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    Property profile & analytics

    5223 Highland Rd Waterford, MI 48327-1916

    • Turn key restaurants
    • 6,480 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1392394
    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

    • Turn key restaurants

    Property Details for 5223 Highland Rd

    Year built
    2007
    Lot size
    0.19 lot acres
    Property size
    6,480 SF
    Zone code
    BI
    Property type
    Turn key restaurants
    APN
    W -13-21-227-010
    APU
    W1321227010

    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
    -83.3898
    Latitude
    42.6595
    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
    $18,372
    $0.00
    $0.00
    $382,330
    -
    $0.00
    $0.00
    $764,660

    Comparable in this City

    • Value Estimation by Request
      1,476 SF

      5744 Highland Rd

      RESTAURANT • 1,476 SF
      5744 Highland Rd, Waterford, MI 48327-1826
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    • Value Estimation by Request
      2,765 SF

      5385 Highland Rd Ste, Unit 100

      RESTAURANT • 2,765 SF
      5385 Highland Rd Ste, Waterford, MI 48327-1980
      View Details
    • Value Estimation by Request
      3,338 SF

      7156 Cooley Lk Rd

      RESTAURANT • 3,338 SF
      7156 Cooley Lk Rd, Waterford, MI 48327-4113
      View Details
    • Value Estimation
      $295,000
      4,364 SF

      7265 Highland Rd

      RESTAURANT • 4,364 SF
      7265 Highland Rd, Waterford, MI 48327-1507
      View Details
    • Value Estimation by Request
      3,505 SF

      4710 Cooley Lk Rd

      RESTAURANT • 3,505 SF
      4710 Cooley Lk Rd, Waterford, MI 48327-2809
      View Details
    • Value Estimation by Request
      5,555 SF

      5834 Highland Rd

      RESTAURANT • 5,555 SF
      5834 Highland Rd, Waterford, MI 48327-1827
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,200 SF

      Waterford Twp Restaurant - 18,200 SF

      Prime Restaurant Space, Owner/User Opportunity
      1450 Hospital Rd, Waterford Township, MI 48327
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    • Contact for pricing
      4,998 SF

      Highland Road Restaurant Opportunity

      Waterford Township Restaurant - 4,998 SF
      7890 Highland Rd, Waterford Township, MI 48327
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    • $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
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    • $4,700,000
      49,434 SF

      Renovated Retail/Automotive Property in Waterford

      49,434 SF building on 7.5 acres, renovated in 2023.
      5900 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      4,998 SF

      Waterford Township Retail Gem

      Lakefront Restaurant Opportunity, 4,998 SF
      7890 Highland Rd, Waterford Township, MI 48327
      View Details
    • Contact for pricing
      20,000 SF

      M-59 Plaza Retail Space Available

      High-traffic Waterford Twp retail center.
      7362 Highland Rd, Waterford Township, MI 48327
      View Details
    • $20 SF/Yr
      4,537 SF

      Waterford Twp Restaurant - 4,537 SF

      Prime Restaurant Space, 1.43 Acres
      5834 Highland Rd, Waterford Township, MI 48327
      View Details
    • 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
    • $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
    • $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
      20.2k
    • Visitors by month
      17.0k
    • Avg Time on site
      67 min
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    5223 Highland Rd
    Waterford, MI 48327-1916
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    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
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