2360 Orchard Lake Rd, Sylvan Lake, MI 48320

Building Details

Building Size 11,225 SF More

Listing Agency: Newmark Knight Frank Detroit

Listed By: Michael Valant Show Phone

Source: Cpix.resimplifi

Added: Jun 16 Changed: Nov 9 Last Checked: Nov 8 at 2:28AM

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Investment Insights

Based on property information with market context.

This property is a well-maintained office building presented with a professional feel. Monument signage is available on Orchard Lake Road, helping identify the site from the street. The building is supported by surface-level improvements designed for straightforward day-to-day access.

The site is located at 2360 Orchard Lake Rd in Sylvan Lake, with monument signage on Orchard Lake Road. On-site amenities include ample surface parking within steps of the building, supporting convenient arrival for employees and visitors.

Zoning allows for multiple uses, including office, medical, and retail, which can broaden tenant and buyer fit depending on the intended business type. For office users, the professional presentation and easy parking access can support client-facing operations. For medical or retail concepts, the multi-use zoning and street-visible monument signage provide a practical foundation for a range of service and commercial tenants.

Key Highlights

• Monument signage available on Orchard Lake Road
• Zoned for multiple uses including office, medical, and retail
• Nicely maintained with a professional feel

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,642

Cap Rate

3.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$772,840 $772.8K

Cap Rate 7%

$552,029 $552.0K

Cap Rate 9%

$429,356 $429.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,225 SF

Gross rent

$67.4K $6.00/SF

− Vacancy

−$15.8K −$1.41/SF

EGI

$51.5K $4.59/SF

− OpEx

−$12.9K −$1.15/SF

NOI

$38.6K $3.44/SF

Area

Oakland County, MI

Vacancy

23.50%

Lease Rate

$6.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$772,840

Cap Rate 7%

$552,029

Cap Rate 9%

$429,356

Alternative Uses

Best Use

Office B

$552.0K

$483.0K – $644.0K (±1% cap)

NOI $38,642 @ 7.0% cap · market cap 3.22%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.42M

$2.12M – $2.82M (±1% cap)

NOI $169,480 @ 7.0% cap · market cap 14.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

BNC Insurance Agency Insurance Agency Greenberg Cathy Law Firm Oakland Physician Network ... Medical Clinic LADIES IN LAW - Estate ... Law Firm Senior Benefits Plus Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Parts Store Daycare Center Barber Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

441

Businesses Nearby

Explore this area Business Placement

Demographics for 48320, MI

4,328

Population

2,269

Households

1.9

Avg Household Size

45

Median Age

48%

College-Educated

98%

High-School Grad

1.1 sq mi

ZIP Area

3,935

Density / Sq Mi

$77,700

Median Household Income

$45,978

Median Earnings

$1,153

Median Rent

$317,900

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Oakland County, MI

$128 Jul

$143 Aug

$149 Sep

$146 Oct

Properties on Market for Office buildings in Oakland County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Office building - Multi-use zoned office building with monument signage and ample surface parking just steps from the property.

Where is this office building located?

The property is located at 2360 Orchard Lake Rd Sylvan Lake, MI.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Monument signage available on Orchard Lake Road; Zoned for multiple uses including office, medical, and retail; Nicely maintained with a professional feel