Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28124 Orchard Lake Rd Farmington, MI 48334

    View on Map
    Loading data...
    Loading data...
    Loading data...
    Pending
    $2,175 /Mo ($2 SF/Yr)

    Professional medical office suites for lease in Farmington Hills.

    Property size:
    10,727 SF
    Lot size:
    0.88 Acres

    Property Features for 28124 Orchard Lake Rd

    General Information

    Standard status
    Pending
    Size
    10,727 SF
    Lot size
    0.88 Acres

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Ullrich Arnold
    Ullrich Arnold
    Source: Exitrealty

    Listing Agency: St. Arnold Commerical Realty Listing Agent: Ullrich Arnold

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Suites Available

    Professional medical office suites are available for lease, ranging in size from 570 to 1800 square feet, or adjoining for up to 5,000 square feet. The suites may be leased separately. The offices feature upscale decorating and fixtures and are maintained in a clean condition, both inside and out. Located on the east side of Orchard Lake Road, approximately a quarter mile north of I-696, the property benefits from high visibility and traffic. Pylon signage is included. Signature sign rights on the building are available for an additional cost. Video tours are available online for Suite 101, Suite 102, and Suite 110. The property is suitable for medical office use.
    Location Intelligence

    Current Use by Public Records

    Orchard Dental Group Dental Office Joseph Odeesh DDS ... Dental Office Gary J Sinar ... Dental Office Center for Implant Dentistry ... Dental Office Gary J Sinar ... Dental Office

    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

    AlfaVet Animal Hospital, Advanced Veterinary Medical Center, Plaza Veterinary Hospital, Plaza Veterinary Hospital: Adams Tracy L DVM, Christian M. Ast, DVM

    Location Insight

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

    Nearby Similar for Lease

    • $1,400 /Mo
      4,038 SF

      Updated Retail/Office Space Available

      Highly visible, updated retail/office suite in Farmington, Michigan.
      31822 Grand River Ave, Farmington, MI 48336
      View Details
    • $950 /Mo
      5,640 SF

      Farmington Office Space For Rent

      Affordable office space in Farmington, includes heat, water, and bathroom.
      22500 Orchard Lake Rd, Farmington, MI 48336
      View Details
    • $1,200 /Mo
      1,200 SF

      Farmington Commercial Space For Lease

      Office or retail space in high-traffic area, $1,200/month NNN.
      24062 Orchard Lake Rd, Farmington, MI 48336
      View Details
    • $2,000 /Mo
      43,000 SF

      High-Traffic Commercial Property in Farmington

      Freestanding commercial property in high-traffic area, suitable for various uses.
      31154 Grand River Ave, Farmington, MI 48336
      View Details
    • Contact for pricing

      Modern Office Building with Atrium

      Two-story office building with premium finishes and freeway access.
      27725 Stansbury St, Farmington, MI 48334
      View Details
    • Contact for pricing

      Modern Office Building with Atrium

      Contemporary office space with freeway visibility and convenient access.
      27755 Stansbury St, Farmington, MI 48334
      View Details
    • Contact for pricing

      Office and Retail Space Available

      Office and retail spaces with prominent signage and private entrances.
      Farmington, MI 48335
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for lease in Farmington, Michigan.
      33900 Eight Mile Rd, Farmington, MI 48335
      View Details
    • Contact for pricing

      Farmington Warehouse Space for Lease

      Warehouse spaces available for lease in Farmington, Michigan.
      37849-37879 Interchange Dr, Farmington, MI 48335
      View Details
    • Contact for pricing

      Orchard Lake Road Retail Space

      Retail and automotive property available for rent on Orchard Lake.
      23800 Orchard Lake Rd, Farmington, MI 48336
      View Details
    • Contact for pricing
      2,353 SF

      Retail Space on Orchard Lake

      Retail units available for lease with ample parking.
      28841 Orchard Lake Rd, Farmington, MI 48334
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Professional medical office suites for lease in Farmington Hills.
    Where is this medical office space located?
    The property is located at 28124 Orchard Lake Rd Farmington, MI.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: - Suites available, ranging from 570 to 1,800 sq. ft., or **combine for up to 5,000 sq. ft.**; - **High visibility location** on high traffic Orchard Lake Road.; - Conveniently located near I-696 (1/4 mile north).
    (248) 880-9084
    Request Owner's contact information
    28124 Orchard Lake Rd Farmington, MI 48334
    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.
    28124 Orchard Lake Rd
    Farmington, MI 48334
    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
    28124 Orchard Lake Rd Farmington, MI 48334
    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

    We can help!
    Listing Contact
    Ullrich Arnold
    Ullrich Arnold
    Real Estate License ID: 6502417051
    (248) 880-9084
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!