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    2000 Orchard Lake Rd Sylvan Lake, MI 48320

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    2000 Orchard Lake Rd Sylvan Lake, MI 48320

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    • Land
    • 9.54 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2000 Orchard Lake Rd

    Lot size
    9.54 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 9.54-acre commercial and industrial land parcel presents a unique opportunity in Sylvan Lake, Michigan. Located at 2000 Orchard Lake Road, this property boasts a highly desirable C2 zoning designation, opening doors to a wide array of development possibilities. All utilities are conveniently located at the street, simplifying infrastructure connections. The permitted uses are extensive and include, but are not limited to: retail, flex space, medical facilities, industrial buildings, car washes, gas stations, hotels/motels, nursing homes, outdoor sales areas, recreational vehicle storage, cold storage facilities, and veterinary offices. The property's versatility makes it ideal for a variety of businesses seeking a prime location in Oakland County. The expansive lot size provides ample space for substantial development, catering to both large-scale projects and smaller, more focused ventures. This property is offered for sale, or a build-to-suit option may be available. The APN numbers are 19-06-104-003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3252
    Latitude
    42.6145

    Comparable in this City

    • Value Estimation by Request
      9.54 Acres

      2000 Orchard Lake Rd

      Land • 9.54 Acres
      2000 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
    • Value Estimation by Request
      80,578 SF

      2655-2683 Orchard Lake Rd

      Distribution properties • 80,578 SF
      2655-2683 Orchard Lake Rd, Sylvan Lake, MI 48320
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    • Value Estimation by Request
      3,537 SF

      Undisclosed Address

      Industrial properties • 3,537 SF
      Undisclosed Address, Oakland, MI 48320
      View Details
    • Value Estimation
      $1,200,000
      23,976 SF

      3325 Orch Lk Rd

      INDUSTRIAL LOFT BUILDING • 23,976 SF
      3325 Orch Lk Rd, Keego Harbor, MI 48320-1377
      View Details
    • Value Estimation
      $3,315,000
      81,639 SF

      2655 Orch Lk Rd

      INDUSTRIAL LOFT BUILDING • 81,639 SF
      2655 Orch Lk Rd, Sylvan Lake, MI 48320-1571
      View Details
    • Value Estimation by Request
      2,317 SF

      2029 Orch Lk Rd

      INDUSTRIAL (GENERAL) • 2,317 SF
      2029 Orch Lk Rd, Sylvan Lake, MI 48320-1746
      View Details

    Similar Nearby for Sale

    • $4,500,000
      3,537 SF

      Oakland Industrial Provisioning Center

      High-revenue, turnkey operation in Oakland, MI
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    • $550,000

      Land For Sale

      Land available for sale.
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    • $550,000
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      Residential Land in Keego Harbor

      Vacant land available in Keego Harbor, Michigan.
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    • Contact for pricing
      3,683 SF

      Freestanding Building on Orchard Lake Road

      3,683 SF building on 0.39 acres with ample parking.
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    • $950,000
      7,000 SF

      Keego Harbor Office Building

      7,000 SqFt office building with 7.42% CAP rate.
      3297 Orchard Lake Rd, Keego Harbor, MI 48320
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      2,448 SF

      Keego Harbor Freestanding Building

      Freestanding building on Orchard Lake Road, suitable for auto repair.
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    Similar Nearby for Lease

    • Contact for pricing

      Land Available For Lease

      Land available for lease at 2000 Orchard Lake Rd.
      2000 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
    • $7 SF/Yr
      20,175 SF

      Keego Harbor Industrial Manufacturing Space

      20,175 SF Manufacturing/Distribution Space Available
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    • Contact for pricing

      Premium Retail Space in Keego

      High-visibility retail space at a high-traffic intersection.
      2965 Orchard Lake Rd, Keego Harbor, MI 48320
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    • $15 SF/Yr
      2,573 SF

      Sylvan Lake Retail Building For Sale

      Prime Orchard Lake Road location, 2,573 sq ft, ideal for owner-user.
      2267 Orchard Lake Rd, Sylvan Lake, MI 48320
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    • Contact for pricing

      Orchard Lake Road Retail Space

      Retail space available for lease on Orchard Lake Road.
      2655-2683 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
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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
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    2000 Orchard Lake Rd, Sylvan Lake, MI, 48320

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