4301 Highland Rd, Waterford, MI 48328
Former Discount Tire available on Highland Road.
- Added:
- Oct 26, 2024
- Days on Market:
- 619
- Last Refresh:
- May 12 at 10:42 pm
Property Features for 4301 Highland Rd
General Information
- Standard status
- Active
- Size
- 8,892 SF
- Lot size
- 0.88 Acres
- Property subtype
- Retail, Land
Building Details
- Year Built
- 1988
Listing office Mid-America Real Estate - Michigan, Inc.
Listing date Oct 26, 2024
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 Mid-America Real Estate - Michigan, Inc.
HighLights
- High traffic location on Highland Road with over 38,000 cars per day
- Directly across from Meijer and adjacent to Gordon Food Service, generating significant customer traffic
- Zoned C‑3, offering a wide variety of potential uses
- 8,892 SF building with 4 repair bays
- Large pylon sign on Highland Road providing excellent visibility
- 122’ of frontage along Highland Road
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.4k | $16.80 |
| − Vacancy | −$12.7k | −$1.43 |
| EGI | $136.7k | $15.37 |
| − OpEx | −$41.0k | −$4.61 |
| NOI | $95.7k | $10.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dealer Alternative — 3737 Elizabeth Lake Rd D, Waterford Twp, MI 48328
- Manga Collision — 3737 Elizabeth Lake Rd, Waterford Twp, MI 48328
- J & J Towing & Recovery — 3685 Elizabeth Lake Rd, Waterford Twp, MI 48328
- The Collision Repair Shop — 3751 Elizabeth Lake Rd, Waterford Twp, MI 48328
- Waterford Garage — 3783 Elizabeth Lake Rd, Waterford Twp, MI 48328
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Oakland
- State
- Michigan
- Longitude
- -83.3719356
- Latitude
- 42.6525745
