Property profile

2466 Orch Lk Rd Sylvan Lake, MI 48320

OFF-MARKET
Office buildings
Property ID
US43-0246206
2,543 SF 0.53 ac lot Built 1965
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 3,700 square foot Class B office building, situated on a 0.6-acre lot in Sylvan Lake, Michigan, presents a unique owner-user investment opportunity. Built in 1960 and extensively renovated in 2022, the single-story building boasts four private offices, a conference room with kitchenette and custom cabinetry, a granite conference table, and a dedicated game room. Additional storage space is available, and there's room for expansion to add more offices. The property features a professionally landscaped yard with mature red maple trees and a private backyard, providing a tranquil and attractive setting. Ample parking is ensured with 25 spaces on-site. Conveniently located less than a mile from Telegraph Road, with easy access to I-75, this property offers excellent accessibility to surrounding communities including Bloomfield Hills, Bloomfield Township, Birmingham, and Pontiac. The building is zoned for commercial use and is currently configured as a creative/executive office space, but its adaptable layout makes it suitable for conversion to a medical office. The lease commencement date is January 1, 2025. The asking price is $900,000. This is a multi-tenant building with one unit.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Total area 2,543 SF
Lot 0.53 ac (23,087 SF)
Zoning code BI
APN 84-18-01-252-005
UPID US43-0246206

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
  • Property Management Company General Contractor
  • Corporate Office Financial Advisor
  • Real Estate Agency
  • Real Estate Agency

Location

2466 Orch Lk Rd Sylvan Lake, MI 48320-1532
Sylvan Lake metro Census 154000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2022
Price N/A
2022
Price N/A
2021
Price N/A

Zoning & alternative use

BI · Sylvan Lake, 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2466 Orch Lk Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message