Freestanding Office
808 N Highlander Way, Howell, MI 48843
For Sale
Contact for pricing
Open floor plates provide a substantial interior layout for office operations.
Property Size157,000 SF
Lot Size61.27 Acres
Price / SF$37.90
Days on Market20
Property Features for 808 N Highlander Way
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Year Built
Buildings
Listing Agency:
Cushman & Wakefield Michigan
(248) 358-6100
Listed By:
Kyle Passage · License MI #6501406372
(248) 358-6113
Source:
Moodyscre
Added: Oct 21
Changed: Oct 26
Last Checked: Nov 8 at 4:47AM
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 Cushman & Wakefield Michigan
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office property contains 157,000 square feet and features open floor plates. Built in 1992, the building sits on 61.27 acres divided between two parcels measuring 30.29 and 30.98 acres.
The property is along M-59, just north of I-96, at 808 N Highlander Way in Howell, Michigan.
The property is along M-59, just north of I-96, at 808 N Highlander Way in Howell, Michigan.
Key Highlights
- 157,000‑square‑foot freestanding office building
- 61.27 acres across two parcels: 30.29 and 30.98 acres
- Built in 1992
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$540,473
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,809,460
$10.8M
Cap Rate 7%
$7,721,043
$7.7M
Cap Rate 9%
$6,005,256
$6.0M
Market Conditions
NOI Build-Up for 157,000 SF
Gross rent
$942.0K $6.00/SF
− Vacancy
−$221.4K −$1.41/SF
EGI
$720.6K $4.59/SF
− OpEx
−$180.2K −$1.15/SF
NOI
$540.5K $3.44/SF
Area
Livingston 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%
$10,809,460
Cap Rate 7%
$7,721,043
Cap Rate 9%
$6,005,256
Alternative Uses
Best Use
Office B
$7.72M
$6.76M – $9.01M
NOI $540,473 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$25.01M
$21.88M – $29.18M
NOI $1,750,537 @ 7.0% cap · market cap 29.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Explore this area
Business Placement
Demographics for 48843, MI
47,704
Population
19,001
Households
2.5
Avg Household Size
41
Median Age
37%
College-Educated
95%
High-School Grad
89.6 sq mi
ZIP Area
532
Density / Sq Mi
$91,620
Median Household Income
$48,613
Median Earnings
$1,221
Median Rent
$323,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Livingston County, MI
Properties on Market for Office buildings in Livingston County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Open floor plates provide a substantial interior layout for office operations.
Where is this office building located?
The property is located at 808 N Highlander Way Howell, MI.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: 157,000‑square‑foot freestanding office building; 61.27 acres across two parcels: 30.29 and 30.98 acres; Built in 1992
