Commercial Land With Existing
8330 Highland Rd, White Lake, MI 48386
For Sale
$649,000
Nearly two acres with office, retail, and automotive-oriented building improvements along M-59.
Property Size2,964 SF
Days on Market48
Property Features for 8330 Highland Rd
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Michigan Premier Real Estate, LLC
Listed By:
Maria Coffin
(248) 935-5654
Source:
Elliman
Added: Sep 21
Changed: Oct 27
Last Checked: Nov 6 at 8:47AM
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 Michigan Premier Real Estate, LLC
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Investment Insights
Based on property information with market context.
This commercial land offering includes nearly 2 acres and two existing buildings. The first building contains 1,980 square feet and may accommodate office or retail use. The second building measures 1,890 square feet and includes two large garage doors and epoxy flooring, providing features suited to an automotive-oriented layout. The property also offers the option to retain the improvements or pursue new construction.
Located on M-59 at 8330 Highland Rd, the site benefits from reported traffic of well over 30,000 vehicles per day. Nearby shopping destinations include Lowe’s, Home Depot, Meijer, Walmart, and MJR Theater. The property is included in parcels 12-13-454-013 and 12-13-454-047. Zoning questions should be directed to White Lake Township.
Located on M-59 at 8330 Highland Rd, the site benefits from reported traffic of well over 30,000 vehicles per day. Nearby shopping destinations include Lowe’s, Home Depot, Meijer, Walmart, and MJR Theater. The property is included in parcels 12-13-454-013 and 12-13-454-047. Zoning questions should be directed to White Lake Township.
Key Highlights
- Nearly 2 acres of commercial land on M‑59
- Well over 30,000 vehicles passing by per day
- 1,980‑square‑foot building suitable for office or retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,894
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,880
$637.9K
Cap Rate 7%
$455,629
$455.6K
Cap Rate 9%
$354,378
$354.4K
Market Conditions
NOI Build-Up for 2,964 SF
Gross rent
$49.8K $16.80/SF
− Vacancy
−$4.2K −$1.43/SF
EGI
$45.6K $15.37/SF
− OpEx
−$13.7K −$4.61/SF
NOI
$31.9K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,880
Cap Rate 7%
$455,629
Cap Rate 9%
$354,378
Alternative Uses
Best Use
Retail
$455.6K
$398.7K – $531.6K
NOI $31,894 @ 7.0% cap · market cap 4.91%
Second Best
Industrial
$209.8K
$183.6K – $244.8K
NOI $14,686 @ 7.0% cap · market cap 2.26%
Theoretical Best
Specialty Retail
$639.3K
$559.4K – $745.9K
NOI $44,752 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 70%
Shops & Services 23%
Dining 7%
Lowe's
Home Improvements & Furnishings
23,736 visits/mo
0.2 miles
BP
Shops & Services
8,298 visits/mo
0.0 miles
SUBWAY
Dining
2,471 visits/mo
0.4 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,625 visits/mo
0.1 miles
Demographics for 48386, MI
17,904
Population
7,680
Households
2.3
Avg Household Size
45
Median Age
33%
College-Educated
94%
High-School Grad
16.8 sq mi
ZIP Area
1,066
Density / Sq Mi
$90,805
Median Household Income
$49,063
Median Earnings
$1,480
Median Rent
$295,000
Median Home Value
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Market
Properties on Market for Commercial land in Oakland County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Nearly two acres with office, retail, and automotive-oriented building improvements along M-59.
Where is this commercial land located?
The property is located at 8330 Highland Rd White Lake, MI.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Nearly 2 acres of commercial land on M‑59; Well over 30,000 vehicles passing by per day; 1,980‑square‑foot building suitable for office or retail use
