Property profile

4200 Highland Rd Waterford, MI 48328

OFF-MARKET
Grocery and convenience stores
Property ID
US43-3566820
235,395 SF 37.19 ac lot Built 1991
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

4200 Highland Rd Waterford, MI 48328-2137
Waterford metro Census 144701 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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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

since 2015
1 recorded transaction
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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