Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7031 Orch Lk Rd West Bloomfield Township, MI 48322

    • Retail properties
    • 42,000 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 7031 Orch Lk Rd

    Property size
    42,000 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional commercial property, located at 7031 Orchard Lake Rd in West Bloomfield Township, Michigan, offers a prime opportunity for businesses seeking executive office space. The Crown Center building boasts a total of 42,000 square feet, with multiple tenancy options available. Currently, there are 6,221 square feet of vacant space ready for immediate occupancy, divisible into units ranging from a minimum of 1,456 square feet to a maximum contiguous space of 4,765 square feet. The building's versatile design caters to a variety of business needs, making it ideal for both small and expanding companies. Ample parking is provided with 180 spaces available for tenants and their clients. The property is conveniently situated in Oakland County, Michigan, with easy access to major roadways, ensuring convenient commuting for employees and clients alike. The building's classification includes both retail and office space, reflecting its adaptability and potential for diverse uses. This is a rare opportunity to secure high-quality office space in a desirable West Bloomfield Township location. The zip code is 48322.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3592
    Latitude
    42.5352

    Comparable in this City

    • Value Estimation by Request
      9,888 SF

      5731 Maple Rd

      Medical offices • 9,888 SF
      5731 Maple Rd, West Bloomfield Township, MI 48322
      View Details
    • Value Estimation by Request
      19,885 SF

      5745 Maple Rd

      Medical offices • 19,885 SF
      5745 Maple Rd, West Bloomfield Township, MI 48322
      View Details
    • Value Estimation by Request
      40,505 SF

      6875-6931 Orch Lk Rd

      Neighborhood centers • 40,505 SF
      6875-6931 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • Value Estimation by Request
      96,822 SF

      Maple Rd

      Retail properties • 96,822 SF
      0 Maple Rd, West Bloomfield Township, MI 48322
      View Details
    • Value Estimation by Request
      32,000 SF

      Maple And Farmington Rd

      Medical offices • 32,000 SF
      0 Maple And Farmington Rd, West Bloomfield Township, MI 48322
      View Details
    • Value Estimation by Request
      58,000 SF

      5793-5839 Maple Rd

      Medical offices • 58,000 SF
      5793-5839 Maple Rd, West Bloomfield Township, MI 48322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,412 SF

      West Bloomfield Office Park

      Two-building office park with convenient parking and main road signage.
      7011-7013 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      32,000 SF

      West Bloomfield Medical Office Building

      Class A Medical Office Space for Sale/Lease
      0 Maple And Farmington Rd, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      22,023 SF

      Orchard Lake Road Retail Space

      High-traffic retail storefront, 22,023 SF.
      6644 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • $110,000

      Land For Sale

      Land available for purchase.
      0000 Blue Jay Way, West Bloomfield, MI 48322
      View Details
    • $1,100,000
      2.18 Acres

      Haggerty Road Commercial Land

      2.18 Acres, Prime Commercial Location
      0 Haggerty Rd, Commerce Charter Township, MI 48322
      View Details
    • $455,000

      West Bloomfield Brick Ranch Condo

      Elegant brick ranch condo in a prestigious gated community.
      7570 Danbury Cir, West Bloomfield, MI 48322
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      42,000 SF

      Crown Center Office Suites for Lease

      West Bloomfield Executive Office Space Available
      7031 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • $20 SF/Yr
      10,400 SF

      Northwestern Hwy Office Space

      West Bloomfield Office: 1700 sq ft Available
      33060 Northwestern Hwy, West Bloomfield Township, MI 48322
      View Details
    • $40 SF/Yr
      40,505 SF

      6875-6931 Orch Lk Rd

      Neighborhood centers • 40,505 SF
      6875-6931 Orch Lk Rd, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      2,500 SF

      Green Ridge Square Retail Space

      West Bloomfield Twp Retail - 2500 SF Available
      2474 Hl Rd, West Bloomfield Township, MI 48322
      View Details
    • Contact for pricing
      33,400 SF

      Potomac Professional Building: West Bloomfield

      Medical Office Suites Available Now
      6450 Farmington Rd, West Bloomfield Township, MI 48322
      View Details
    • $20 SF/Yr
      32,000 SF

      Maple & Farmington Medical Office Space

      West Bloomfield, MI: Class A Medical Office Suites
      0 Maple And Farmington Rd, West Bloomfield Township, MI 48322
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7031 Orch Lk Rd
    West Bloomfield Township, MI 48322
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.