Farmington Hills Three-Unit Office
For Sale
$1,250,000
30000 Orchard Lake Road, Farmington Hills, MI 48334
Turnkey three-unit office building with immediate cash flow potential.
Property Size7,000 SF
Days on Market211
Property Features for 30000 Orchard Lake Road
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Commercial
Zoning
Commercial, Multiple, Office, Recreation
Taxes and HOA fees
Annual Taxes
$10,631
Building Details
Building Size
7,000 SF
Year Built
1972
Stories
1
Listing Agency:
Keller Williams Paint Creek
(586) 949-9000
Listed By:
John Kurczak · License #6501258219
(586) 949-9000
Source:
Phgrealty
Added: Jan 24
Changed: Aug 23
Last Checked: Aug 23 at 6:01AM
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.
Located on Orchard Lake Road in Farmington Hills, this three-unit office building offers an investment opportunity for an owner-user or investor. The property features a newly renovated medical space configured as an urgent care facility. This unit includes ADA-compliant bathrooms, X-ray rooms, multiple exam rooms, a dedicated nurses' intake and billing area, and an executive office with a private bathroom and shower. The property also has a digital changeable sign. The remaining two units are currently occupied, generating a combined monthly rental income of $3,750. One of these units operates as an executive spa. The location has a walk score of 55, indicating it is somewhat walkable, and a bike score of 41, indicating it is somewhat bikeable.
Key Highlights
- Turnkey three‑unit office building on busy Orchard Lake Road in Farmington Hills.
- Newly renovated medical space configured as an urgent care facility with ADA‑compliant bathrooms, X‑ray rooms, and multiple exam rooms.**
- Suits B and C are currently occupied, generating $3,750 in combined monthly rental income.
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
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Petco Vaccination Clinic — 29335 Orchard Lake Rd, Farmington, MI 48334
- Companion Care Veterinary Hospital — 31555 W 13 Mile Rd, Farmington Hills, MI 48334
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey three-unit office building with immediate cash flow potential.
Where is this medical office space 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: Turnkey three‑unit office building on busy Orchard Lake Road in Farmington Hills.; Newly renovated medical space configured as an urgent care facility with ADA‑compliant bathrooms, X‑ray rooms, and multiple exam rooms.**; Suits B and C are currently occupied, generating $3,750 in combined monthly rental income.
