Property profile

0 7559-7561Highland Rd Waterford Township, MI 48327

OFF-MARKET
Office Spaces
2,300 SF 0.41 ac lot Built 1960
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Property summary

AI-generated overview

This exceptional 2,300 square-foot medical office building presents a compelling investment opportunity in Waterford Township, Michigan. Situated on a 0.41-acre lot at 7559-7561 Highland Road, this single-story, Class C building boasts a convenient location along the highly trafficked M-59 (Highland Road). Built in 1960, the property features ample parking with 12 spaces, ensuring easy access for patients and staff. The building is zoned B-1, offering flexibility for various medical uses. Its strategic location offers excellent visibility and proximity to Oakland International Airport, just one mile away. The surrounding area is vibrant, with numerous restaurants, retail establishments, and marinas, providing convenience and attracting a strong patient base. The asking price is $420,000, translating to $182.61 per square foot. This freestanding building presents a rare opportunity to acquire a well-located medical office property in a thriving community. The property's APN is 13-18-451-004. This is a single-tenancy building.

Property profile

Verified
Property type Office Spaces
Year built 1960
Total area 2,300 SF
Lot 0.41 ac (17,860 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7559-7561Highland Rd Waterford Township, MI 48327
Waterford Township metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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