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Property profile & analytics
FOR LEASE
Drive through restaurants
2100 Orch Lk Rd Sylvan Lake, MI 48320-1747
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-0236309
No photos on file
For Lease
$350,000
2100 Orch Lk Rd, Sylvan Lake, MI 48320-1747
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1994
Total area
2,609 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
84-18-01-236-019
UPID
US43-0236309
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
-
Baby Buford Holdings Food Processing Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$620k
Blend (final)
Blend
$350k
Owner & transaction history
Olk Partners LLC · 2 yrs held
Olk Partners LLC
since 2023
5 recorded transactions
Zoning & alternative use
BI · Sylvan Lake, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$460,000
+1.8%
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
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
Blend value · Realmo final
$350k
Range $315k – $385k · ±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
$134 / 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
$18,469
Tax year 2023
Assessed value
$378,360
Assessed 2024
Previous assessed
$366,830
+3.1% YoY
Effective rate
4.88%
On assessed value
Total market value
$756,720
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Lease
Year built
1994
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
2,609 SF
Lot
0.72 ac (31,363 SF)
Zoning code
BI
APN
84-18-01-236-019
UPID
US43-0236309
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Sylvan Lake, MIZoning 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
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$460,000
RETAIL STORES
Est. value
$440,000
MEDICAL BUILDING
Est. value
$410,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1994
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Olk Partners LLC
Entity
Mailing address
29500 TELEGRAPH RD STE #250, SOUTHFIELD, MI 48034-1358
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Aug 17, 2023
—
Olk Partners LLC
Ss Realty LP
Warranty Deed
—
May 8, 2019
$600,000
Ss Realty LP
Vdg Sylvan Lake LLC
Warranty Deed
—
Jul 24, 2015
—
Vdg Sylvan Lake LLC
Swearinger Patricia D Trust
Grant Deed
—
Aug 3, 2005
—
Sovereign Rf LLC
Raheel Realty INC
Grant Deed
$76,032,000 · Capitalsource Finance LLC
Aug 8, 2001
$400,000
Raheel Realty INC
Wells Fargo Bank Minnesota Tte
Grant Deed
$670,000 · Captec Financial Group INC
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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