Orchard Primary Care Medical
For Sale
Contact for pricing
30852 W 10 Mile Rd, Farmington Hills, MI 48336
Medical office space in a 1994 building serving Farmington Hills, with access to I-696, I-275, M-5, and Northwestern Highway.
Property Size3,560 SF
Price / SF$228.57
Days on Market8
Property Features for 30852 W 10 Mile Rd
General Information
Standard status
Active
Size
3,560 SF
Total Parking Spaces
20
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$56,960
Building Details
Year Built
1994
Year Renovated
2022
Tenancy
Single
Listing Agency:
AQRE Advisors
(248) 776-6001
Listed By:
Simon Halabo · License #6501464653
Source:
Crexi
Added: Jul 30
Changed: Aug 3
Last Checked: Aug 6 at 11:22AM
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 AQRE Advisors
Investment Insights
Based on property information with market context.
Orchard Primary Care is a 3,560-square-foot medical office property built in 1994. The asset is located at 30852 W 10 Mile Rd in Farmington Hills, Michigan, providing a defined setting for medical office operations within an established suburban community.
Regional access includes I-696, I-275, M-5, and Northwestern Highway, connecting the property with Metro Detroit employment centers and surrounding communities. Farmington Hills has an economic base that includes healthcare, automotive, technology, financial services, education, and professional office users. The property is also positioned near commercial corridors along Orchard Lake Road and Twelve Mile Road, with proximity to Southfield, Novi, and Ann Arbor.
Regional access includes I-696, I-275, M-5, and Northwestern Highway, connecting the property with Metro Detroit employment centers and surrounding communities. Farmington Hills has an economic base that includes healthcare, automotive, technology, financial services, education, and professional office users. The property is also positioned near commercial corridors along Orchard Lake Road and Twelve Mile Road, with proximity to Southfield, Novi, and Ann Arbor.
Key Highlights
- 3,560 SF medical office property
- Built in 1994
- Located at 30852 W 10 Mile Rd, Farmington Hills, MI 48336
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
$48,175
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
5.92%
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%
$963,500
$963.5K
Cap Rate 7%
$688,214
$688.2K
Cap Rate 9%
$535,278
$535.3K
Market Conditions
NOI Build-Up for 3,560 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
$89.7K $25.20/SF
− Vacancy
−$9.4K −$2.65/SF
EGI
$80.3K $22.55/SF
− OpEx
−$32.1K −$9.02/SF
NOI
$48.2K $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%
$963,500
Cap Rate 7%
$688,214
Cap Rate 9%
$535,278
Alternative Uses
Best Use
Healthcare Medical
$688.2K
$602.2K – $802.9K
NOI $48,175 @ 7.0% cap · market cap 5.92%
Second Best
Office B
$175.1K
$153.2K – $204.3K
NOI $12,255 @ 7.0% cap · market cap 1.51%
Theoretical Best
Specialty Retail
$767.9K
$671.9K – $895.8K
NOI $53,750 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48336, MI
26,802
Population
12,296
Households
2.2
Avg Household Size
42
Median Age
44%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
2,882
Density / Sq Mi
$85,325
Median Household Income
$54,077
Median Earnings
$1,141
Median Rent
$247,600
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.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space in a 1994 building serving Farmington Hills, with access to I-696, I-275, M-5, and Northwestern Highway.
Where is this medical office space located?
The property is located at 30852 W 10 Mile Rd Farmington Hills, MI.
What is the asking price?
The asking price for this property is $813,715.
What are key features of this property?
This property features: 3,560 SF medical office property; Built in 1994; Located at 30852 W 10 Mile Rd, Farmington Hills, MI 48336
