Three-Unit Medical Office
For Sale
$1,250,000
30000 Orchard Lake Road, Farmington Hills, MI 48334
Renovated clinical suite includes exam rooms, X-ray rooms, and ADA-compliant bathrooms.
Property Size7,000 SF
Days on Market42
Property Features for 30000 Orchard Lake Road
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Commercial
Zoning
Commercial, Multiple, Offic
Additional Details
Office Units
3
Taxes and HOA fees
Annual Taxes
$10,631
Building Details
Building Size
7,000 SF
Year Built
1972
Buildings
1
Tenancy
Multi
Listing Agency:
Keller Williams Paint Creek
(248) 649-7200
Listed By:
John Kurczak · License #6501258219
Source:
Erareardonrealty
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 25 at 9:15AM
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 Keller Williams Paint Creek
Investment Insights
Based on property information with market context.
This three-unit office building includes a newly renovated medical suite configured for urgent care use. The clinical layout features multiple exam rooms, dedicated X-ray rooms, ADA-compliant bathrooms, and separate nurses’ intake and billing areas. An executive office adds a private bathroom with a shower.
The two additional suites are occupied, including one operating as an executive spa. Exterior identification is supported by a digital changeable sign. Located on Orchard Lake Road in Farmington Hills, the property also provides convenient access to West Bloomfield.
The two additional suites are occupied, including one operating as an executive spa. Exterior identification is supported by a digital changeable sign. Located on Orchard Lake Road in Farmington Hills, the property also provides convenient access to West Bloomfield.
Key Highlights
- Three‑unit office building at 30000 ORCHARD LAKE Road
- Newly renovated medical suite configured as an urgent care facility
- Multiple exam rooms, dedicated X‑ray rooms, and ADA‑compliant bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,727
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,894,540
$1.9M
Cap Rate 7%
$1,353,243
$1.4M
Cap Rate 9%
$1,052,522
$1.1M
Market Conditions
NOI Build-Up for 7,000 SF
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.
Gross rent
$176.4K $25.20/SF
− Vacancy
−$18.5K −$2.65/SF
EGI
$157.9K $22.55/SF
− OpEx
−$63.2K −$9.02/SF
NOI
$94.7K $13.53/SF
Area
Oakland County, MI
Vacancy
10.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,894,540
Cap Rate 7%
$1,353,243
Cap Rate 9%
$1,052,522
Alternative Uses
Best Use
Healthcare Medical
$1.35M
$1.18M – $1.58M
NOI $94,727 @ 7.0% cap · market cap 7.58%
Second Best
Office B
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 1.93%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,689 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 48334, MI
18,731
Population
8,528
Households
2.2
Avg Household Size
45
Median Age
59%
College-Educated
96%
High-School Grad
9.1 sq mi
ZIP Area
2,058
Density / Sq Mi
$98,937
Median Household Income
$56,067
Median Earnings
$1,511
Median Rent
$327,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated clinical suite includes exam rooms, X-ray rooms, and ADA-compliant bathrooms.
Where is this office building located?
The property is located at 30000 Orchard Lake Road Farmington Hills, MI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit office building at 30000 ORCHARD LAKE Road; Newly renovated medical suite configured as an urgent care facility; Multiple exam rooms, dedicated X‑ray rooms, and ADA‑compliant bathrooms
