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    2100 Orch Lk Rd Sylvan Lake, MI 48320-1747

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    2100 Orch Lk Rd Sylvan Lake, MI 48320-1747

    View on Map
    • Drive through restaurants
    • 2,609 SF
    • 0.72 lot acres
    Off-Market
    Last Sale Aug 17, 2023
    Property ID
    US43-0236309
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $565,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baby Buford Holdings / Food Processing Plant

    Property Details for 2100 Orch Lk Rd

    Year built
    1994
    Lot size
    0.72 lot acres
    Property size
    2,609 SF
    Zone code
    BI
    Property type
    Drive through restaurants
    APN
    84-18-01-236-019
    APU
    841801236019

    Description

    This 2,598 square foot, Class A, freestanding fast-food restaurant building is available for sale at $900,000. Located at 2100 Orchard Lake Road in Sylvan Lake, Michigan (zip code 48320), this single-tenant property sits on a 0.72-acre lot and boasts a convenient drive-thru lane, ample parking (30 spaces), and excellent pylon signage. Built in 1994 and renovated in 2018, the building is currently vacant and features a single story. The property benefits from a high-traffic location on Orchard Lake Road, between Telegraph and Middlebelt Roads, with over 32,000 cars passing daily. Nearby businesses include The Home Depot, CVS, Wendy's, and McDonald's, indicating a strong retail corridor. The C-1 zoning allows for a variety of uses. The property is offered as a Net Net Net (NNN) lease. This is a fantastic opportunity for a quick-service restaurant or similar business seeking high visibility and convenient access. The building features 2,598 square feet of space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $619,000
      Market price range: $259k - $620k
      AI Estimate
      $508,000
      Market price range: $218k - $508k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $450,000
      Current use
      COMMERCIAL (GENERAL)
      $460,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $440,000
      Change: -2% Conversion: Easy
      MEDICAL BUILDING
      $410,000
      Change: -9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3267
    Latitude
    42.6138
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,469
    $0.00
    $0.00
    $378,360
    -
    $0.00
    $0.00
    $756,720

    Comparable in this City

    • Value Estimation by Request
      2,010 SF

      2635 Orch Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,010 SF
      2635 Orch Lk Rd, Sylvan Lake, MI 48320-1538
      View Details
    • Value Estimation
      $585,000
      2,697 SF

      2190 Orch Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,697 SF
      2190 Orch Lk Rd, Sylvan Lake, MI 48320-1747
      View Details
    • Value Estimation
      $695,000
      3,213 SF

      2234 Orch Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,213 SF
      2234 Orch Lk Rd, Sylvan Lake, MI 48320-1750
      View Details
    • Value Estimation
      $590,000
      2,718 SF

      2210 Orch Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,718 SF
      2210 Orch Lk Rd, Sylvan Lake, MI 48320-1750
      View Details
    • Value Estimation
      $805,000
      3,966 SF

      2140 Orch Lk Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,966 SF
      2140 Orch Lk Rd, Sylvan Lake, MI 48320-1747
      View Details
    • Value Estimation by Request
      784 SF

      2897 Orch Lk Rd

      RESTAURANT • 784 SF
      2897 Orch Lk Rd, Keego Harbor, MI 48320-1454
      View Details

    Similar Nearby for Sale

    • $950,000
      Pending

      Keego Harbor Catering & Event Facility

      Established catering facility on 1.5 acres in Cass Lake area.
      1985 Cass Lake Rd, Keego Harbor, MI 48320
      View Details
    • Contact for pricing
      2,448 SF

      Keego Harbor Freestanding Building

      Freestanding building on Orchard Lake Road, suitable for auto repair.
      2887 Orchard Lake Rd, Keego Harbor, MI 48320
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    • Contact for pricing
      2,976 SF

      Profitable Market & Deli Business

      Turnkey market and deli business for sale in Keego Harbor.
      3391 Orchard Lake Rd, Keego Harbor, MI 48320
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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
      View Details
    • $550,000
      0.21 Acres

      Residential Land in Keego Harbor

      Vacant land available in Keego Harbor, Michigan.
      1712 Cass Lake Front Rd, Keego Harbor, MI 48320
      View Details
    • $4,500,000
      3,537 SF

      Oakland Industrial Provisioning Center

      High-revenue, turnkey operation in Oakland, MI
      Undisclosed Address, Oakland, MI 48320
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant with Drive-Thru

      Restaurant space with drive-thru and high traffic visibility.
      2635 Orchard Lake Rd, Keego Harbor, MI 48320
      View Details
    • $18 SF/Yr

      Former Restaurant Space Available

      Restaurant space for lease on Orchard Lake Road.
      2440 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
    • 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
      View Details
    • $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
      View Details
    • $18 SF/Yr

      Versatile Retail, Office, Medical Space

      Suites available from 900 to 3,965 SF for lease.
      2807 Orchard Lake Rd, Keego Harbor, MI 48320
      View Details
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    Sylvan Lake, MI 48320-1747
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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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