Property profile

24381 Orchard Lake Rd Farmington Hills, MI 48336

FOR SALE
Office buildings
Property ID
US43-4817683
4,687 SF 1.26 ac lot Built 1980
Entity Owned Absentee Owner Free & Clear
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For Sale
$1,200,000 4,687 SF
24381 Orchard Lake Rd, Farmington Hills, MI 48336
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Property summary

AI-generated overview

This exceptional 10,000-square-foot medical office building, situated on a spacious 1.26-acre lot in Farmington Hills, Michigan, presents a compelling investment opportunity. Built in 2002 and extensively renovated in 2015, the property boasts a single-story design with a fully renovated basement adding approximately 5,000 square feet of usable space. The interior features high-quality finishes including luxury vinyl plank and ceramic tile flooring. The basement includes a kitchen and full bath complete with a jacuzzi tub. The building is equipped with multiple HVAC zones, a comprehensive sprinkler and security system, and a backup generator, ensuring both comfort and safety. Ample parking is provided with 27 spaces. Its prime location along Orchard Lake Road, a high-traffic thoroughfare with over 20,000 cars daily, offers excellent visibility and accessibility. The property is zoned OS-2 (Office Service 2) and features multiple points of entry, making it ideal for a multi-tenant configuration. The asking price is $1,200,000. The property's APN is 23-22-476-040. This well-maintained building offers a peaceful setting, set back from the road, and represents a strong investment in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 4,687 SF
Lot 1.26 ac (54,973 SF)
Zoning code BI
APN 22-23-22-476-040
UPID US43-4817683

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24381 Orchard Lake Rd Farmington Hills, MI 48336
Farmington Hills metro Census 167000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
$655k
Blend (final) Blend
$1.00M

Owner & transaction history

since 2025
Last sale
$1.1M
7 recorded transactions
2025
Price N/A
2025
$1.1M
2010
Price N/A
2010
Price N/A
2009
$500,000
2008
$485,000
2004
Price N/A

Zoning & alternative use

BI · Farmington Hills, MI
Top alternative use upside
Retail stores $1.2M +110.5%
Commercial (general) $825,000 +51.3%
Medical building $740,000 +35.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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