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Financial
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Property profile

24062 Orch Lk Rd Farmington Hills, MI 48336

OFF-MARKET
Other commercial real estate
Property ID
US43-1645629
1,200 SF 0.17 ac lot Built 1948
Last sale Jun 2018 · $46,400
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Commercial space in Farmington, Michigan, configured for either office or retail use, located within a high-traffic retail and office area. The property comprises approximately 1,200 square feet of interior space and sits on a 0.17-acre lot. Exterior features include a small front parking lot and a garage door, supporting customer or service access. The space is designed to accommodate a net lease structure in which tenants typically cover utilities and related services such as water, sewer, and trash.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$51k
Assessed land$14k
Assessed improvement$37k
Effective rate4.50%

Value estimate

· Oct 2026
$290k
$261k – $319k

Realmo valuation models over county records and 25 qualifying comparable sales.

Recently sold

What actually traded nearby?
$176/SF
County average, outlier-cleaned · 344 recorded sales of this use type
Observed band · Q1–Q3$119 – $256
Qualifying comparables25

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BI
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.0
Wholesale Shop18.7
Auto Parts Store16.4

Location

24062 Orch Lk Rd Farmington Hills, MI 48336-2554
County assessor Recorded deeds · 2 transfers 25 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
23666 Orch Lk, Farmington Hills, MI 48336-2546 $3,500,000 Nov 2024 19,636 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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