7001 Highland Rd White Lake, MI 48383
Retail space available for purchase in White Lake Township.
Property Features for 7001 Highland Rd
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1973
Listing office Friedman Real Estate (248) 848-4124
Listing date May 13, 2024
Source Crexi
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 Friedman Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Established neighborhood built in 1973
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 | $40.3k | $16.80 |
| − Vacancy | −$3.4k | −$1.43 |
| EGI | $36.9k | $15.37 |
| − OpEx | −$11.1k | −$4.61 |
| NOI | $25.8k | $10.76 |
