5328 Highland Rd, Waterford, MI 48327-1918
This exceptional 108,000 square foot sports and entertainment complex, situated on a sprawling 10.07-acre lot in Waterford Township, Michigan, presents a rare investment opportunity. Built in 1994 and zoned C-4, the property includes both real estate and the established Oakland Yard Athletics business. The facility boasts a wide array of indoor and outdoor sports amenities, catering to diverse age groups and activities. These include football, soccer, lacrosse, basketball, pickleball, baseball, softball, cornhole, field hockey, kickball, and volleyball, supporting organized youth and adult leagues and tournaments. Revenue streams are diversified through private rentals for team practices and training, event rentals, and a variety of hosted events such as field trips, graduation parties, corporate events, weddings, and fundraisers. A significant asset is the newly renovated outdoor patio bar, complete with a pavilion, ample seating, stainless steel bar, fire pit, and views overlooking the outdoor courts and fields. The property's prime location in Oakland County, coupled with the existing liquor license, further enhances its appeal and potential for continued growth and profitability. The property's APN is 13-16-451-019. This is a turnkey operation with significant upside potential for a savvy investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BI · Waterford, MIWaterford. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.