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    5720 Highland Rd Waterford, MI 48327

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    For Sale
    $1,175,000

    Fully occupied retail center on Highland Rd in Waterford, Michigan.

    Property size:
    9,218 SF
    Lot size:
    0.63 Acres

    Property Features for 5720 Highland Rd

    General Information

    Size
    9,218 SF
    Lot size
    0.63 Acres

    Source: Iconic Real Estate Agent Jacob Sworski

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

    Overview

    Waterford Retail Center For Sale

    This fully occupied neighborhood retail center is located on busy Highland Rd. in Waterford, Michigan. The property features a pylon sign for tenant exposure, a new facade and awnings, and a recapped parking lot. The rentable area totals 9,218 square feet, divided into 6 suites, situated on a 0.63-acre lot. The property is surrounded by major retailers, including McDonalds, Starbucks, Jimmy Johns, Buffalo Wild Wings, and CVS.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3999996
    Latitude
    42.6604812

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    FAQs

    What type of property is this?
    Strip mall - Fully occupied retail center on Highland Rd in Waterford, Michigan.
    Where is this strip mall located?
    The property is located at 5720 Highland Rd Waterford, MI.
    What is the asking price?
    The asking price for this property is $1,175,000.
    What are key features of this property?
    This property features: - 100% occupied retail center; - Below market rents; - High-traffic location on Highland Rd.
    (313) 603-4266
    Request Owner's contact information
    5720 Highland Rd Waterford, MI 48327
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    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
    5720 Highland Rd Waterford, MI 48327
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