Property profile

28966 Orch Lk Rd Farmington, MI 48334

OFF-MARKET
Strip malls
Property ID
US43-1608515
9,244 SF 0.86 ac lot Built 1971
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail space, located at 28966-28974 Orchard Lake Rd, Farmington Hills, MI, offers 2,400 square feet of versatile commercial space in a prime location. The single-story building sits on a parcel with APN 2311101013 in Oakland County and is zoned BI, ensuring flexibility for a variety of business types. The property features ample parking, a significant advantage for both tenants and their customers. Its high-visibility location on Orchard Lake Road guarantees substantial foot traffic, providing excellent exposure for any business. The convenient access to major highways and public transportation ensures easy commutes for employees and clients alike. Furthermore, the property offers valuable signage opportunities, allowing businesses to enhance their branding and visibility. Professional property management is in place to support tenant needs, ensuring a smooth and efficient operational experience. This is an unparalleled opportunity for businesses seeking a thriving and accessible location to establish or expand their operations. The property's single-tenancy structure provides a unique opportunity for a business to establish a strong presence in a high-traffic area. This location offers a blend of convenience, visibility, and operational support, making it an ideal choice for a variety of retail businesses.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1971
Total area 9,244 SF
Lot 0.86 ac (37,679 SF)
Zoning code BI
APN 22-23-11-101-013
UPID US43-1608515

Cap rate & NOI

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

Location

28966 Orch Lk Rd Farmington, MI 48334
Farmington metro Census 166600 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$420k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

since 2011
5 recorded transactions
2011
$1.2M
2005
Price N/A
2004
$477,000
2004
Price N/A
1998
Price N/A

Zoning & alternative use

BI · Farmington, 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 28966 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