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    Property profile & analytics
    OFF-MARKET Estimated value $930,000
    Office buildings

    3901 Highland Rd, Waterford, MI 48328-2162

    10,335 SF Built 1965
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US43-2153717
    Property summary
    AI-generated overview

    This exceptional 10,335 square foot, single-story office building at 3901 Highland Road presents a unique investment opportunity. Recently renovated in 2024, the property boasts a prime location with excellent visibility and signage potential. The building is classified as Class C and sits on a 1.03-acre lot, zoned O-1. Currently, there are two available executive office spaces, ranging from 1,600 to 2,654 contiguous square feet, with a total of 4,254 square feet currently vacant. The maximum contiguous space available is 2,654 square feet, ideal for a medical practice such as an urgent care facility. The building, constructed in 1965, has undergone a complete renovation, offering modern amenities and a professional atmosphere. Multiple tenancy options are available, making it suitable for a variety of businesses. The minimum divisible space is 1,600 square feet, providing flexibility for smaller businesses or individual practitioners. This property offers a blend of classic charm and modern functionality, making it an attractive option for businesses seeking a high-visibility location with ample space. The recent renovations ensure a move-in ready condition, minimizing any downtime for new tenants. The property's zoning allows for a wide range of commercial uses.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1965
    Total area 10,335 SF
    APN W -13-23-353-011
    UPID US43-2153717
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $932k
    Blend (final) Blend
    $930k
    Owner & transaction history
    Petra Properties 2 LLC · 2 yrs held
    Petra Properties 2 LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.1M +17.0%
    Auto repair, garage $1.0M +10.8%
    Neighborhood: shopping center $960,000 +6.5%
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