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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail space
2005 Orch Lk Rd Sylvan Lake, MI 48320-1746
Entity Owned
7-yr Hold
Free & Clear
Property ID
US43-1402192
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
10,351 SF
Lot
0.76 ac (33,106 SF)
Zoning code
BI
APN
C -19-06-151-015
UPID
US43-1402192
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bluestar Inc Factory Production Facility
-
Pillar Construction Company, LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$950k
Owner & transaction history
J Orchard Properties 11 LLC · 7 yrs held
J Orchard Properties 11 LLC
since 2018
5 recorded transactions
Zoning & alternative use
BI · Sylvan Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sylvan Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sylvan Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$15,722
Tax year 2023
Assessed value
$351,470
Assessed 2024
Previous assessed
$335,790
+4.7% YoY
Effective rate
4.47%
On assessed value
Total market value
$702,940
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
YES
Buildings
4
Stories
1
Units
1
Total area
10,351 SF
Lot
0.76 ac (33,106 SF)
Zoning code
BI
APN
C -19-06-151-015
UPID
US43-1402192
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Sylvan Lake, MI
Zoning BI · permitted uses
BI · Sylvan Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sylvan Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
YES
Stories
1
Buildings
4
Units
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
J Orchard Properties 11 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2005 ORCH LK RD STE #110, SYLVAN LAKE, MI 48320-1746
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
—
Orchard Properties II LLC
—
Deed
related
$675,000 · Choiceone Bank
Dec 18, 2018
—
J Orchard Properties 11 LLC
J Orchard Properties LLC
Quit Claim Deed
related
—
Dec 14, 2018
—
LP Sylvan Lake Properties LLC
Patrick Kattoo
Quit Claim Deed
related
—
Aug 31, 2018
—
J Orchard Properties LLC
United Radio INC
Grant Deed
—
Apr 5, 2006
—
United Radio INC
Edward G Cassar SR LLC
Warranty Deed
$813,000 · North Side Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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