Waterfront Retail Land
For Sale
Contact for pricing
30 W Clarkston Rd, Lake Orion, MI 48362
Waterfront land on Buckhorn Lake with availability to expand the site up to 1.24 acres.
Property Size1,505 SF
Lot Size0.66 Acres
Price / SF$332.23
Days on Market1385
Property Features for 30 W Clarkston Rd
General Information
Standard status
Active
Size
1,505 SF
Lot size
0.66 Acres
Property subtype
RETAIL
Listing Agency:
NAI Farbman - Corporate
(248) 353-0500
Listed By:
Gavin Mills · License #6501397648
(248) 353-0500
Source:
Moodyscre
Added: Oct 17, 2022
Changed: Jul 26
Last Checked: Jul 31 at 12:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Farbman - Corporate
Investment Insights
Based on property information with market context.
This waterfront land parcel offers a development site on Buckhorn Lake with 0.66 acres of available acreage. The offering is contiguous with a neighboring lot that is also for sale, allowing the combined assemblage to reach up to 1.24 acres, depending on the buyer’s needs.
The property is located at 30 W Clarkston Rd in Lake Orion, Michigan, and is situated in an established retail and dining area, with many retailers and restaurants in the surrounding area.
With the option to purchase only the 0.66-acre parcel or assemble up to 1.24 acres, the site can support a range of commercial development concepts that benefit from waterfront presence and nearby retail activity.
The property is located at 30 W Clarkston Rd in Lake Orion, Michigan, and is situated in an established retail and dining area, with many retailers and restaurants in the surrounding area.
With the option to purchase only the 0.66-acre parcel or assemble up to 1.24 acres, the site can support a range of commercial development concepts that benefit from waterfront presence and nearby retail activity.
Key Highlights
- .66‑acre waterfront land on Buckhorn Lake
- Ability to expand the site up to 1.24 acres (contiguous neighboring lot for sale)
- Surrounded by many retailers and restaurants
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.3k | $16.80 |
| − Vacancy | −$2.1k | −$1.43 |
| EGI | $23.1k | $15.37 |
| − OpEx | −$6.9k | −$4.61 |
| NOI | $16.2k | $10.76 |
1,505 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$231.3K
$202.4K – $269.9K
NOI $16,194 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$324.6K
$284.0K – $378.7K
NOI $22,723 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
72
Businesses Nearby
Explore this area
Business Placement
Demographics for 48362, MI
15,001
Population
6,428
Households
2.3
Avg Household Size
42
Median Age
44%
College-Educated
98%
High-School Grad
10.1 sq mi
ZIP Area
1,485
Density / Sq Mi
$108,667
Median Household Income
$51,826
Median Earnings
$1,095
Median Rent
$313,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Waterfront Land - Waterfront land on Buckhorn Lake with availability to expand the site up to 1.24 acres.
Where is this waterfront land located?
The property is located at 30 W Clarkston Rd Lake Orion, MI.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: .66‑acre waterfront land on Buckhorn Lake; Ability to expand the site up to 1.24 acres (contiguous neighboring lot for sale); Surrounded by many retailers and restaurants
