Retail Property for
For Sale
$5,196,098
10150 Highland Road, White Lake, MI 49441
Retail property offered for sale at 10150 Highland Road, suited for buyers seeking a straightforward retail acquisition.
Property Size19,097 SF
Days on Market101
Property Features for 10150 Highland Road
General Information
Standard status
Active
Size
19,097 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
± 12.25 Years
Net Operating Income
$319,560
Building Details
Building Size
19,097 SF
Year Built
2013
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Chad Kurz · License #01911198 (CA)
(949) 662-2252
Source:
Matthews
Added: Jun 28
Changed: Sep 4
Last Checked: Oct 5 at 3:05PM
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 Matthews Real Estate Investment Services
Investment Insights
Based on property information with market context.
This offering presents a retail property available for sale. The asset is categorized as retail space within a broader commercial real estate listing, providing an ownership opportunity for buyers focused on retail use.
The property is located at 10150 Highland Road in White Lake, Michigan. As provided, no additional building specifics, unit configuration, or on-site improvements were included in the listing information, so prospective buyers should plan to review the site and property details directly to confirm suitability for their intended concept.
From an operator and investor standpoint, the most practical takeaway is that this is a retail-oriented acquisition rather than a flexible-use or office-focused asset. Buyers evaluating the property can use it as a starting point for due diligence around retail tenant requirements, storefront and layout considerations, and any property-level factors that affect leasing or occupancy. For a complete assessment, request available documents and schedule a walkthrough to verify condition, dimensions, and any existing site or building features that are not included in the summary information.
The property is located at 10150 Highland Road in White Lake, Michigan. As provided, no additional building specifics, unit configuration, or on-site improvements were included in the listing information, so prospective buyers should plan to review the site and property details directly to confirm suitability for their intended concept.
From an operator and investor standpoint, the most practical takeaway is that this is a retail-oriented acquisition rather than a flexible-use or office-focused asset. Buyers evaluating the property can use it as a starting point for due diligence around retail tenant requirements, storefront and layout considerations, and any property-level factors that affect leasing or occupancy. For a complete assessment, request available documents and schedule a walkthrough to verify condition, dimensions, and any existing site or building features that are not included in the summary information.
Key Highlights
- Retail property built in 2013
- Offered for sale at 10150 Highland Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,866
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,937,320
$4.9M
Cap Rate 7%
$3,526,657
$3.5M
Cap Rate 9%
$2,742,956
$2.7M
Market Conditions
NOI Build-Up for 19,097 SF
Gross rent
$362.1K $18.96/SF
− Vacancy
−$9.4K −$0.49/SF
EGI
$352.7K $18.47/SF
− OpEx
−$105.8K −$5.54/SF
NOI
$246.9K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,937,320
Cap Rate 7%
$3,526,657
Cap Rate 9%
$2,742,956
Alternative Uses
Best Use
Retail
$3.53M
$3.09M – $4.11M
NOI $246,866 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$179.34M
$156.92M – $209.23M
NOI $12,553,840 @ 7.0% cap · market cap 241.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Explore this area
Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property offered for sale at 10150 Highland Road, suited for buyers seeking a straightforward retail acquisition.
Where is this retail space located?
The property is located at 10150 Highland Road White Lake, MI.
What is the asking price?
The asking price for this property is $5,196,098.
What are key features of this property?
This property features: Retail property built in 2013; Offered for sale at 10150 Highland Road
