Realmo Analytics

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Property profile

23900 Orchard Lake Rd Farmington Hills, MI 48336

FOR SALE
Medical Office Space
Property ID
US43-5283610
10,812 SF 0.84 ac lot Built 1973
Last sale May 2007 · $1,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a 16,218-square-foot, three-level medical/office building with two above-grade stories plus a walkout lower level. It was renovated in 2008 and provides approximately 5,406 rentable square feet per floor, along with basement storage. The building is located in the OS-2 Planned Office Service District and is positioned along Orchard Lake Road at the intersection area of Leelane Street, south of 10 Mile Road. It features wall and monument signage, direct vehicular ingress and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value · 2024$436k
Assessed land$101k
Assessed improvement$335k
Effective rate4.35%

Value estimate

· Oct 2026
$360k
$324k – $396k
Submarket $/SF estimate$1.07M
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$15k
Operating expenses−$12k
NOI · 2.48% cap applied$37k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$158/SF
County average, outlier-cleaned · 91 recorded sales of this use type
Observed band · Q1–Q3$99 – $228
Qualifying comparables4

Cap rate analysis

How does the asset earn?
2.48%
$37k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop17.9
Realty agency17.5
Auto Parts Store15.5

Location

23900 Orchard Lake Rd Farmington Hills, MI 48336
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 17 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22821 Orch Lk, Farmington, MI 48336-3230 $1,200,000 Dec 2025 2,892 SF
23020 Power, Farmington, MI 48336-3247 $740,000 Oct 2019 2,676 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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