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Property profile & analytics
FOR SALE
Manufacturing properties
118 Indianwood Rd Lk, Orion Township, MI 48362
Entity Owned
10-yr Hold
Free & Clear
Property ID
US43-0178939
For Sale
1 / 35
$4,000,000
118 Indianwood Rd Lk, Orion Township, MI 48362
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Property summary
AI-generated overview
This exceptional industrial property, located at 118 Indianwood Rd, Lake Orion, MI 48362, offers a diverse range of flexible warehouse and industrial spaces for lease. Situated on a generous 4.13-acre lot in Oakland County, this 40,016 square foot building presents a unique opportunity for businesses seeking adaptable space. The property is currently multi-tenant occupied, with 11,000 square feet of immediately available space. Units range in size from a minimum of 3,500 square feet to a maximum contiguous space of 11,000 square feet, providing flexibility for various business needs. Built in 1945, the building offers a blend of character and functionality, ideal for a variety of industrial and flex uses. The property's prime location in Orion Township provides easy access to major transportation routes, ensuring efficient logistics and distribution. This is an excellent opportunity to secure high-quality industrial space in a thriving Michigan market. Contact us today to learn more about leasing options and to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1945
Total area
40,537 SF
Lot
4.22 ac (183,823 SF)
Zoning code
II
APN
O -09-02-176-014
UPID
US43-0178939
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
Current use
Occupant on record · Public records
-
Preferred Landcare Landscaping
-
Premier Hair Studio Hair Salon
-
TRE Dedtru Machining Industrial Manufacturer Factory
-
Northern Wholesale Flooring Carpet & Flooring Store Hardware & Home Improvement
-
HC Landscaping Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.73M
Owner & transaction history
Mills Real Estate Ventures LLC · 10 yrs held
Mills Real Estate Ventures LLC
since 2016
7 recorded transactions
Zoning & alternative use
II · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Orion Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orion Township submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,786
Tax year 2023
Assessed value
$758,990
Assessed 2024
Previous assessed
$707,890
+7.2% YoY
Effective rate
2.87%
On assessed value
Total market value
$1,517,980
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1945
Heating
YES
Stories
1
Units
1
Total area
40,537 SF
Lot
4.22 ac (183,823 SF)
Zoning code
II
APN
O -09-02-176-014
UPID
US43-0178939
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
II · Lake Orion, MI
Zoning II · permitted uses
II · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
YES
Stories
1
Units
1
Lot
4.22 ac
Current owner
From public records · entity-resolved
Mills Real Estate Ventures LLC
Entity
Free & Clear · 10 yrs held
Mailing address
118 INDIANWOOD RD, LAKE ORION, MI 48362-4013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2019
—
118 Indianwood Rd LLC
—
Deed
related
$1,625,000 · Cherrywood Mtg LLC
Feb 18, 2016
$720,000
Mills Real Estate Ventures LLC
Shearographics Real Estate LLC
Warranty Deed
—
Feb 17, 2016
—
118 Indianwood Road LLC
Mills Real Estate Ventures LLC
Quit Claim Deed
related
$750,000 · Clarkston State Bank
Apr 19, 2011
—
Shearographics Real Estate LLC
Mills Real Estate Ventures LLC
Grant Deed
—
Jan 18, 2002
—
Shearographics Real Estate LLC
Aerospace Corp
Grant Deed
related
—
Dec 11, 2001
—
Shearographics Real Estate LLC
—
Deed Of Trust
related
$2,000,000 · Bank One Michigan
—
—
118 Indianwood Rd LLC
—
Deed Of Trust
related
$1,625,000 · Cherrywood Mtg LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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