Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Highland Road Visibility Title is generated by Realmo AI

    9434 Highland Rd, White Lake, MI 48386

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land for sale with excellent visibility on Highland Road.

    Type:Land
    Added:
    May 21, 2020
    Days on Market:
    2206
    Last Refresh:
    May 19 at 9:25 pm

    Property Features for 9434 Highland Rd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Jeff Buckler

    Listing agent Jeff Buckler License #MI

    Listing office Lee & Associates - Naples

    Listing date May 21, 2020

    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 Lee & Associates - Naples

    HighLights

    • Great visibility on Highland Rd.
    • Zoned PB allowing for many uses.
    • Part of a larger parcel.
    • Approximate Acre for Sale

    Overview

    This commercial land for sale is part of a larger parcel. Zoned PB, the property allows for many uses and offers great visibility on Highland Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    White Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4725765
    Latitude
    42.656925

    Nearby Similar for Sale

    • $489,900
      6,300 SF

      Flex Space with Warehouse

      Two buildings with office and warehouse space for sale.
      9440 ELIZABETH LAKE Road, White Lake Charter Township, MI 48386
      View Details
    • $549,900

      Wooded Residential Land Parcel

      Wooded multi-lot site with long road frontage and utilities available at/near the road in a R1-C zoning district.
      9915 Highland Road, White Lake, MI 48383
      View Details
    • $3,400,000
      11,400 SF

      White Lake Investment Property For Sale

      11,400 SF White Lake investment property built in 2020.
      7755 Highland Rd, White Lake, MI
      View Details
    • $469,900
      6,300 SF

      Mixed-Use Property in White Lake

      Two-building commercial property with office and warehouse space for sale.
      9440 ELIZABETH LAKE Road, White Lake, MI 48386
      View Details
    • $320,000
      1,900 SF

      Commercial Property in White Lake

      Commercial property for sale in White Lake, Michigan.
      3 Union Lake Road, White Lake, MI 48386
      View Details
    • $499,900
      1,800 SF

      2.5 Acres on Highland Road

      2.5 acres of commercial land with road frontage.
      9669 Highland Road, White Lake Charter Township, MI 48386
      View Details
    • $105,000

      Private Island Oasis Land

      Waterfront land for private island living with utilities.
      8531 Gale Road, White Lake, MI 48386
      View Details
    • $199,900

      9.82 Acres in White Lake

      9.82 acre lot for sale in White Lake Township.
      Hitchcock Road, White Lake Twp, MI 48383
      View Details
    • $400,000

      Development Site on Williams Lake

      Over 3.5 acres of zoned commercial land for sale.
      0000 Williams Lake Rd., White Lake Charter Township, MI 48386
      View Details
    • $499,900
      1,800 SF

      White Lake Commercial Land For Sale

      2.45 acres with frontage on Highland Rd (M-59).
      9669 Highland Road, White Lake, MI 48386
      View Details
    • $244,900

      Lakefront Land on Cedar Island

      Vacant .26-acre lot with 59' lake frontage.
      0000 Burgess Dr, WhiteLakeCharterTownship_Oakland, MI 48386
      View Details
    • $215,000

      Corner Commercial Land with High Road Frontage

      Commercial land parcel on a corner with substantial frontage on heavily traveled Highland Road.
      Highland Road, White Lake Twp, MI 48383
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale with excellent visibility on Highland Road.
    Where is this commercial land located?
    The property is located at 9434 Highland Rd White Lake, MI.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Great visibility on Highland Rd.; Zoned PB allowing for many uses.; Part of a larger parcel.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Buckler
    Real Estate License ID: MI
    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
    9434 Highland Rd, White Lake charter Township, MI 48386
    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!