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    24233 Orch Lk Rd Farmington Hills, MI 48336-1915

    • Grocery and convenience stores
    • 4,344 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    Jan 22, 2025
    Location Intelligence
    Property ID
    US43-1298927
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 24233 Orch Lk Rd

    Year built
    1953
    Lot size
    0.26 lot acres
    Property size
    4,344 SF
    Zone code
    BI
    Property type
    Grocery and convenience stores
    APN
    22-23-22-476-044
    APU
    222322476044

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmington Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3579
    Latitude
    42.4709
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,544
    $45,000
    $162,960
    $207,960
    -
    $90,000
    $325,920
    $415,920

    Comparable in this City

    • Value Estimation by Request
      4,700 SF

      22804 Orch Lk Rd

      GROCERY, SUPERMARKET • 4,700 SF
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    • Value Estimation
      $1,805,000
      1,662 SF

      29420 10th Mile Rd

      GROCERY, SUPERMARKET • 1,662 SF
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    • Value Estimation
      $200,000
      3,545 SF

      22595 Middlebelt Rd

      GROCERY, SUPERMARKET • 3,545 SF
      22595 Middlebelt Rd, Farmington Hills, MI 48336-3745
      View Details
    • Value Estimation
      $220,000
      2,022 SF

      22200 Middlebelt Rd

      GROCERY, SUPERMARKET • 2,022 SF
      22200 Middlebelt Rd, Farmington Hills, MI 48336-4935
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    • Value Estimation by Request
      5,082 SF

      32340 Grand Riv Ave

      GROCERY, SUPERMARKET • 5,082 SF
      32340 Grand Riv Ave, Farmington, MI 48336-3202
      View Details
    • Value Estimation
      $995,000
      2,574 SF

      22069 Farmington Rd

      GROCERY, SUPERMARKET • 2,574 SF
      22069 Farmington Rd, Farmington, MI 48336-4419
      View Details

    Similar Nearby for Sale

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      Two-unit retail building on busy Grand River Avenue corridor.
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      Prime Farmington Hills Storefront

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    Similar Nearby for Lease

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      4,668 SF

      Retail Space in Farmington Center

      Retail space available in shopping center at Grand River.
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    • $1,200 /Mo
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      Farmington Commercial Space For Lease

      Office or retail space in high-traffic area, $1,200/month NNN.
      24062 Orchard Lake Rd, Farmington, MI 48336
      View Details
    • Contact for pricing
      19,968 SF

      Retail Space in Farmington Hills

      Retail property with 19,968 square feet available for lease.
      28575 Grand River Ave, Farmington Hills, MI 48336
      View Details
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    Farmington Hills, MI 48336-1915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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