Clear Span Flex and
4359 Highland Rd Waterford, MI 48328
4359 Highland Rd, Waterford, MI, 48328
$1,099,900
For Sale
$1,099,900
Clear span building with 12' ceilings, air conditioning, one overhead door, and parking for 40+ vehicles.
Property Size8,836 SF
Lot Size1.37 Acres
Price / SF$124.48
Days on Market75
Property Features for 4359 Highland Rd
General Information
- Standard status
- Active
- Size
- 8,836 SF
- Lot size
- 1.37 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1991
Listing agency
Keller Williams Professionals
(248) 762-9186
Listed by
Sean Konja · License #6501317808
(248) 762-9186
Source
Elliman
Added: May 9 Updated: Jul 22 at 10:04AM Checked: Jul 22 at 10:04AM
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 Keller Williams Professionals
Investment Insights
Based on property information with market context.
This clear span flex and warehouse facility offers 8,836 square feet on 1.37 acres, built in 1991. The interior layout supports flexibility, including the potential to configure the space into two separate units. Construction includes block masonry with Styrofoam wall insulation, and the building features air conditioning and two bathrooms. Operational access includes one 12' x 12' overhead door, and the site is served by a parking lot with 40+ spaces.
The property is located on the west side of Highland Road, just south of Pontiac Lake Road, and is described as having excellent visibility with an average daily traffic count of 34,770.
Zoned C-3, the site is positioned for a wide range of uses, with restrictions noted in the remarks: no outdoor sales, no patio or drive-thru for restaurants. Eligible uses listed include retail and shopping centers, personal and commercial services, daycare, dry cleaning, medical and office space, restaurants, entertainment and rental establishments, theaters, hotels, fitness and recreation facilities, and resale shops.
The property is located on the west side of Highland Road, just south of Pontiac Lake Road, and is described as having excellent visibility with an average daily traffic count of 34,770.
Zoned C-3, the site is positioned for a wide range of uses, with restrictions noted in the remarks: no outdoor sales, no patio or drive-thru for restaurants. Eligible uses listed include retail and shopping centers, personal and commercial services, daycare, dry cleaning, medical and office space, restaurants, entertainment and rental establishments, theaters, hotels, fitness and recreation facilities, and resale shops.
Key Highlights
- 8,836 SF clear span commercial building on 1.37 acres, built in 1991
- 12.6‑foot ceilings with a flexible layout; can be configured into two separate units
- Air conditioning plus one 12' x 12' overhead door
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.4k | $16.80 |
| − Vacancy | −$12.6k | −$1.43 |
| EGI | $135.8k | $15.37 |
| − OpEx | −$40.7k | −$4.61 |
| NOI | $95.1k | $10.76 |
8,836 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $95,079 @ 7.0% cap · market cap 8.64%
Second Best
Flex RnD
$1.31M
$1.14M – $1.52M
NOI $91,389 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.22M
NOI $133,409 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Clear span building with 12' ceilings, air conditioning, one overhead door, and parking for 40+ vehicles.
Where is this flex space located?
The property is located at 4359 Highland Rd Waterford, MI.
What is the asking price?
The asking price for this property is $1,099,900.
What are key features of this property?
This property features: 8,836 SF clear span commercial building on 1.37 acres, built in 1991; 12.6‑foot ceilings with a flexible layout; can be configured into two separate units; Air conditioning plus one 12' x 12' overhead door
