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    Highland Rd White Lake charter Township, MI 48383

    • Land
    • 2.03 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Highland Rd

    Lot size
    2.03 lot acres
    Property type
    Land

    Description

    This exceptional 2.03-acre commercial land parcel presents a prime investment opportunity in the thriving Hartland, MI market. Strategically located on the hard corner of busy Highland Road (M-59) and Tipsico Lake Road, this property boasts high visibility and significant daily traffic volume, estimated at 30,000 vehicles per day. The site comprises three parcels (APN: 0824400038, 0824400039, 0824400040), totaling 2.03 acres, with individual parcel sizes of 0.83 acres, 0.60 acres, and 0.60 acres respectively. Currently zoned NSC, this property offers significant development potential for a wide range of commercial uses. Its prime location and high traffic count make it ideal for businesses seeking maximum exposure and accessibility. The property is owner-occupied, and there is an additional 10.12-acre parcel (APN 08-24-400-041) located to the northwest that is also available. This presents a unique opportunity to acquire a larger contiguous land holding. The asking price for this exceptional property is $750,000.

    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
    -83.6792
    Latitude
    42.6357

    Comparable in this City

    • Value Estimation by Request
      4.90 Acres

      7795 Highland Rd

      Land • 1,194 SF
      7795 Highland Rd, White Lake charter Township, MI 48383
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    • Value Estimation by Request
      1.16 Acres

      M-59 Of Bogie Lk Rd

      Land • 1.16 Acres
      M-59 Of Bogie Lk Rd, White Lake charter Township, MI 48383
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    • Value Estimation by Request
      32.00 Acres

      Of Highland Rd On Ormond Rd

      Land • 32.00 Acres
      0 Of Highland Rd On Ormond Rd, White Lake charter Township, MI 48383
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    • Value Estimation by Request

      169 Bogie Lk Rd

      Land
      169 Bogie Lk Rd, White Lake charter Township, MI 48383
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    • Value Estimation by Request
      10.12 Acres

      M-59 Highland Rd

      Farms • 10.12 Acres
      M-59 Highland Rd, Highland Charter Township, MI 48383
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    • Value Estimation by Request
      2.14 Acres

      White Lk Rd

      Land • 2.14 Acres
      0 White Lk Rd, White Lake charter Township, MI 48383
      View Details

    Similar Nearby for Sale

    • $1,750,000

      White Lake Commercial Land Investment

      Prime MI land, business & residential zoning.
      169 Bogie Lk Rd, White Lake charter Township, MI 48383
      View Details
    • $850,000
      32.00 Acres

      32 Acres White Lake Commercial Land

      Prime development land, 32 acres, White Lake access.
      0 Of Highland Rd On Ormond Rd, White Lake charter Township, MI 48383
      View Details
    • $60,000

      Land For Sale

      Land available for purchase.
      3667 Falcons Nest, White Lake, MI 48383
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    • $499,000
      1.01 Acres

      Kohl's Outlot: Prime Retail Land

      High-traffic location, excellent visibility.
      7395 Highland Rd, White Lake charter Township, MI 48383
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    • $999,900
      10.00 Acres

      Prime Land on M-59

      10 acres of commercial/residential land on Highland Road.
      V/L Highland Rd, White Lake, MI 48383
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    • New
      $549,900
      6.48 Acres

      White Lake Vacant Land Parcel

      6.46-acre wooded parcel near multiple lakes in White Lake.
      9915 Highland Rd, White Lake, MI 48383
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      1,203 SF

      Retail End-Cap in White Lake

      1,203 SF end-cap retail space for lease.
      8200 Cooley Lake Rd, White Lake, MI 48383
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    • $20 SF/Yr
      12,000 SF

      Prime Medical Office Space in White Lake

      12,000 SF Available, Build-to-Suit
      7395 Highland Rd, White Lake charter Township, MI 48383
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    • $14 SF/Yr
      1,600 SF

      Highland Road Office Suite

      Updated Waterford Office Space, 1600 SF
      7300 Highland Rd, Waterford, MI 48383
      View Details
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    Highland Rd
    White Lake charter Township, MI 48383
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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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