Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3121 Huron Rd Waterford Township, MI 48328

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3121 Huron Rd Waterford Township, MI 48328

    View on Map
    • Land
    • 1.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3121 Huron Rd

    Lot size
    1.02 lot acres
    Property type
    Land

    Description

    This exceptional 1.02-acre commercial land parcel, located at 3121 West Huron Road in Waterford Township, Michigan (zip code 48328), presents a prime development opportunity. The property boasts a C4 zoning designation, offering considerable flexibility for a variety of commercial uses. Its strategic location just south of Elizabeth Lake Road ensures high visibility and accessibility, with over 35,000 vehicles passing daily. The site benefits from its proximity to a new 100-acre Oakland County Business Center, attracting a significant workforce and consumer base. Existing nearby businesses include major retailers such as Meijer, Rite Aid, and national chains like Chase Bank, McDonald's, Burger King, and Auto Zone, creating a robust and established commercial environment. The property's APN is 13-26-429-022. The seller will consider a ground lease or build-to-suit arrangement in addition to an outright sale. This location offers unparalleled potential for businesses seeking high traffic exposure and a strong surrounding commercial infrastructure in Oakland County. The property is ideal for fast food establishments or financial institutions looking to capitalize on the high daily traffic count and established commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterford Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3495
    Latitude
    42.6369

    Comparable in this City

    • Value Estimation by Request
      0.66 Acres

      2211-2215 Elizabeth Lake Rd

      Land • 7,301 SF
      2211-2215 Elizabeth Lake Rd, Waterford Township, MI 48328
      View Details
    • Value Estimation by Request

      285 Madeleine Ln

      Land
      285 Madeleine Ln, Waterford Township, MI 48328
      View Details
    • Value Estimation by Request
      8.21 Acres

      M-59 And Pontiac Lk Rd

      Land • 8.21 Acres
      M-59 And Pontiac Lk Rd, Waterford Township, MI 48328
      View Details
    • Value Estimation by Request
      2.50 Acres

      Kennett Rd

      Land • 2.50 Acres
      0 Kennett Rd, Waterford Township, MI 48328
      View Details
    • Value Estimation by Request
      2.74 Acres

      Neq Of Elizabeth Lk Rd And Cass Lk Rd

      Land • 2.74 Acres
      0 Neq Of Elizabeth Lk Rd And Cass Lk Rd, Waterford Township, MI 48328
      View Details
    • Value Estimation by Request
      480 SF

      4303 Highland Rd

      COMMERCIAL (GENERAL) • 480 SF
      4303 Highland Rd, Waterford, MI 48328-2140
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land Available For Sale

      Land available for sale in Waterford Township, Michigan.
      3121 West Huron Rd, Waterford Township, MI 48328
      View Details
    • $93,000
      0.51 Acres

      High-Visibility Corner Lot on Dixie

      Corner lot on high-traffic Dixie Highway, Waterford Twp, MI.
      2830 Dixie Hwy, Waterford, MI 48328
      View Details
    • $99,900
      0.23 Acres

      Residential Land in Waterford Township

      Cleared 0.23 acre lot in Waterford Township.
      256 Madeleine Ln, Waterford, MI 48328
      View Details
    • $100,000
      Pending

      Waterford Twp Land Opportunity

      One-acre residential lot ready for building in Waterford.
      Merry Rd, Waterford, MI 48328
      View Details
    • $2,330,000

      11.65 Acres General Business Land

      Two parcels totaling 11.65 acres zoned for general business.
      Elizabeth Lake Rd, Waterford, MI 48328
      View Details
    • $90,000

      Waterfront Lot in Waterford Township

      Buildable lakefront lot with water and sewer access.
      Cass Lake Rd, Waterford, MI 48328
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      3,343 SF

      Waterford Office Space For Lease

      Office space for lease on highly traveled Dixie Highway.
      2710 Dixie Hwy, Waterford, MI 48328
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru Potential

      Retail space available for lease with drive-thru opportunity.
      477 Elizabeth Lake Rd, Waterford, MI 48328
      View Details
    • Contact for pricing

      Prime Retail Space in Waterford

      High-visibility retail space in a thriving Waterford location.
      4190 Pontiac Lake Rd, Waterford, MI 48328
      View Details
    • Contact for pricing

      Waterford Commercial Property For Rent

      Commercial property available for rent in Waterford, Michigan.
      3115 Dixie Hwy, Waterford, MI 48328
      View Details
    • Contact for pricing
      110,000 SF

      Summit Drive Retail Opportunity

      110,000 SF retail space with ample parking.
      495 Summit Dr, Waterford, MI 48328
      View Details
    • $1,000 /Mo
      619 SF

      Office Suite in Waterford, MI

      600 SF office space available for rent in Waterford.
      1362 W Huron St, Waterford, MI 48328
      View Details
    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.
    3121 Huron Rd
    Waterford Township, MI 48328
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!