Commercial Redevelopment
6750 Orchard Lake Road, West Bloomfield, MI 48322
For Sale
Contact for pricing
Commercial land offering substantial frontage, on-site parking, and daily vehicle exposure.
Property Size30,000 SF
Price / SF$183.33
Days on Market109
Property Features for 6750 Orchard Lake Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Investment Type
Listing Agency:
Icon Commercial Experts
Listed By:
Fanar Ayar · License MI #6502433957
Source:
Crexi
Added: Jul 29
Changed: Nov 13
Last Checked: Nov 12 at 5:57AM
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 Icon Commercial Experts
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering encompasses approximately 4.2 acres and includes about 30,000 square feet of existing property area. The site provides 236 parking spaces, expansive road frontage, and physical characteristics suited to commercial redevelopment.
Located at 6750 Orchard Lake Road in West Bloomfield, Michigan, the property benefits from exposure to more than 44,000 vehicles each day. Its position within an established retail corridor supports consideration for a range of commercial redevelopment plans, subject to applicable approvals.
Located at 6750 Orchard Lake Road in West Bloomfield, Michigan, the property benefits from exposure to more than 44,000 vehicles each day. Its position within an established retail corridor supports consideration for a range of commercial redevelopment plans, subject to applicable approvals.
Key Highlights
- Approximately 4.2 acres of commercial land
- About 30,000 square feet of property area
- 236 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$322,812
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,456,240
$6.5M
Cap Rate 7%
$4,611,600
$4.6M
Cap Rate 9%
$3,586,800
$3.6M
Market Conditions
NOI Build-Up for 30,000 SF
Gross rent
$504.0K $16.80/SF
− Vacancy
−$42.8K −$1.43/SF
EGI
$461.2K $15.37/SF
− OpEx
−$138.3K −$4.61/SF
NOI
$322.8K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,456,240
Cap Rate 7%
$4,611,600
Cap Rate 9%
$3,586,800
Alternative Uses
Best Use
Retail
$4.61M
$4.04M – $5.38M
NOI $322,812 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.47M
$5.66M – $7.55M
NOI $452,952 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 48322, MI
32,188
Population
13,481
Households
2.4
Avg Household Size
47
Median Age
58%
College-Educated
94%
High-School Grad
11.7 sq mi
ZIP Area
2,751
Density / Sq Mi
$118,001
Median Household Income
$59,991
Median Earnings
$1,975
Median Rent
$374,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Commercial land in Oakland County
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land offering substantial frontage, on-site parking, and daily vehicle exposure.
Where is this commercial land located?
The property is located at 6750 Orchard Lake Road West Bloomfield, MI.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 4.2 acres of commercial land; About 30,000 square feet of property area; 236 parking spaces
