Fenced Flex Space with
For Sale
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784 N Milford Road, Highland, MI 48357
Flex property combining a secured gravel yard with office space for storage, fleet parking, or contractor operations.
Property Size500 SF
Lot Size0.46 Acres
Price / SF$5
Days on Market52
Property Features for 784 N Milford Road
General Information
Standard status
Active
Size
500 SF
Lot size
0.46 Acres
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
500 SF
Building Details
Building Size
500 SF
Listing Agency:
Live North Real Estate LLC
Listed By:
Kevin Johnston
(248) 880-8931
Source:
Jimdehaan
Added: Aug 26
Changed: Oct 1
Last Checked: Oct 16 at 9:05AM
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 Live North Real Estate LLC
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Investment Insights
Based on property information with market context.
This flex property combines a fully fenced gravel yard measuring 200' x 100'—approximately 20,000 SF—with a 500 SF office area. The yard provides outdoor space for contractor laydown, heavy equipment, fleet parking, and related commercial operations. Office improvements include a private office and shared facilities, supporting on-site administration or dispatch functions.
The property is located at 784 N Milford Road in Highland Township, within Oakland County, with frontage along Milford Road and access to regional routes. Industrial zoning is in place, and dedicated signage potential is identified for the site.
The property is located at 784 N Milford Road in Highland Township, within Oakland County, with frontage along Milford Road and access to regional routes. Industrial zoning is in place, and dedicated signage potential is identified for the site.
Key Highlights
- Approximately 20,000 SF gravel yard measuring 200' x 100'
- Fully fenced outdoor storage area
- 500 SF office footprint with private office and shared facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,721
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,420
$34.4K
Cap Rate 7%
$24,586
$24.6K
Cap Rate 9%
$19,122
$19.1K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$3.0K $6.00/SF
− Vacancy
−$705 −$1.41/SF
EGI
$2.3K $4.59/SF
− OpEx
−$574 −$1.15/SF
NOI
$1.7K $3.44/SF
Area
Oakland County, MI
Vacancy
23.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$34,420
Cap Rate 7%
$24,586
Cap Rate 9%
$19,122
Alternative Uses
Best Use
Flex RnD
$73.9K
$64.6K – $86.2K
NOI $5,171 @ 7.0% cap · market cap 206.84%
Second Best
Industrial
$35.4K
$31.0K – $41.3K
NOI $2,477 @ 7.0% cap · market cap 99.08%
Theoretical Best
Specialty Retail
$107.8K
$94.4K – $125.8K
NOI $7,549 @ 7.0% cap · market cap 301.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48357, MI
8,459
Population
3,340
Households
2.5
Avg Household Size
45
Median Age
28%
College-Educated
94%
High-School Grad
13.1 sq mi
ZIP Area
646
Density / Sq Mi
$94,656
Median Household Income
$45,617
Median Earnings
$1,121
Median Rent
$327,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex property combining a secured gravel yard with office space for storage, fleet parking, or contractor operations.
Where is this flex space located?
The property is located at 784 N Milford Road Highland, MI.
What are key features of this property?
This property features: Approximately 20,000 SF gravel yard measuring 200' x 100'; Fully fenced outdoor storage area; 500 SF office footprint with private office and shared facilities
