Property profile

5798 Highland Rd Waterford, MI 48327

OFF-MARKET
Super regional malls
Property ID
US43-2669503
14,530 SF 2.99 ac lot Built 1988
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1988
Total area 14,530 SF
Lot 2.99 ac (130,244 SF)
APN W -13-16-352-036
UPID US43-2669503

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5798 Highland Rd Waterford, MI 48327-1826
Waterford metro Census 144400 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.65M
Blend (final) Blend
$2.02M

Owner & transaction history

since 2024
Last sale
$2.0M
2 recorded transactions
2024
$2.0M
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $2.8M +106.4%
Restaurant $2.5M +86.0%
Medical building $2.3M +69.6%

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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