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    2530 Orch Lk Rd Sylvan Lake, MI 48320-1534
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    Property profile & analytics

    2530 Orch Lk Rd Sylvan Lake, MI 48320-1534

    View on Map
    • Super regional malls
    • 10,590 SF
    • 0.78 lot acres
    Off-Market
    Property ID
    US43-1785877
    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.
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Órale / Restaurant

    Property Details for 2530 Orch Lk Rd

    Year built
    1968
    Lot size
    0.78 lot acres
    Property size
    10,590 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    84-18-01-183-024
    APU
    841801183024

    Description

    This exceptional retail property, located at 2530 Orchard Lake Road in Oakland County, offers 3,400 square feet of vacant space, ideally situated between Cass Lake Road and Middlebelt Road. The property boasts excellent visibility and exposure along a busy thoroughfare, benefiting from high traffic counts. The building is zoned C1 (Neighborhood Commercial), providing flexibility for a variety of retail uses. Two spaces are currently available, with a minimum divisible space of 1,538 square feet and a maximum contiguous space of 1,862 square feet. The strategic location benefits from the proximity of Orchard Lake Saint Mary's School and nearby lakes, creating a strong regional draw for customers. Each available space features desirable window frontage, providing ample opportunities for prominent signage and brand visibility. This presents a unique opportunity to join an established and diverse mix of tenants in a high-traffic area. The property's prime location and flexible space options make it an ideal choice for businesses seeking strong visibility and a thriving customer base. This is a rare opportunity to secure a well-positioned retail space in a desirable Oakland County location. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $692,000
      Market price range: $592k - $1.47M
      AI Estimate
      $341,000
      Market price range: $249k - $752k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $855,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sylvan Lake
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3357
    Latitude
    42.6092
    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
    $14,902
    $0.00
    $0.00
    $330,020
    -
    $0.00
    $0.00
    $660,040

    Comparable in this City

    • Value Estimation
      $910,000
      11,562 SF

      2170 Cass Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 11,562 SF
      2170 Cass Lk Rd, Keego Harbor, MI 48320-1274
      View Details
    • Value Estimation by Request
      5,997 SF

      2538 Orch Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 5,997 SF
      2538 Orch Lk Rd, Sylvan Lake, MI 48320-1534
      View Details
    • Value Estimation by Request
      45,897 SF

      2804 Orch Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 45,897 SF
      2804 Orch Lk Rd, Keego Harbor, MI 48320-1449
      View Details
    • Value Estimation
      $575,000
      9,853 SF

      2141 Cass Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 9,853 SF
      2141 Cass Lk Rd, Keego Harbor, MI 48320-1270
      View Details
    • Value Estimation by Request
      5,505 SF

      2985 Orch Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 5,505 SF
      2985 Orch Lk Rd, Keego Harbor, MI 48320-1414
      View Details
    • Value Estimation
      $1,150,000
      13,945 SF

      2440 Orch Lk Rd

      REGIONAL SHOPPING CENTER, MALL • 13,945 SF
      2440 Orch Lk Rd, Sylvan Lake, MI 48320-1654
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Keego Harbor Freestanding Building

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      Profitable Market & Deli Business

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      Pending

      Keego Harbor Catering & Event Facility

      Established catering facility on 1.5 acres in Cass Lake area.
      1985 Cass Lake Rd, Keego Harbor, MI 48320
      View Details
    • $950,000
      7,000 SF

      Keego Harbor Office Building

      7,000 SqFt office building with 7.42% CAP rate.
      3297 Orchard Lake Rd, Keego Harbor, MI 48320
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    • $4,500,000
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      Oakland Industrial Provisioning Center

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    Similar Nearby for Lease

    • Contact for pricing

      Premium Retail Space in Keego

      High-visibility retail space at a high-traffic intersection.
      2965 Orchard Lake Rd, Keego Harbor, MI 48320
      View Details
    • $15 SF/Yr
      2,573 SF

      Sylvan Lake Retail Building For Sale

      Prime Orchard Lake Road location, 2,573 sq ft, ideal for owner-user.
      2267 Orchard Lake Rd, Sylvan Lake, MI 48320
      View Details
    • $18 SF/Yr

      Versatile Retail, Office, Medical Space

      Suites available from 900 to 3,965 SF for lease.
      2807 Orchard Lake Rd, Keego Harbor, MI 48320
      View Details
    • $12 SF/Yr

      Retail/Office Space in Keego Harbor

      Accessible retail or office space in Oakland County's lake area.
      2141 Cass Lake Rd, Keego Harbor, MI 48320
      View Details
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    Sylvan Lake, MI 48320-1534
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    2530 Orch Lk Rd, Sylvan Lake, MI, 48320
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