Orchard Primary Care Medical
30852 W 10 Mile Rd, Farmington Hills, MI 48336
For Sale
Contact for pricing
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 Market104
Property Features for 30852 W 10 Mile Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
AQRE Advisors
Listed By:
Simon Halabo · License MI #6501464653
(248) 943-4683
Source:
Crexi
Added: Jul 30
Changed: Nov 4
Last Checked: Nov 10 at 6:32AM
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
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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 / Yr
$48,175
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Properties on Market for Medical Office Space in Farmington Hills
Vacancy Rate% for Office in Midwest region
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
