Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highland Road Retail/Office Site Title is generated by Realmo AI

    7395 Highland Rd, White Lake, MI 48383

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Vacant land on Highland Rd, ready for build to suit.

    Type:Retail, Office, Restaurant
    Added:
    Jun 11, 2020
    Days on Market:
    2178
    Last Refresh:
    May 19 at 8:29 pm

    Property Features for 7395 Highland Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office, Restaurant

    Spaces For Lease

    at 7395 Highland Rd Contact us

    We can help!

    Listing Contact
    Tom Snyder

    Listing agent Tom Snyder License #MI 6506043547

    Listing office Strategic Property Services

    Listing date Jun 11, 2020

    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 Strategic Property Services

    HighLights

    • High‑traffic location on busy Highland Rd.
    • Adjacent to a high‑volume Kohl's department store.
    • Vacant land ready for build‑to‑suit construction.
    • Frontage on Porter Rd.
    • Suitable for retail or office use.
    • Experienced developer available for construction.

    Overview

    This commercial land is located on Highland Road, adjacent to a high-volume Kohl's department store. The vacant land has frontage on Porter Road and is suitable for retail or office use. It is available for build-to-suit construction by an experienced developer.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    White Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5132803
    Latitude
    42.650812

    Nearby Similar for Lease

    • $2,500/Mo
      2,752 SF

      White Lake Flex Space Available

      Flex space with shop and office in White Lake.
      9450 Elizabeth Lake Road, White Lake, MI 48386
      View Details
    • $1,200/Mo
      1,200 SF

      Office Space on Elizabeth Lake

      Professional office space for lease in White Lake, Michigan.
      9440B ELIZABETH LAKE Road, White Lake, MI 48386
      View Details
    • $1,200/Mo
      1,200 SF

      Office Space on Elizabeth Lake

      Professional office space for lease in White Lake, Michigan.
      9440A ELIZABETH LAKE Road, White Lake, MI 48386
      View Details
    • Contact for pricing
      5,670 SF

      Former KinderCare Learning Center

      Turnkey daycare opportunity in a high-visibility location.
      9125 Highland Rd, White Lake Township, MI, 48386
      View Details
    • Contact for pricing

      Retail Strip Center For Lease

      New retail strip center with high visibility, opening late 2025.
      9101 Highland Rd | White Lake, MI 48386
      View Details
    • Contact for pricing

      Commercial Land on Highland Road

      Approximately 1 acre of commercial land for rent.
      9434 Highland Rd., White Lake Township, MI 48386
      View Details
    • Contact for pricing

      Retail Space in Village Lakes

      Retail space available in a busy shopping center.
      310-330 Town Center Boulevard, White Lake Township, MI 48386
      View Details
    • Contact for pricing

      Land Available For Lease

      Single tenant land for lease, 3 acres.
      180 Union Lake Rd, White Lake Charter Township, MI 48386
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease on Highland Road.
      9278 Highland Road (M-59), White Lake, MI 48386
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant land on Highland Rd, ready for build to suit.
    Where is this commercial land located?
    The property is located at 7395 Highland Rd White Lake, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on busy Highland Rd.; Adjacent to a high‑volume Kohl's department store.; Vacant land ready for build‑to‑suit construction.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tom Snyder
    Real Estate License ID: MI 6506043547
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7395 Highland Rd, White Lake Charter Township, MI 48383
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!