Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2590 Haggerty Rd West Bloomfield Township, MI 48323

    Sponsored
    For Lease
    Contact for pricing

    0.72-acre lot, ideal for ground lease or build-to-suit.

    Lot size:
    31,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 0.72-acre commercial land parcel presents a unique opportunity for development in the desirable West Bloomfield Township, Oakland County, Michigan. Located at 2590 Haggerty Road, this property boasts a prime location at the southeast corner of Haggerty Road and Pontiac Trail, ensuring high visibility and accessibility. The site is currently vacant and offers significant potential for a variety of commercial uses, making it an attractive option for businesses seeking a strategic location with excellent exposure. The single-tenant zoning allows for focused development, minimizing complexities and streamlining the building process. With its substantial size and strategic placement, this land parcel is perfectly suited for ground lease arrangements or build-to-suit projects, providing flexibility to tailor the development to specific business needs. The property's address is 2590 Haggerty Rd, West Bloomfield, MI 48323, and its convenient location offers easy access to major transportation routes, ensuring seamless connectivity for employees and customers alike. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving community. Serious inquiries are encouraged.

    Property Features for 2590 Haggerty Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    31,363 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    31,363 SF

    We can help!

    Listing Contact
    David Rea

    Learn more

    Property Insight Report

    HighLights

    • 0.72‑acre commercial land parcel in desirable West Bloomfield Township, Oakland County, MI.
    • Prime location at the southeast corner of Haggerty Road and Pontiac Trail, offering high visibility and accessibility.
    • Currently vacant, suitable for various commercial uses.
    • Single‑tenant zoning simplifies development.
    • Ideal for ground leases or build‑to‑suit projects.
    • Located at 2590 Haggerty Rd, West Bloomfield, MI 48323, with easy access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4387798
    Latitude
    42.5600141

    Nearby Similar for Lease

    • $25 SF/Yr
      14,814 SF

      West Bloomfield Medical Office Space

      Modern medical office suite available.
      4295-4395 Orch Lk Rd, West Bloomfield Township, MI 48323
      View Details
    • $21 SF/Yr
      29,958 SF

      West Bloomfield Medical Office Space

      Modern medical office suites available.
      7399-7499 Middlebelt Rd, West Bloomfield Township, MI 48322
      View Details
    • $20 SF/Yr
      32,000 SF

      Maple & Farmington Medical Office Space

      West Bloomfield, MI: Class A Medical Office Suites
      0 Maple And Farmington Rd, West Bloomfield Township, MI 48322
      View Details
    • $18 SF/Yr
      57,752 SF

      Bloomfield Avenue Shoppes Retail Space

      Prime Retail Space, Multiple Units Available
      6041 Haggerty Rd, West Bloomfield Township, MI 48322
      View Details
    • $20 SF/Yr
      10,400 SF

      Northwestern Hwy Office Space

      West Bloomfield Office: 1700 sq ft Available
      33060 Northwestern Hwy, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      2,500 SF

      Green Ridge Square Retail Space

      West Bloomfield Twp Retail - 2500 SF Available
      2474 Hl Rd, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      6,675 SF

      West Bloomfield Medical Office Space

      Modern medical suites available for lease.
      5600 Maple Rd, West Bloomfield Township, MI 48322
      View Details
    • $18 SF/Yr
      58,000 SF

      West Bloomfield Medical Office Space

      Modern suites, flexible sizes, prime location.
      5793-5839 Maple Rd, West Bloomfield Township, MI 48322
      View Details
    • $18 SF/Yr
      88,000 SF

      West Bloomfield Executive Offices

      Class A Office Space for Lease in West Bloomfield
      6960 Bloomfield, West Bloomfield Township, MI 48324
      View Details
    • $18 SF/Yr
      42,000 SF

      Crown Center Office Suites for Lease

      West Bloomfield Executive Office Space Available
      7031 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • $18 SF/Yr
      2,462 SF

      West Bloomfield Medical Office Space

      Prime Medical Office, 2 Suites Available
      6250 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      33,400 SF

      Potomac Professional Building: West Bloomfield

      Medical Office Suites Available Now
      6450 Farmington Rd, West Bloomfield Township, MI 48322
      View Details

    FAQs

    What type of property is this?
    Land - 0.72-acre lot, ideal for ground lease or build-to-suit.
    Where is this land located?
    The property is located at 2590 Haggerty Rd West Bloomfield Township, MI.
    What are key features of this property?
    This property features: 0.72-acre commercial land parcel in desirable West Bloomfield Township, Oakland County, MI.; Prime location at the southeast corner of Haggerty Road and Pontiac Trail, offering high visibility and accessibility.; Currently vacant, suitable for various commercial uses.
    Request Owner's contact information
    2590 Haggerty Rd West Bloomfield Township, MI 48323
    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.
    2590 Haggerty Rd
    West Bloomfield Township, MI 48323
    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
    2590 Haggerty Rd West Bloomfield Township, MI 48323
    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

    We can help!
    Listing Contact
    David Rea
    Real Estate License ID: MI 6502104413
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.