Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5038 Highland Rd Waterford, MI 48327

    • Super regional malls
    • 75,806 SF
    • 10.09 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US43-1645569
    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

    • Super regional malls

    Property Details for 5038 Highland Rd

    Year built
    1967
    Lot size
    10.09 lot acres
    Property size
    75,806 SF
    Zone code
    BI
    Property type
    Super regional malls
    APN
    W -13-16-478-008
    APU
    W1316478008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3881
    Latitude
    42.6612
    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
    $85,813
    $0.00
    $0.00
    $3,488,090
    -
    $0.00
    $0.00
    $6,976,180

    Comparable in this City

    • Value Estimation by Request
      14,820 SF

      5144 Highland Rd

      REGIONAL SHOPPING CENTER, MALL • 14,820 SF
      5144 Highland Rd, Waterford, MI 48327-1912
      View Details
    • Value Estimation by Request
      7,010 SF

      6640 Cooley Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 7,010 SF
      6640 Cooley Lk Rd, Waterford, MI 48327-4205
      View Details
    • Value Estimation by Request
      10,070 SF

      6600 Cooley Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 10,070 SF
      6600 Cooley Lk Rd, Waterford, MI 48327-4239
      View Details
    • Value Estimation by Request
      19,459 SF

      7710 Cooley Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 19,459 SF
      7710 Cooley Lk Rd, Waterford, MI 48327-4182
      View Details
    • Value Estimation by Request
      27,166 SF

      7380 Highland Rd

      REGIONAL SHOPPING CENTER, MALL • 27,166 SF
      7380 Highland Rd, Waterford, MI 48327-1508
      View Details
    • Value Estimation by Request
      93,347 SF

      6123 Highland Rd

      REGIONAL SHOPPING CENTER, MALL • 93,347 SF
      6123 Highland Rd, Waterford, MI 48327-1878
      View Details

    Similar Nearby for Sale

    • $2,100,000
      12,000 SF

      12,000 SF Retail Center For Sale

      Fully occupied retail center with high visibility on M-59.
      5302 Highland Rd, Waterford, MI 48327
      View Details
    • $2,100,000
      12,000 SF

      Retail Shopping Center For Sale

      12,000 SF retail shopping center with high visibility.
      5302-5326 Highland Rd, Waterford, MI 48327
      View Details
    • $1,175,000
      9,218 SF

      Waterford Retail Center For Sale

      Fully occupied retail center on Highland Rd in Waterford, Michigan.
      5720 Highland Rd, Waterford, MI 48327
      View Details
    • $899,000
      12,500 SF

      Waterford Twp Shopping Center

      High-yield retail investment, 9.5% cap rate.
      7150 Cooley Lk Rd, Waterford Township, MI 48327
      View Details
    • $294,000

      M-59 Frontage Retail/Office Opportunity

      High-traffic location with frontage on M-59 in Oakland County.
      5619 Highland Rd, Waterford, MI 48327
      View Details
    • New
      $4,600,000
      49,434 SF

      Renovated Commercial Building on Highland

      49,434 SF building on 7.5 acres, renovated in 2023.
      5900 Highland Rd, Waterford, MI 48327
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,455 SF

      Retail Space in Waterford Plaza

      Retail space available in Waterford Plaza at M-59 & Crescent.
      5038 Highland Rd, Waterford, MI 48327
      View Details
    • Contact for pricing
      2,603 SF

      Retail Space in Kroger-Anchored Center

      Retail space for lease in Kroger-anchored shopping center.
      5111-5159 Highland Rd, Waterford, MI 48327
      View Details
    • $1,700 /Mo
      1,200 SF

      Retail Space in Lakeview Plaza

      1,200 SF retail suite available for lease in Waterford.
      5574 Cooley Lake Rd, Waterford, MI 48327
      View Details
    • $12 SF/Yr
      1,000 SF

      Redeveloped Retail Center Space

      Retail spaces available in a redeveloped shopping center.
      5733 Elizabeth Lake Rd, Waterford, MI 48327
      View Details
    • Contact for pricing
      1,050 SF

      Retail Space in Kroger-Anchored Center

      Retail space available in Kroger-anchored shopping center in Waterford.
      5205-5217 Highland Rd, Waterford, MI 48327
      View Details
    • $12 SF/Yr
      6,000 SF

      Lakeside Center: Retail Space Available

      Prime Oakland Retail Space: 1,000-2,000 SF
      5733 Elizabeth Lk Rd, Waterford Township, MI 48327
      View Details

    Property Visit Statistics

    • Visits by month
      32.5k
    • Visitors by month
      20.7k
    • Avg Time on site
      27 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5038 Highland Rd
    Waterford, MI 48327
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.