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    Property profile & analytics

    5854 Highland Rd Waterford, MI 48327-1827

    • Drive through restaurants
    • 3,277 SF
    • 1.48 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-1682632
    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

    • Drive through restaurants

    Property Details for 5854 Highland Rd

    Year built
    1998
    Lot size
    1.48 lot acres
    Property size
    3,277 SF
    Zone code
    BI
    Property type
    Drive through restaurants
    APN
    W -13-16-352-025
    APU
    W1316352025

    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
    -83.4032
    Latitude
    42.6607
    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
    $19,439
    $0.00
    $0.00
    $383,830
    -
    $0.00
    $0.00
    $767,660

    Comparable in this City

    • Value Estimation by Request
      4,096 SF

      7313 Highland Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,096 SF
      7313 Highland Rd, Waterford, MI 48327-1509
      View Details
    • Value Estimation by Request
      1,890 SF

      5608 Highland Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,890 SF
      5608 Highland Rd, Waterford, MI 48327-1926
      View Details
    • Value Estimation by Request
      3,310 SF

      7320 Highland Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,310 SF
      7320 Highland Rd, Waterford, MI 48327-1508
      View Details
    • Value Estimation by Request
      5,192 SF

      7750 Cooley Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,192 SF
      7750 Cooley Lk Rd, Waterford, MI 48327-4182
      View Details
    • Value Estimation by Request
      2,570 SF

      5660 Highland Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,570 SF
      5660 Highland Rd, Waterford, MI 48327-1926
      View Details
    • Value Estimation by Request
      4,341 SF

      5175 Highland Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,341 SF
      5175 Highland Rd, Waterford, MI 48327-1915
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,998 SF

      Highland Road Restaurant Opportunity

      Waterford Township Restaurant - 4,998 SF
      7890 Highland Rd, Waterford Township, MI 48327
      View Details
    • 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
      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
    • $750,000
      10,241 SF

      Highland Road Retail/Industrial Opportunity

      Two freestanding buildings on Highland Road with high visibility.
      6129 Highland Rd, Waterford, MI 48327
      View Details
    • $899,000
      12,500 SF

      Retail Building with High Visibility

      12,500 SF building with 9.5% cap rate and escalations.
      7150 Cooley Lake Rd, Waterford, MI 48327
      View Details
    • $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

    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
    • $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
      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
      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

    Property Visit Statistics

    • Visits by month
      39.6k
    • Visitors by month
      23.8k
    • Avg Time on site
      10 min
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    5854 Highland Rd
    Waterford, MI 48327-1827
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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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