Anchored Center

    This retail space, totaling 2,603 square feet, is located within a Kroger-anchored shopping center. The center features national co-tenants including Kroger, Starbucks, GNC, The UPS Store, and Supercuts. The property benefits from high foot traffic and excellent traffic counts, along with strong demographics. Multiple curb cuts provide accessibility, and signage opportunities are available. Ample parking is provided for customers and tenants. An end cap opportunity is available.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3878833
    Latitude
    42.6598216

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    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in Kroger-anchored shopping center.
    Where is this strip mall located?
    The property is located at 5111-5159 Highland Rd Waterford, MI.
    What are key features of this property?
    This property features: - Kroger-anchored center with national co-tenancy including Starbucks and The UPS Store.; - High foot traffic and excellent traffic counts.; - Strong demographics.
    (248) 351-6328
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    5111-5159 Highland Rd Waterford, MI 48327
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    Realmo Value Estimation

    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.

    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.

    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
    5111-5159 Highland Rd Waterford, MI 48327
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