Three-Unit Medical Office
For Sale
$1,150,000
30000 Orchard Lake Road, Farmington Hills, MI 48334
Renovated urgent care configuration includes exam rooms, X-ray rooms, and ADA-compliant bathrooms.
Property Size7,000 SF
Days on Market12
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
Amenities
digital changeable sign
Building Details
Building Size
7,000 SF
Year Built
1972
Buildings
1
Listing Agency:
Keller Williams Paint Creek
(248) 649-7200
Listed By:
John Kurczak · License #6501258219
Source:
Thebrokeragehouse
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 12 at 1:14PM
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 medical office property, built in 1972, includes a recently renovated suite arranged for urgent care operations. The medical build-out provides ADA-compliant bathrooms, X-ray rooms, multiple exam rooms, and a dedicated area for nursing intake and billing. An executive office includes a private bathroom with a shower, while a digital changeable sign serves the property’s frontage on Orchard Lake Road.
The building is located in Farmington Hills with access to West Bloomfield. The stated zoning designation is Commercial, Multiple, Offic. The existing configuration combines medical treatment areas with administrative space and supporting facilities within a multi-unit office building.
The building is located in Farmington Hills with access to West Bloomfield. The stated zoning designation is Commercial, Multiple, Offic. The existing configuration combines medical treatment areas with administrative space and supporting facilities within a multi-unit office building.
Key Highlights
- Three‑unit medical office building constructed in 1972
- Renovated suite configured for urgent care use
- Multiple exam rooms and dedicated X‑ray rooms
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
8.24%
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 8.24%
Second Best
Office B
$344.3K
$301.2K – $401.6K
NOI $24,098 @ 7.0% cap · market cap 2.10%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,689 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
947
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 - Renovated urgent care configuration includes exam rooms, X-ray rooms, and ADA-compliant bathrooms.
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 $1,150,000.
What are key features of this property?
This property features: Three‑unit medical office building constructed in 1972; Renovated suite configured for urgent care use; Multiple exam rooms and dedicated X‑ray rooms
