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    Property profile & analytics

    3805 Highland Rd Waterford Township, MI 48328

    • Office buildings
    • 8,248 SF
    • 1.62 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimation
    $500,000
    Last Sale
    Apr 13, 2023
    $487,500
    Location Intelligence
    Property ID
    US43-1556957
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 3805 Highland Rd

    Year built
    1973
    Lot size
    1.62 lot acres
    Property size
    8,248 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    W -13-26-103-016
    APU
    W1326103016

    Description

    This exceptional 8,248-square-foot retail property, located at 3805 Highland Road in Waterford Township, Michigan, presents a unique investment or lease opportunity. Situated on a generous 2.1-acre lot, this single-tenant building offers ample space for a variety of commercial uses. Originally constructed in 1973 and extensively renovated in 2006, the property boasts a modern feel while retaining its character. The building is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their specific needs. The property features 30 convenient surface parking spots, ensuring ample parking for customers and employees. Zoned C-4 (Extensive Business), this location allows for a wide range of commercial activities. The property's address is 3805 Highland Rd, Waterford Township, MI 48328, and its Assessor's Parcel Number (APN) is W-13-26-103-016. This prime location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in a thriving community. The property is available for both lease and sale, providing flexibility for potential buyers and tenants. This is a rare opportunity to acquire a substantial retail space in a desirable location. Contact us today to learn more about this exceptional property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $465,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $515,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $545,000
      Geo Method
      $465,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $605,000
      Mixed-Use
      $525,000
      Hospitality
      $495,000
      Educational
      $575,000
      Residential Income
      $495,000
      Energy
      $520,000
      Income-Based Land
      $490,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3628
    Latitude
    42.6457
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,497
    $0.00
    $0.00
    $418,690
    -
    $0.00
    $0.00
    $837,380

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    • Value Estimation by Request
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    3805 Highland Rd
    Waterford Township, MI 48328
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    Realmo Value Estimation

    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.

    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.

    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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