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    2267 Orchard Lake Rd Sylvan Lake, MI 48320

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    For Lease
    Contact for pricing

    Prime Orchard Lake Road location, 2,573 sq ft, ideal for owner-user.

    Lot size:
    2,573 SF

    Property Features for 2267 Orchard Lake Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,573 SF
    Total Rate
    3216.25

    Building Details

    Year Built
    1957
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 2267 Orchard Lake Rd, Sylvan Lake, MI 48320 Contact us
    Unit Available Space

    $15 /Mo

    Size
    2,573 SF
    Contact us

    We can help!

    Listing Contact
    Marvin Petrous
    Marvin Petrous

    Listing Agency: Signature Associates Listing Agent: Marvin Petrous

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This single-tenant retail building, located at 2267 Orchard Lake Road in Sylvan Lake, Michigan, presents a compelling opportunity for business owners and investors. The property boasts a total of 2,573 square feet situated on a 0.23-acre lot. Built in 1957, the single-story structure is zoned B-3, offering flexibility for a variety of commercial uses. Currently vacant, the entire 2,573 square feet is available for immediate occupancy. The building's previous use was a dry cleaner's, and some equipment may remain. This presents a unique chance for an owner-user to establish their business in a high-traffic area or for a developer to envision a new project. The property's location on busy Orchard Lake Road in Oakland County, Michigan (zip code 48320) ensures high visibility and accessibility. The property's address is 2267 Orchard Lake Rd, Sylvan Lake, MI 48320. Interested parties should note that the current tenant's lease is expiring, and direct contact with them is discouraged. This presents a clean slate for a new business venture or redevelopment. The property's coordinates are 42.6114557 latitude and -83.3277082 longitude.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martinizing Cleaners (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3277082
    Latitude
    42.6114557

    Nearby Similar for Lease

    • Contact for pricing
      1,963 SF

      Sylvan Lake Restaurant w/Drive-Thru

      Prime Retail Space, Excellent Visibility
      2635 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
    • Contact for pricing
      80,578 SF

      Sylvan Lake Industrial Park Investment

      Multi-use industrial space, Oakland County.
      2655-2683 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Orchard Lake Road location, 2,573 sq ft, ideal for owner-user.
    Where is this retail property located?
    The property is located at 2267 Orchard Lake Rd Sylvan Lake, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,573 SF available for lease or sale.; Former dry cleaner on high-traffic Orchard Lake Road in Sylvan Lake, MI.; Ideal for owner-user, new business, or redevelopment.
    (248) 359-0647 Call to check price and availability
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    2267 Orchard Lake Rd Sylvan Lake, MI 48320
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    Sylvan Lake, MI 48320
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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.

    More about this property
    2267 Orchard Lake Rd Sylvan Lake, MI 48320
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marvin Petrous
    Marvin Petrous
    Real Estate License ID: 6501386692
    (248) 359-0647 (248) 505-4400 (248) 374-7700
    Learn more
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