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    1733 Milford Rd Highland, MI 48357-4870

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    1733 Milford Rd Highland, MI 48357-4870

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    • Medical Office Space
    • 3,754 SF
    • 1.34 lot acres
    Off-Market
    Last Sale Oct 17, 2023
    $200,000
    Property ID
    US43-1670716
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 1733 Milford Rd

    Year built
    2003
    Lot size
    1.34 lot acres
    Property size
    3,754 SF
    Zone code
    BI
    Property type
    Medical Office Space
    Property subtype
    Medical space
    APN
    H -11-27-376-009
    APU
    H1127376009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Oakland
    State
    Michigan
    Longitude
    -83.6152
    Latitude
    42.6237
    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
    $13,583
    $0.00
    $0.00
    $330,740
    -
    $0.00
    $0.00
    $661,480

    Comparable in this City

    • Value Estimation by Request
      2,601 SF

      2636 Milford Rd

      MEDICAL BUILDING • 2,601 SF
      2636 Milford Rd, Highland, MI 48357-4938
      View Details
    • Value Estimation
      $590,000
      3,435 SF

      192 Highland Rd

      DENTAL BUILDING • 3,435 SF
      192 Highland Rd, Highland, MI 48357-4502
      View Details
    • Value Estimation
      $685,000
      5,046 SF

      2632 Milford Rd

      MEDICAL BUILDING • 5,046 SF
      2632 Milford Rd, Highland, MI 48357-4938
      View Details
    • Value Estimation by Request
      2,013 SF

      2628 Milford Rd

      MEDICAL BUILDING • 2,013 SF
      2628 Milford Rd, Highland, MI 48357-4938
      View Details
    • Value Estimation by Request
      2,077 SF

      2624 Milford Rd

      MEDICAL BUILDING • 2,077 SF
      2624 Milford Rd, Highland, MI 48357-4938
      View Details
    • Value Estimation
      $590,000
      3,156 SF

      222 Highland Rd

      MEDICAL BUILDING • 3,156 SF
      222 Highland Rd, Highland, MI 48357-4504
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,654 SF

      Highland Medical Office Complex

      Two-building medical office, 10,654 SF
      2287-2301 Milford Rd, Highland Charter Township, MI 48357
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2753 S Milford Rd, Highland, MI 48357
      View Details
    • $225,000
      1.00 Acre

      Residential Land in Highland Township

      One-acre residential lots available for building a dream home.
      2866 Pine Bluffs Ct, Highland Twp, MI 48357
      View Details
    • New
      $149,900
      1.00 Acre

      Residential Land in Highland Township

      One-acre residential land lot, build your dream home!
      43 Canterwood, Highland Twp, MI 48357
      View Details
    • Contact for pricing

      Commercial Development Land Assemblage

      Assemblage of three parcels for commercial development along Highland Road.
      NE Cor Highland Rd & Hickory Rdg, Highland, MI 48357
      View Details
    • Contact for pricing

      2753 S. Milford, Highland, MI 48357

      Land
      2753 S Milford Rd, Highland, MI 48357
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      15,305 SF

      Highland, MI Commercial Space

      Versatile commercial space suitable for light industrial, office, or retail.
      672 N Milford Rd Rd, Highland, MI 48357
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    • $1,750 /Mo
      1,400 SF

      Highland Retail or Office Space

      1400 SF retail or office space available for lease.
      1415 S Milford Rd, Highland, MI 48357
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    • $57,600
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      Highland Retail or Office Space

      3200 SF retail or office space near major highways.
      2114 Milford, Highland, MI 48357
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    • $13,750 /Mo
      15,000 SF

      New Industrial Space for Lease

      New construction industrial flex space available for lease in Highland.
      1305 Enterprise Dr, Highland, MI 48357
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    Highland, MI 48357-4870
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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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