Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Space in Canterbury Village Title is generated by Realmo AI

    2359 Joslyn Ct, Lake Orion, MI

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Move-in ready office space in historic Canterbury Village.

    Type:OFFICE
    Property size:
    3,600 SF
    Lot size:
    15.47 Acres
    Added:
    Aug 14, 2025
    Days on Market:
    281
    Last Refresh:
    Apr 5 at 9:33 pm

    Property Features for 2359 Joslyn Ct

    General Information

    Standard status
    Active
    Size
    3,600 SF
    Lot size
    15.47 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2359 Joslyn Ct Contact us

    We can help!

    Listing Contact
    Gavin Mills
    Gavin Mills

    Listing agent Gavin Mills License #6501397648

    Listing office NAI Farbman - Corporate

    Listing date Aug 14, 2025

    Source Moodyscre

    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

    HighLights

    • Located in the Historic Canterbury Village
    • Move‑in Ready Space
    • Enjoy the convenience of a bathroom in suite
    • Ample Parking available
    • 2nd Story Office
    • Benefit from 3 Perimeter Offices

    Overview

    This office space is located in the historic Canterbury Village. The available space is on the second story and features three perimeter offices. The suite includes a bathroom. Ample parking is available. The space is move-in ready.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eze-Bikes Electric Bicycle ... (Bike/Boat/Book/etc) Store Canterbury Medieval Faire Music Venue Canterbury Village Shopping Center & Mall Echelon Fire Safety General Contractor EZE-BIKES ELECTRIC BICYCLES (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Orion
    County
    Oakland
    State
    Michigan
    Longitude
    -83.284
    Latitude
    42.7468

    Nearby Similar for Lease

    • $550/Mo
      3,756 SF

      Office Space in Lake Orion

      Office space for lease in downtown Lake Orion, Michigan.
      400 S BROADWAY Street, Lake Orion, MI 48362
      View Details
    • $550/Mo
      144 SF

      Downtown Lake Orion Office Space

      Office space for lease in downtown Lake Orion.
      400 S BROADWAY St, Lake Orion, MI 48362
      View Details
    • $20 SF/Yr
      2,700 SF

      Office Space with Executive Furniture

      2,700 SF office space with private offices and furniture.
      3048 W Clarkston Rd, Lake Orion, MI 48362
      View Details
    • $15 SF/Yr
      16,696 SF

      Retail Space on Lapeer Road

      Retail property with high visibility and traffic in Lake Orion.
      2643-2651 S Lapeer Rd, Lake Orion, MI 48360
      View Details
    • Contact for pricing
      4,560 SF

      Single Tenant Office Building

      4,560 SF office building, 100% occupied by credit tenant.
      200 E Silverbell Rd, Lake Orion, MI
      View Details
    • $24 SF/Yr
      3,194 SF

      Medical Office Space Available

      Prime medical office space with high patient volume potential.
      1455 S Lapeer Rd, Lake Orion, MI
      View Details
    • $15 SF/Yr
      1,187 SF

      Retail Space on Lapeer Road

      Retail space with high visibility and traffic in Lake Orion.
      2643-2661 S Lapeer Rd, Lake Orion, MI
      View Details
    • Contact for pricing

      Office Space for Rent

      Office space available for rent in Lake Orion, Michigan.
      2359 Joslyn Rd, Lake Orion, MI 48360
      View Details
    • Contact for pricing

      Lake Orion Specialty Property

      Specialty property available for rent in Lake Orion, Michigan.
      1176-1234 S Lapeer Rd, Lake Orion, MI 48360
      View Details
    • Contact for pricing

      Office Space For Rent

      Office space available for lease in Lake Orion, Michigan.
      3048 W Clarkston Rd, Lake Orion, MI 48362
      View Details
    • Contact for pricing

      Lake Orion Commercial Space Available

      Commercial property available for rent in Lake Orion, Michigan.
      33 Hiram St, Lake Orion, MI 48360
      View Details
    • $8 SF/Yr

      I-75 Corridor Distribution/Manufacturing Building

      Class A building with I-75 access, near GM plant.
      315 W Silverbell Rd, Orion charter Township, MI 48359
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office space in historic Canterbury Village.
    Where is this office units located?
    The property is located at 2359 Joslyn Ct Lake Orion, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Located in the Historic Canterbury Village; Move‑in Ready Space; Enjoy the convenience of a bathroom in suite
    (248) 353-0500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gavin Mills
    Gavin Mills
    Real Estate License ID: 6501397648
    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
    2359 Joslyn Ct, Lake Orion, MI
    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!