For Sale
$245,000
8685 HIGHLAND Road, White Lake, MI 48386
Commercial land
Property Size1,042 SF
Lot Size2.34 Acres
Price / SF$235.12
Days on Market1692
Property Features for 8685 HIGHLAND Road
General Information
Standard status
Active
Size
1,042 SF
Lot size
2.34 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
365 REALTY
(248) 790-9404
Listed By:
Jonathan Semma · License #6502431180
(248) 790-9404
Source:
Exitrealty
Added: Dec 13, 2021
Changed: Jul 6
Last Checked: Aug 1 at 10:44AM
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 365 REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- High traffic and visibility location on Highland Road/M‑59 with over 60,000 cars daily.
- 100 FT Frontage on Highland Road/M‑59.
- Zoned Local Business (LB) in the front and Agricultural (AG) in the back, offering versatile usage options.
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 | $17.5k | $16.80 |
| − Vacancy | −$1.5k | −$1.43 |
| EGI | $16.0k | $15.37 |
| − OpEx | −$4.8k | −$4.61 |
| NOI | $11.2k | $10.76 |
1,042 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$160.2K
$140.2K – $186.9K
NOI $11,212 @ 7.0% cap · market cap 4.58%
Second Best
Warehouse
$89.6K
$78.4K – $104.5K
NOI $6,269 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$224.8K
$196.7K – $262.2K
NOI $15,733 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
Where is this commercial land located?
The property is located at 8685 HIGHLAND Road White Lake, MI.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: High traffic and visibility location on Highland Road/M‑59 with over 60,000 cars daily.; 100 FT Frontage on Highland Road/M‑59.; Zoned Local Business (LB) in the front and Agricultural (AG) in the back, offering versatile usage options.
