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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Office buildings
28580 Orch Lk Rd, Farmington Hills, MI 48334-2976
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US43-0165055
Property summary
AI-generated overview
Orchards Office Plaza, located at 28580 Orchard Lake Road in Farmington Hills, Michigan, 48334, offers exceptional executive office space within Oakland County's thriving Farmington Hills submarket. This 30,000 square foot building provides multiple tenancy options, with available spaces ranging from a minimum of 1,504 square feet to a maximum contiguous space of 2,500 square feet. Currently, 4,004 square feet of office space is immediately available. The property boasts a highly desirable location, offering easy access to Orchard Lake Road and I-696, ensuring convenient commutes for employees and clients. The building features private window offices, providing a professional and comfortable work environment. For businesses seeking enhanced visibility, building signage opportunities are also available. This is an ideal location for businesses seeking a prestigious address and convenient access to major transportation arteries in the heart of Farmington Hills. The property is categorized as Executive Office and Professional Office space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Total area
32,015 SF
Lot
1.73 ac (75,359 SF)
Zoning code
BI
APN
22-23-11-152-015
UPID
US43-0165055
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$2.24M
Blend (final)
Blend
$2.05M
Owner & transaction history
Concord Investment Group INC · 27 yrs held
Concord Investment Group INC
since 1999
7 recorded transactions
Zoning & alternative use
BI · Farmington Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmington Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmington Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,960,000
6.5%
$1,810,000
7%
$1,680,000
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$64 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$46,216
Tax year 2023
Assessed value
$1,587,630
Assessed 2024
Previous assessed
$1,709,620
-7.1% YoY
Effective rate
2.91%
On assessed value
Assessed land
$248,750
Assessed improvement
$1,338,880
Land market value
$497,500
Improvement market value
$2,677,760
Total market value
$3,175,260
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Stories
1
Total area
32,015 SF
Lot
1.73 ac (75,359 SF)
Zoning code
BI
APN
22-23-11-152-015
UPID
US43-0165055
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Farmington Hills, MI
Zoning BI · permitted uses
BI · Farmington Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmington Hills. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Stories
1
Lot
1.73 ac
Current owner
From public records · entity-resolved
Concord Investment Group INC
Entity
Mailing address
28580 ORCH LK RD STE #110, FARMINGTON HILLS, MI 48334-2988
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2021
—
Sc Orchard Office Center LLC
—
Deed
related
$2,000,000 · Symetra Life Insurance Co
Jul 11, 2002
—
Sc Orchard Center LLC
—
Trustees Deed
related
$3,100,000 · Huntington National Bank
Apr 12, 1999
—
Concord Investment Group INC
One Orchard Plaza Assoc
Grant Deed
related
—
—
—
Sc Orchard Office Center LLC
—
Deed Of Trust
related
—
—
—
Sc Orchard Office Center LLC
—
Deed Of Trust
related
$2,528,235 · Miscellaneous Ins Co
—
—
Sc Orchard Office Center LLC
—
Deed Of Trust
related
$3,300,000 · Auto-owners Life Insurance Co
—
—
Concord Investment Group INC
—
Deed Of Trust
related
$2,070,000 · Huntington National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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