Property profile

24423 Orch Lk Rd Farmington Hills, MI 48336

OFF-MARKET
Commercial real estate
Property ID
US43-0289589
2,626 SF 2.07 ac lot Built 1940
Individually Owned 25-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Total area 2,626 SF
Lot 2.07 ac (89,995 SF)
Zoning code RI
APN 22-23-22-476-039
UPID US43-0289589

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Daycare Center

Location

24423 Orch Lk Rd Farmington Hills, MI 48336-1919
Farmington Hills metro Census 167000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2001
7 recorded transactions
2001
$258,000
1998
$193,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RI · Farmington Hills, MI

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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