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Financial
Distress signals
Property profile

24140 Orch Lk Rd Farmington Hills, MI 48336

OFF-MARKET
Retail space
Property ID
US43-0425224
14,903 SF 1.82 ac lot Built 1999
Last sale Nov 2020 · $5,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a Walgreens pharmacy retail facility located at 24140 Orchard Lake Rd in Farmington Hills, Michigan, occupying the southeast signalized corner of Orchard Lake Road and West 10 Mile Road. It is positioned along Orchard Lake Road and West 10 Mile Road, with recorded traffic volumes of approximately 20,544 vehicles per day on Orchard Lake Road and 10,140 vehicles per day on West 10 Mile Road, for a combined total of about 30,684 vehicles per day. Interstate 696 is less than two…

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?
$42k
Tax billed · 2023
Assessed value · 2024$809k
Assessed land$254k
Assessed improvement$555k
Effective rate5.15%

Value estimate

· Oct 2026
$5.53M
$4.97M – $6.08M
AI approach$5.79M
Submarket $/SF estimate$3.80M

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

Recently sold

What actually traded nearby?
$245/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$79 – $378
Qualifying comparables4

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 agency19.7
Wholesale Shop18.7
Auto Parts Store16.4

Location

24140 Orch Lk Rd Farmington Hills, MI 48336-2557
County assessor Recorded deeds · 6 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

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
22145 Farmington, Farmington, MI 48336-4011 $1,200,000 Oct 2024 3,740 SF
30749 Grand Riv, Farmington, MI 48336-4320 $1,500,000 Jul 2023 4,005 SF
33316 Grand Riv, Farmington, MI 48336-6404 $975,000 Dec 2022 5,460 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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