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    Property profile & analytics

    7001 Highland Rd White Lake charter Township, MI 48383

    • Banks
    • 2,400 SF
    • 2.09 lot acres
    For Sale
    View listing
    $699,000
    Value Estimation
    Last Sale
    Oct 18, 2023
    $442,500
    Location Intelligence
    Property ID
    US43-1412390
    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

    • Banks

    Property Details for 7001 Highland Rd

    Year built
    1973
    Lot size
    2.09 lot acres
    Property size
    2,400 SF
    Zone code
    GB
    Property type
    Banks
    APN
    Y -12-21-100-046
    APU
    Y1221100046

    Description

    This exceptional 2,400 square foot retail property, located at 7001 Highland Road in White Lake Charter Township, Oakland County, Michigan, presents a compelling investment opportunity. The former bank building, built in 1973, sits on a generous 2.07-acre lot and boasts 24 private parking spaces, complemented by an existing drive-thru. Its prime location on Highland Road ensures high visibility and accessibility. The property is zoned GB (General Business District), offering flexibility for redevelopment. Concept plans illustrate potential for expansion of the existing structure or the creation of two new retail or office buildings on the site. The asking price is $699,000, translating to $331.25 per square foot. The property's APN is 12-21-100-046 and the zip code is 48383. This is an ideal location for a variety of commercial uses, offering significant potential for growth and return on investment. The property's size and zoning provide ample room for creative redevelopment, catering to a range of business needs. This unique offering combines a desirable location with substantial land and building space, making it an attractive prospect for discerning investors.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $440,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $455,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $410,000
      Mixed-Use
      $380,000
      Hospitality
      $470,000
      Educational
      $365,000
      Residential Income
      $465,000
      Energy
      $455,000
      Income-Based Land
      $450,000
      Food Service
      $460,000

    Location Insight

    • Map
    • Local Demand
    City
    White Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5198
    Latitude
    42.6496
    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
    $12,799
    $0.00
    $0.00
    $245,700
    -
    $0.00
    $0.00
    $491,400

    Comparable in this City

    • Value Estimation by Request
      4,923 SF

      3671 Highland Rd

      FINANCIAL BUILDING • 4,923 SF
      3671 Highland Rd, White Lake, MI 48383-3808
      View Details
    • Value Estimation by Request
      4,005 SF

      6615 Highland Rd

      FINANCIAL BUILDING • 4,005 SF
      6615 Highland Rd, White Lake, MI 48383-2878
      View Details
    • Value Estimation by Request
      2,880 SF

      6490 Highland Rd

      FINANCIAL BUILDING • 2,880 SF
      6490 Highland Rd, White Lake, MI 48383-2836
      View Details
    • Value Estimation by Request
      88,540 SF

      7375 Highland Rd

      RETAIL STORES (PERSONAL SERVICES) • 88,540 SF
      7375 Highland Rd, White Lake, MI 48383-2857
      View Details
    • Value Estimation by Request
      2,584 SF

      7505 Highland Rd

      GROCERY, SUPERMARKET • 2,584 SF
      7505 Highland Rd, White Lake, MI 48383-2938
      View Details
    • Value Estimation by Request
      7,281 SF

      918 Nordic Dr

      GYM, HEALTH SPA • 7,281 SF
      918 Nordic Dr, White Lake, MI 48383-2436
      View Details

    Similar Nearby for Sale

    • $699,000
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      Highland Road Retail Opportunity

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      7001 Highland Rd, White Lake charter Township, MI 48383
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      White Lake Investment Property For Sale

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      1.158 acres of commercial land on M-59.
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    • $89,900
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      Residential Land in White Lake

      Vacant lot ready to build in White Lake, Michigan.
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    • New
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      Wooded Land Near White Lake

      5.88-acre wooded parcel near lakes, potential for multiple homesites.
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    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
      View Details
    • $20 SF/Yr
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      Prime Medical Office Space in White Lake

      12,000 SF Available, Build-to-Suit
      7395 Highland Rd, White Lake charter Township, MI 48383
      View Details
    • $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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    White Lake charter Township, MI 48383
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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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