5900 Highland Rd, Waterford, MI 48327
For Sale
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This exceptional industrial property, located at 5900 Highland Road in Waterford, Michigan, presents a unique investment opportunity. The 49,434 square foot building sits on a generous 7.28-acre lot, offering ample space for a variety of uses. Constructed in 1972 and completely renovated in 2023, the property boasts modern amenities and a fresh, updated interior. The building's design is versatile, with a front portion ideally suited for retail sales or client services, featuring private offices for management. This area's previous use as an automotive dealership showcases its suitability for businesses requiring high visibility and customer interaction. The property is currently partially leased, at just under 20% occupancy, with a lease extending to June 30, 2029. The owners are open to considering a triple-net (NNN) lease arrangement as an alternative to a fee-simple sale. This attractive offering comprises two parcels, identified as 1316352020 (6.359 acres) and 1316352029 (0.918 acres), providing significant flexibility and potential for future development. Priced at $4,800,000, this property represents a compelling investment in a desirable location with significant upside potential.
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.