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Property profile & analytics
OFF-MARKET
Office buildings
22882 Orch Lk Rd Farmington, MI 48336-3229
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0050666
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Total area
2,836 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
20-23-26-351-001
UPID
US43-0050666
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
-
Medical Equipment Inc Medical Supply Store
-
Hope Physical Therapy & Rehab Physician
-
Michigan Cancer Support Network Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
J & P Leasing LLC · 3 yrs held
J & P Leasing LLC
since 2023
7 recorded transactions
Zoning & alternative use
C2 · Farmington, 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 Farmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,126
Tax year 2023
Assessed value
$172,440
Assessed 2024
Previous assessed
$166,730
+3.4% YoY
Effective rate
5.29%
On assessed value
Total market value
$344,880
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Heating
HOT WATER
Cooling
REFRIGERATOR
Stories
1
Units
1
Total area
2,836 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
20-23-26-351-001
UPID
US43-0050666
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
C2 · Farmington, MI
Zoning C2 · permitted uses
C2 · Farmington, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1966
Heating
HOT WATER
Cooling
Yes
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
J & P Leasing LLC
Entity
Free & Clear · 3 yrs held
Mailing address
20280 PURLINGBROOK ST, LIVONIA, MI 48152-1879
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
J & P Leasing LLC
Jack H Pelon
Quit Claim Deed
related
—
Dec 22, 2022
—
Jack H Pelon
22882 Orchard Lake LLC
Quit Claim Deed
related
—
Oct 21, 2021
—
Orchard Lake LLC
Jack H Pelon
Land Contract
—
Sep 30, 2021
$267,000
Jack H Pelon
Nasrin Asghar
Warranty Deed
—
Sep 10, 2003
$267,000
Nasrin Asghar
Kubin,dale K & Lisa M
Grant Deed
—
Apr 11, 2002
$221,000
Dale K Kubin
Dark Tower LLC
Grant Deed
$165,750 · Metrobank
—
—
Dark Tower LLC
—
Deed Of Trust
related
$75,000 · Metrobank
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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