Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Suites For Lease Title is generated by Realmo AI

    28124 ORCHARD LAKE Road, Farmington Hills, MI 48334

    View on Map
    Claim this Listing
    For Lease
    Under Contract
    $950/Mo $1.06 SF/Yr (calc)

    Real Estate Only - Farmington Hills, MI

    Property size:
    10,727 SF
    Lot size:
    0.88 Acres
    Added:
    Nov 16, 2020
    Days on Market:
    2013
    Last Refresh:
    May 22 at 5:06 am

    Property Features for 28124 ORCHARD LAKE Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Office
    Standard status
    Active Under Contract
    APN
    2311351042
    Size
    10,727 SF
    Lot size
    0.88 Acres

    Building Details

    Year built
    1984
    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Ullrich Arnold
    Ullrich Arnold

    Listing agent Ullrich Arnold

    Listing office St. Arnold Commerical Realty P.O Box 971069, Ypsilanti, MI

    Listing date Nov 16, 2020

    MLS# 2200094161 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Suites available ranging from 570 to 1800 sq. ft., adjoinable up to 5,000 sq. ft.
    • High visibility, high traffic count location on Orchard Lake Road near I‑696.
    • Professional medical office building.
    • Attractively decorated with upscale decorating and fixtures.
    • Pylon sign included.
    • Clean inside and out.

    Overview

    This professional medical office building offers multiple suites for lease, ranging in size from 570 to 1800 square feet, with the option to combine suites for up to 5,000 square feet of contiguous office space. The suites can be leased separately. The lease rate is $13.35 per square foot, plus NNN expenses and utilities, based on the amount of space leased. The offices feature upscale decorating and fixtures and are maintained in a clean condition, both inside and out. The property is situated in a high-visibility location with high traffic volume on the east side of Orchard Lake Road, approximately a quarter mile north of I-696. Pylon sign signage is included with the lease. Signature sign rights on the building are available for an additional cost. The building is located in Farmington Hills, MI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon Dental Office Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Petco Vaccination Clinic — 29335 Orchard Lake Rd, Farmington, MI 48334
    • Companion Care Veterinary Hospital — 31555 W 13 Mile Rd, Farmington Hills, MI 48334

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3580458
    Latitude
    42.502636

    Nearby Similar for Lease

    • $5,900/Mo
      7,000 SF

      Turnkey Urgent Care Office Building

      Newly renovated medical space with income-generating units in Farmington Hills.
      30000 ORCHARD LAKE Road, Farmington Hills, MI 48334
      View Details
    • $15 SF/Yr
      30,582 SF

      Farmington Hills Industrial/Retail Space

      Centrally located industrial/retail space with high ceilings and roll-up doors.
      32210 W 8 Mile Road, Farmington Hills, MI 48336
      View Details
    • $80 SF/Yr
      10,000 SF

      Farmington Hills Professional Office Building

      Professional office building in Farmington Hills with flexible spaces.
      22710 Haggerty Rd, Farmington Hills, MI 48335
      View Details
    • $2,500/Mo
      2,400 SF

      Versatile Commercial Space, Farmington Hills

      Adaptable commercial space suitable for office, retail, or recreation.
      29920-29912 ORCHARD LAKE Road, Farmington Hills, MI 48334
      View Details
    • $2,500/Mo
      1,800 SF

      Versatile Retail/Office Space Available

      Centrally located suites suitable for office, retail, or recreation.
      29920-29912 ORCHARD LAKE Rd, Farmington Hills, MI 48334
      View Details
    • $1,100/Mo
      1,100 SF

      Professional Office Space For Rent

      Three-room office space available in a well-maintained building.
      21999 Farmington Rd 300, Farmington Hills, MI 48336
      View Details
    • $15 SF/Yr
      8,000 SF

      High-Image Building with Ample Parking

      Corporate quality flex space with generous parking and high visibility.
      33737 W. 12 Mile Rd, Farmington Hills, MI 48331
      View Details
    • $25 SF/Yr
      2,200 SF

      Medical Office Space Available

      Medical office space available for lease in Farmington Hills.
      22750 Middlebelt Road, Farmington Hills, Michigan 48334
      View Details
    • $22 SF/Yr
      36,661 SF

      Former Dealership in Farmington Hills

      Former Farmington Hills Toyota Dealership with great freeway access.
      35200 Grand River Ave, Farmington Hills, MI 48335
      View Details
    • $10 SF/Yr
      3,760 SF

      Upgraded Office Suite For Lease

      3,760 SF office suite with high-end finishes available for lease.
      31355 13 Mile Road, Farmington Hills, MI 48334
      View Details
    • $18 SF/Yr
      16,218 SF

      Orchard Lake Road Medical/Office Building

      Two-story medical/office building with excellent visibility and ample parking.
      23900 Orchard Lake Road, Farmington Hills, MI 48336
      View Details
    • $17 SF/Yr
      93,779 SF

      Farmington Hills Premium Office Space

      High-profile office building with recent renovations and convenient highway access.
      31700 Middlebelt, Farmington Hills, MI 48334
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional medical office building with suites available from 570-5000 sqft.
    Where is this medical office space located?
    The property is located at 28124 ORCHARD LAKE Road Farmington Hills, MI.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: Suites available ranging from 570 to 1800 sq. ft., adjoinable up to 5,000 sq. ft.; High visibility, high traffic count location on Orchard Lake Road near I‑696.; Professional medical office building.
    (248) 880-9084
    We can help!
    Listing Contact
    Ullrich Arnold
    Ullrich Arnold
    Real Estate License ID: 6502417051
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28124 ORCHARD LAKE Road, Farmington Hills, MI 48334
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!