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    1704 Highland Rd Highland Charter Township, MI 48356

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    For Sale
    Contact for pricing

    Large Flex Space, Ideal Logistics

    Property size:
    50,672 SF

    Property Features for 1704 Highland Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    50,672 SF
    Lot Size
    194,278 SF

    Building Details

    Year Built/Renovated
    1977/2015
    Buildings
    2

    We can help!

    Listing Contact
    John Arthurs
    John Arthurs

    Listing Agency: P.A. Commercial Corporate & Investment Real Estate Listing Agent: John Arthurs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 27,326 square foot flex space offers a unique opportunity for businesses seeking a strategic location. The property boasts a substantial 27,000 square feet of vacant space, divisible to a minimum of 10,000 square feet, with a maximum contiguous space of 27,326 square feet. Situated on a generous 4.7-acre lot, the property includes a 44-door, 50-foot cross-dock truck terminal, enhancing logistical efficiency. Additional features include a +/- 8,000 square foot office space, a three-bay shop, and ample parking for 600 vehicles. The property also benefits from three drive-in bays and a fully fenced yard, providing secure outdoor storage. Built in 1960, the building features a 16-foot ceiling height, ideal for various industrial uses. The property is conveniently located with easy access to US Highway 46 and I-80, making it an attractive location for logistics and distribution businesses. The property is zoned for industrial use and is fully serviced with water, sewer, and natural gas. Lease terms are negotiable. This Class C building presents a compelling opportunity for businesses seeking a well-equipped and strategically located industrial space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Charter Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5923474
    Latitude
    42.6501657

    Nearby Similar for Sale

    • Contact for pricing
      10,654 SF

      Highland Medical Office Complex

      Two-building medical office, 10,654 SF
      2287-2301 Milford Rd, Highland Charter Township, MI 48357
      View Details
    • $1,975,000
      50,672 SF

      Highland Industrial Warehouse

      50,672 SF Warehouse, $1.975M
      1704 Highland Rd, Highland Charter Township, MI 48356
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Large Flex Space, Ideal Logistics
    Where is this manufacturing property located?
    The property is located at 1704 Highland Rd Highland Charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: 27,326 SF Flex Space Available, Office/Industrial Use; 10,000 SF Minimum Divisible, Up to 27,326 SF Contiguous; 27,000 SF Vacant; 4.7-acre lot
    (248) 663-0506 Call to check price and availability
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    1704 Highland Rd Highland Charter Township, MI 48356
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    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
    1704 Highland Rd Highland Charter Township, MI 48356
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Arthurs
    John Arthurs
    Real Estate License ID: 6501222941
    (248) 663-0506 (248) 358-0100
    Learn more
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