Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Development Site on M-59 Title is generated by Realmo AI

    M-59 and Pontiac Lake Rd, Waterford, MI 48328

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime commercial land with frontage on M-59, utilities available.

    Type:Land
    Added:
    Apr 16, 2019
    Days on Market:
    2594
    Last Refresh:
    May 19 at 10:23 pm

    Property Features for M-59 and Pontiac Lake Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Brandon Ben-Ezra
    Brandon Ben-Ezra

    Listing agent Brandon Ben-Ezra License #6505136668

    Listing office NAI Farbman Southfield

    Listing date Apr 16, 2019

    Source Crexi

    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 NAI Farbman Southfield

    HighLights

    • Prime commercial development site
    • Approximately 713.43' frontage on M‑59
    • Zoned General Business
    • Cross Access Agreement with Lowes
    • Build‑to‑suit opportunity
    • Utilities available

    Overview

    This commercial development site offers a build-to-suit opportunity with approximately 713.43 feet of frontage on M-59. The property is zoned for General Business, and utilities are available. A Cross Access Agreement is in place with Lowe's.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3542
    Latitude
    42.6485

    Nearby Similar for Sale

    • $649,000
      5,081 SF

      Commercial Building on Corner Lot

      Four-unit commercial building with high visibility and income potential.
      1362 Huron Street, Waterford, MI 48328
      View Details
    • $499,900
      2,519 SF

      Commercial Building on Dixie Highway

      2,500+ sq ft commercial building in high-traffic area.
      4680 Dixie Highway, Waterford, MI 48329
      View Details
    • $120,000
      3,628 SF

      Asian Grocery & Restaurant Opportunity

      Turnkey Asian grocery and restaurant in prime Waterford location.
      2510 Dixie Highway, Waterford, MI 48328
      View Details
    • $1,749,900
      10,468 SF

      Waterford Marina on Loon Lake

      Marina with boat docks and storage on Loon Lake.
      4030 Dixie Highway, Waterford, MI 48329
      View Details
    • $450,000
      1,493 SF

      Waterford Commercial Property For Sale

      Commercial property in Waterford, MI, suitable for retail or office.
      101 N Telegraph Road, Waterford, MI 48328
      View Details
    • $450,000
      2,500 SF

      Established Medical Office on Elizabeth Lake

      Medical office building on Elizabeth Lake Road in Waterford Township.
      2561 Elizabeth Lake Road, Waterford, MI 48328
      View Details
    • $85,000

      High-Visibility Corner Lot on Dixie

      Corner lot on high-traffic Dixie Highway, Waterford Twp.
      2830 Dixie Highway, Waterford Twp, MI 48328
      View Details
    • $650,000
      4,000 SF

      Self-Serve Car Wash For Sale

      4-bay car wash with vacuum stations in high-traffic area.
      1400 Airport Rd, Waterford, MI 48328
      View Details
    • $450,000
      2,292 SF

      Bar and Restaurant with License

      Bar and restaurant with liquor license on 0.71 acres.
      2661 DIXIE, Waterford, MI 48328
      View Details
    • $1,300,000
      12,000 SF

      Versatile Commercial Building on Cooley Lake

      Adaptable commercial asset in a thriving growth market.
      7570 Cooley Lake Rd, WaterfordCharterTownship_Oakland, MI 48327
      View Details
    • $425,000
      3,714 SF

      Waterford Office Building For Sale

      Well-maintained office building on Highland Road, ideal for owner-user.
      5685 Highland Road, Waterford, MI 48327
      View Details
    • $499,900
      2,500 SF

      Commercial Building on Dixie Highway

      2,500 SF commercial building on high-traffic Dixie Highway.
      4680 Dixie Hwy, WaterfordCharterTownship_Oakland, MI 48329
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial land with frontage on M-59, utilities available.
    Where is this commercial land located?
    The property is located at M-59 and Pontiac Lake Rd Waterford, MI.
    What are key features of this property?
    This property features: Prime commercial development site; Approximately 713.43' frontage on M‑59; Zoned General Business
    (248) 353-0500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brandon Ben-Ezra
    Brandon Ben-Ezra
    Real Estate License ID: 6505136668
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    M-59 and Pontiac Lake Rd, White Lake Twp, MI 48328
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!