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    Property profile & analytics

    Seq Highland Rd & Williams Lk Rd White Lake charter Township, MI 48386

    • Lifestyle centers
    • 82,764 SF
    • 1.90 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Seq Highland Rd & Williams Lk Rd

    Lot size
    1.90 lot acres
    Property size
    82,764 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    White Lake charter Township
    County
    State
    Michigan
    Longitude
    -83.479
    Latitude
    42.6551

    Comparable in this City

    • Value Estimation by Request
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      8178 Cooley Lk Rd

      Retail properties • 1,326 SF
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    • Value Estimation
      $11,085,000
      156,808 SF

      9190 Highland Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 156,808 SF
      9190 Highland Rd, White Lake, MI 48386-2032
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    • Value Estimation by Request
      2,400 SF

      9155 Highland Rd Ste B

      REGIONAL SHOPPING CENTER, MALL • 2,400 SF
      9155 Highland Rd Ste B, White Lake, MI 48386-4620
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    • Value Estimation
      $1,765,000
      10,859 SF

      10501 Highland Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 10,859 SF
      10501 Highland Rd, White Lake, MI 48386-2145
      View Details
    • Value Estimation
      $575,000
      9,350 SF

      8198 Cooley Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 9,350 SF
      8198 Cooley Lk Rd, White Lake, MI 48386-4309
      View Details
    • Value Estimation by Request
      4,200 SF

      8200 Cooley Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 4,200 SF
      8200 Cooley Lk Rd, White Lake, MI 48386-4423
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.90 Acres

      Highland Road Commercial Development

      Prime Retail/Office Land, 82,764 SF
      0 Seq Highland Rd & Williams Lk Rd, White Lake charter Township, MI 48386
      View Details
    • $199,999
      11.07 Acres

      Prime White Lake Development Land

      11 Acres, $199,999, Flexible Terms
      8983 Pontiac Lk Rd, White Lake charter Township, MI 48386
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    • $800,000
      2.47 Acres

      White Lake Commercial Land

      2.47 Acres, RM-1 Zoning, $800K
      1392 Williams Lk Rd, White Lake charter Township, MI 48386
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    • $325,000
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      Highland Road Commercial Land

      One-acre commercial lot, prime location.
      9434 Highland Rd, White Lake charter Township, MI 48386
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    • Contact for pricing
      5.82 Acres

      Prime 5.82-Acre Commercial Land

      Build-ready land in White Lake Township, MI
      0 Town Ctr Blvd, White Lake charter Township, MI 48386
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    • $299,900
      16.50 Acres

      16.5 Acre Vacant Land Parcel

      Large vacant land parcel in White Lake, Michigan.
      9885 Cedar Island Rd, White Lake, MI 48386
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      2,500 SF

      White Lake Retail Space Available

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      9050 Highland Rd, White Lake charter Township, MI 48386
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      17,485 SF

      Fisk Corners Retail Space Available

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      9278 Highland Rd, White Lake charter Township, MI 48386
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      4,769 SF

      White Lake Retail Space Available

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      9101 Highland Rd, White Lake, MI 48386
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      121,532 SF

      Prime White Lake Commercial Land

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      180 Un Lk Rd, White Lake charter Township, MI 48386
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    • New
      $1,200 /Mo
      1,200 SF

      Office Space on Elizabeth Lake

      Professional office space for lease in White Lake, Michigan.
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    • Contact for pricing

      Office Space for Lease

      Office space available for rent in White Lake, Michigan.
      1097 Union Lake Rd, White Lake, MI 48386
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    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
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