5302 Highland Rd, Waterford, MI
Fully occupied retail center with high visibility on M-59.
- Added:
- Oct 23, 2025
- Days on Market:
- 235
- Last Refresh:
- May 20 at 9:29 pm
Property Features for 5302 Highland Rd
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.36 Acres
- Property subtype
- RETAIL
Listing agent Harrison Yaldoo License #6501410787 (248) 353-0500
Listing office NAI Farbman - Corporate (248) 353-0500
Listing date Oct 23, 2025
Source Moodyscre
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 NAI Farbman - Corporate
HighLights
- 100% occupied, providing immediate income.
- High visibility with 37,000 vehicles per day on M‑59.
- Zoned C‑3.
- 12,000 SF center.
- Features 9 units.
Overview
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 | $201.6k | $16.80 |
| − Vacancy | −$17.1k | −$1.43 |
| EGI | $184.5k | $15.37 |
| − OpEx | −$55.3k | −$4.61 |
| NOI | $129.1k | $10.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3927
- Latitude
- 42.6614
