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    Established Retail Asset in West Bloomfield Title is generated by Realmo AI

    6303 Orchard Lake Rd, West Bloomfield, MI 48322

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    143,776 SF retail center in affluent West Bloomfield trade area.

    Type:Retail
    Property size:
    143,776 SF
    Lot size:
    13.33 Acres
    Added:
    Mar 13, 2026
    Days on Market:
    62
    Last Refresh:
    Mar 19 at 11:16 pm

    Property Features for 6303 Orchard Lake Rd

    General Information

    Standard status
    Active
    Size
    143,776 SF
    Lot size
    13.33 Acres
    Property subtype
    Retail

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Jack Melton

    Listing agent Jack Melton License #6501450066

    Listing office Landmark Commercial Real Estate Services

    Listing date Mar 13, 2026

    Source Crexi

    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 Landmark Commercial Real Estate Services

    HighLights

    • 97.15% Occupancy with $2.28 Million In‑Place NOI: Provides durable day‑one cash flow.
    • Located in Affluent West Bloomfield: Situated in a high‑income suburban community within Oakland County.
    • Dominant Retail Destination: Established community presence with multi‑decade operators and consumer loyalty.
    • High‑Traffic Location: Positioned on Orchard Lake Road with 26,485 vehicles per day.
    • Internal Growth Potential: Below‑market rents offer mark‑to‑market opportunity.
    • Sizeable Retail Center: 143,776 square feet on 13.33 acres.

    Overview

    Orchard Mall is a retail asset located in the West Bloomfield trade area. Situated along Orchard Lake Road, the township’s primary commercial corridor with 26,485 vehicles per day, the 143,776-square-foot center spans 13.33 acres in Oakland County. Constructed in 1972, Orchard Mall has been operating for over five decades. The property is 97.15% occupied, with 139,680 square feet leased, and generates approximately $2.28 million of in-place net operating income. The property is supported by multi-decade operators and consumer loyalty. The center is anchored by a mix of experiential, service-oriented, and specialty retailers. In-place rents remain below prevailing corridor levels, while limited remaining vacancy provides incremental lease-up upside.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Orchard Place Shopping Center — 31555 W 14 Mile Rd # 204, Farmington Hills, MI 48334
    • The Gateway Center — 7200 Orchard Lake Rd, West Bloomfield Township, MI 48322
    • Orchard-14 Shopping Center — 30830 Orchard Lake Rd, Farmington Hills, MI 48334
    • Simbury Plaza Shopping Center — west bloomfield township, mi 48322
    • Hunters Square/Tally Hall — 30825 orchard lake rd, farmington hills, mi 48334

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.359418
    Latitude
    42.545137

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    FAQs

    What type of property is this?
    Shopping center - 143,776 SF retail center in affluent West Bloomfield trade area.
    Where is this shopping center located?
    The property is located at 6303 Orchard Lake Rd West Bloomfield, MI.
    What are key features of this property?
    This property features: 97.15% Occupancy with $2.28 Million In‑Place NOI: Provides durable day‑one cash flow.; Located in Affluent West Bloomfield: Situated in a high‑income suburban community within Oakland County.; Dominant Retail Destination: Established community presence with multi‑decade operators and consumer loyalty.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jack Melton
    Real Estate License ID: 6501450066
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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