Entity Owned Property summary
AI-generated overview
This exceptional Class A medical office space, totaling 2,075 square feet, is the last remaining suite in a newly renovated (2024) retail development in Sylvan Lake, Michigan. Located at 2266 Orchard Lake Rd, 48320, this inline space offers a high-visibility location on the northeast corner of Orchard Lake and Middlebelt Roads, an intersection boasting over 32,000 vehicles daily. The property features a total building size of 5,958 square feet, situated on 7.88 acres of land. The building was originally constructed in 1990 and underwent a complete renovation in 2024. This suite is part of a multi-tenant building, offering a collaborative environment alongside established businesses such as Violet Health Infusions Care and MI Health & Wellness Center. Furthermore, the property includes a substantial 2,600 square foot basement for additional storage or expansion. The area boasts strong demographics and high traffic counts, with nearby national retailers including The Home Depot, CVS, McDonald's, and Taco Bell. This is a rare opportunity to secure a prime medical office space in a thriving commercial area. The minimum divisible space is 2,075 square feet, and the maximum contiguous space available is also 2,075 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
6,336 SF
Lot
0.79 ac (34,412 SF)
Zoning code
BI
APN
84-18-01-236-023
UPID
US43-1416104
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.15M
Owner & transaction history
since 2023
6 recorded transactions
Zoning & alternative use
BI · Sylvan Lake, MI
Top alternative use upside
Commercial (general)
$1.1M
+4.4%
Restaurant
$1.1M
+2.6%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 13 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.15M
Value range
$1.03M – $1.26M
±10% around blend
Estimated value / SF
$181 / SF
Confidence
High
13 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$1.03M
blend $1.15M
$1.26M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,336 SF
Lot area
0.79 ac
Year built
1990
Stories
1
APN
84-18-01-236-023
Zoning
BI
Assessed value
$423,780
Annual tax
$19,482
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$304k
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
14.0 mi away · 5,309 SF
15.0 mi away · 7,797 SF
15.0 mi away · 6,120 SF
17.1 mi away · 6,316 SF
19.0 mi away · 6,964 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 385 sales
$169
+7%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $181/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+4%
vs current-use indication
Restaurant
Retail Stores · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
Market rates by use type
PDF export
Professional plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$424k
Move the market yield to see immediate price impact.
Value / SF
$67
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$27k
$534k
$381k
$297k
$30k
$593k
$424k
$330k
$33k
$653k
$466k
$363k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$450k
12.3 mi · Oct 2025 · $76/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$19,482
Tax year 2023
Assessed value
$423,780
Assessed 2024
Previous assessed
$400,950
+5.7% YoY
Effective rate
4.60%
On assessed value
Total market value
$847,560
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1990
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
6,336 SF
Lot
0.79 ac (34,412 SF)
Zoning code
BI
APN
84-18-01-236-023
UPID
US43-1416104
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.79 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BI
Jurisdiction
Sylvan Lake, MI
Recorded code
BI
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for BI in Sylvan Lake, MI.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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