Freestanding Medical/Office Building For
7559-7561Highland Rd Waterford Township, MI 48327
7559-7561Highland Rd, Waterford Township, MI, 48327
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For Sale
Contact for pricing
2,300 sq ft building near Oakland International Airport.
Property Size2,300 SF
Price / SF$173.48
Days on Market659
Property Features for 7559-7561Highland Rd
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing agency
Signature Associates
(248) 359-0647
Listed by
Marvin Petrous · License #MI 6501386692
Source
Crexi
Added: Oct 1, 2024 Updated: Jul 6 at 7:42AM Checked: Jul 21 at 7:25AM
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 Signature Associates
Investment Insights
Based on property information with market context.
This is a 2,300 sq. ft. freestanding medical/office building. It is located along the highly traveled M-59 (Highland Road), one mile from Oakland International Airport. The property is surrounded by local restaurants, retailers, and marinas.
Key Highlights
- Freestanding 2,300 sq. ft. medical/office building.
- Located on highly traveled M‑59 (Highland Road).
- Proximity to Oakland International Airport (1 mile).
Local Financial Insights For Healthcare Medical
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 | $58.0k | $25.20 |
| − Vacancy | −$6.1k | −$2.65 |
| EGI | $51.9k | $22.55 |
| − OpEx | −$20.7k | −$9.02 |
| NOI | $31.1k | $13.53 |
2,300 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$444.6K
$389.1K – $518.8K
NOI $31,125 @ 7.0% cap · market cap 7.80%
Second Best
Office B
$113.1K
$99.0K – $132.0K
NOI $7,918 @ 7.0% cap · market cap 1.98%
Theoretical Best
Specialty Retail
$496.1K
$434.1K – $578.8K
NOI $34,726 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - 2,300 sq ft building near Oakland International Airport.
Where is this medical office space located?
The property is located at 7559-7561Highland Rd Waterford Township, MI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Freestanding 2,300 sq. ft. medical/office building.; Located on highly traveled M‑59 (Highland Road).; Proximity to Oakland International Airport (1 mile).
