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    Property profile & analytics
    OFF-MARKET Estimated value $650,000
    Turn key restaurants

    5834 Highland Rd, Waterford, MI 48327-1827

    5,555 SF 1.43 ac lot Built 1973
    Entity Owned ~ Est. High Equity
    Property ID
    US43-1569412
    Property summary
    AI-generated overview

    This exceptional 4,537-square-foot restaurant space is ideally situated on a 1.43-acre lot at 5834 Highland Road in Waterford Township, Michigan. The property boasts a single-tenant occupancy, offering a unique opportunity for a restaurateur seeking a substantial footprint. Built in 1973, the building is a single-story structure with ample parking, accommodating 120 vehicles. The entire 4,537 square feet is currently vacant, presenting a blank canvas for a new culinary venture. The property is zoned C-2 (Commercial), allowing for a variety of commercial uses. Its location in Oakland County, with the address 5834 Highland Rd, Waterford Township, MI 48327, offers excellent visibility and accessibility. The property's parcel number (APN) is 13-16-352-032. This substantial lot size provides ample room for outdoor seating, landscaping, or potential expansion. The property presents a rare opportunity to establish a thriving restaurant business in a desirable location with significant parking capacity. The property's size and zoning make it suitable for a wide range of restaurant concepts. This is a turnkey opportunity for an ambitious restaurateur looking to establish a presence in a high-traffic area.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1973
    Total area 5,555 SF
    Lot 1.43 ac (62,291 SF)
    Zoning code BI
    APN W -13-16-352-032
    UPID US43-1569412
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $729k
    Blend (final) Blend
    $650k
    Owner & transaction history
    Bmw Kar Wash LLC
    Bmw Kar Wash LLC
    since 2025
    5 recorded transactions
    2025
    2021
    2013
    $475,000
    2000
    1969
    Zoning & alternative use
    BI · Waterford, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.1M +11.0%
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