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    OFF-MARKET Estimated value $16,055,000
    Grocery and convenience stores

    4200 Highland Rd, Waterford, MI 48328-2137

    235,395 SF 37.19 ac lot Built 1991
    Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-3566820
    Property summary
    AI-generated overview

    This exceptional 3.64-acre commercial land parcel presents a remarkable development opportunity in Waterford Township, Michigan. Located at 4200 Highland Road (M-59), this property boasts a prime location within a high-traffic retail corridor, situated on a Meijer pad site. The C-4 zoning allows for a variety of mixed-use developments, catering to a diverse range of commercial ventures. The site's strategic placement ensures high visibility and accessibility, benefiting from the established presence of numerous local and national businesses in the immediate vicinity. With a total asking price of $900,000, this translates to $247,252 per acre, reflecting the significant value and potential of this exceptional land offering. The property's APN is 13-22-277-015. This is an ideal investment for developers seeking a high-impact location with significant growth potential in a thriving commercial area of Oakland County. The property's size and zoning provide considerable flexibility for a wide range of development projects, making it an attractive proposition for both short-term and long-term investment strategies. Don't miss this chance to acquire a premier commercial land parcel in a highly desirable location.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1991
    Total area 235,395 SF
    Lot 37.19 ac (1,619,996 SF)
    APN W -13-22-277-012
    UPID US43-3566820
    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
    $16.05M
    Blend (final) Blend
    $16.06M
    Owner & transaction history
    Waterford Crossings LLC · 10 yrs held
    Waterford Crossings LLC
    since 2015
    1 recorded transaction
    2015
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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