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Property profile & analytics
OFF-MARKET Estimated value $245,000
Drug stores

7362 Highland Rd Waterford, MI 48327-1508

2,010 SF 0.53 ac lot Built 2002
Individually Owned 24-yr Hold Absentee Owner Free & Clear
Property ID
US43-1669365
Property summary
AI-generated overview

M-59 Plaza, located at 7362 Highland Rd in Waterford Township, Michigan 48327, presents a fantastic opportunity for retail or restaurant businesses. This multi-tenant commercial property boasts a total of 20,000 square feet, with 8,000 square feet currently available for lease. The property offers excellent visibility and accessibility, situated on a major thoroughfare. Current tenants include established businesses such as Dollar Tree, Genisys Credit Union, and Michigan Works!, creating a strong and diverse tenant mix. The available space is highly adaptable, ranging from 3,400 to 8,000 square feet, allowing for flexibility in tenant needs. This prime location offers significant foot traffic and high visibility, making it an ideal space for businesses seeking to establish or expand their presence in the Waterford Township market. Attractive leasing incentives and pylon sign advertisement opportunities are available to enhance tenant visibility and marketing efforts. This is a rare opportunity to join a thriving retail center in a desirable location. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2002
Total area 2,010 SF
Lot 0.53 ac (23,087 SF)
Zoning code BI
APN W -13-18-401-008
UPID US43-1669365
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k
Owner & transaction history
Jamil Asmar · 24 yrs held
Jamil Asmar
since 2001
6 recorded transactions
2001
$63,000
2001
$162,000
2001
$175,000
1998
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Waterford, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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