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Property profile & analytics

28966 Orchard Lake Rd Farmington Hills, MI 48334

  • Strip malls
  • 9,244 SF
  • 0.86 lot acres
Value Estimations
$370,000
Cap Rate Potential
Location Intelligence
Property ID
US43-1608515
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.

Current Use by Public Records

  • Strip malls

Property Details for 28966 Orchard Lake Rd

Year built
1971
Lot size
0.86 lot acres
Property size
9,244 SF
Zone code
BI
Property type
Strip malls
Property subtype
Neighborhood centers
APN
22-23-11-101-013
APU
222311101013

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $420,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $323,000
    Market price range: $187k - $415k

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


Location Insight

  • Map
  • Local Demand
City
Farmington
County
Oakland
State
Michigan
Longitude
-83.3584
Latitude
42.51
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
$21,622
$131,910
$344,430
$476,340
-
$263,820
$688,860
$952,680
More about this property
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