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    Of Highland Rd On Ormond Rd White Lake charter Township, MI 48383

    Sponsored
    For Sale
    $850,000

    Prime development land, 32 acres, White Lake access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 32-acre commercial land parcel presents a remarkable investment opportunity in White Lake Charter Township, Oakland County, Michigan. Located north of Highland Road on Ormond Road, this property boasts convenient access and water rights to White Lake. The land is zoned R1-B Single Family Residential, offering significant development potential. With an asking price of $850,000, the price per acre is $26,562. The property includes three separate Assessor's Parcel Numbers (APNs): 12-18-251-023, 12-18-400-020, and 12-18-400-021. A conceptual site plan outlining the potential for 18 lots is available for review. This prime location, combined with its substantial size and access to White Lake, makes this a highly desirable property for developers seeking a lucrative project in a sought-after area. The zip code is 48383. Serious inquiries are encouraged.

    Property Features for 0 Of Highland Rd On Ormond Rd

    General Information

    Property type
    Land
    Lot Size
    1,393,920 SF

    HighLights

    • 32‑acre commercial land parcel in White Lake Charter Township, Oakland County, MI.
    • Convenient Ormond Road location, north of Highland Road, with White Lake water rights.
    • R1‑B Single Family Residential zoning allows for significant development potential.
    • $850,000 asking price, $26,562 per acre.
    • Three Assessor's Parcel Numbers: 12‑18‑251‑023, 12‑18‑400‑020, and 12‑18‑400‑021.
    • Conceptual site plan shows potential for 18 lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    White Lake charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.552870355084
    Latitude
    42.662522905711

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime development land, 32 acres, White Lake access.
    Where is this land located?
    The property is located at Of Highland Rd On Ormond Rd White Lake charter Township, MI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 32-acre commercial land parcel in White Lake Charter Township, Oakland County, MI.; Convenient Ormond Road location, north of Highland Road, with White Lake water rights.; R1-B Single Family Residential zoning allows for significant development potential.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    Of Highland Rd On Ormond Rd White Lake charter Township, MI 48383
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