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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Super regional malls
3232 Orch Lk Rd, Orchard Lake, MI 48324-1633
Entity Owned
26-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-4937535
Property summary
AI-generated overview
This exceptional retail opportunity is located at 3232 Orchard Lake Road in the vibrant Orchard Lake Village, West Bloomfield Township, Oakland County, Michigan, 48324. The property, known as Orchard Lake Commons, offers a total of 51,012 square feet of retail space within a multi-tenant building. Currently, there are two suites available, providing flexible space options for prospective tenants. The minimum divisible space is 1,335 square feet, while the maximum contiguous space available is 2,500 square feet. A total of 3,835 square feet is currently vacant and ready for immediate occupancy. This prime location offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property is situated in Oakland County, a thriving area with a strong local economy and high consumer traffic. This presents a unique chance to establish or expand your retail presence in a desirable and high-traffic location. The property's address is easily accessible and benefits from ample parking. Serious inquiries are encouraged to explore this exceptional retail leasing opportunity.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1963
Total area
52,454 SF
Lot
7.12 ac (310,147 SF)
Zoning code
ZONE 6
APN
56-18-02-451-017
UPID
US43-4937535
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
by Request
Comparable Approach
Comparable
$3.43M
Blend (final)
Blend
$2.57M
Owner & transaction history
Flagstar Bank Fsb · 26 yrs held
Flagstar Bank Fsb
since 2000
6 recorded transactions
Zoning & alternative use
ZONE 6 · Orchard Lake, 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 Orchard Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orchard Lake 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,245,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±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
$49 / 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
$59,013
Tax year 2023
Assessed value
$1,636,210
Assessed 2024
Previous assessed
$1,514,790
+8.0% YoY
Effective rate
3.61%
On assessed value
Total market value
$3,272,420
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1963
Heating
YES
Buildings
9
Stories
1
Units
1
Total area
52,454 SF
Lot
7.12 ac (310,147 SF)
Zoning code
ZONE 6
APN
56-18-02-451-017
UPID
US43-4937535
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
ZONE 6 · Orchard Lake, MI
Zoning ZONE 6 · permitted uses
ZONE 6 · Orchard Lake, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Orchard Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$4.2M
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1963
Heating
YES
Stories
1
Buildings
9
Units
1
Lot
7.12 ac
Current owner
From public records · entity-resolved
Flagstar Bank Fsb
Entity
Mailing address
210 S OLD WOODWARD AVE STE #230, BIRMINGHAM, MI 48009-6169
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2022
—
Orchard Lake Commons LLC
—
Deed
related
$4,500,000 · Isabella Bank
Aug 12, 2011
—
Orchard Lake Commons LLC
—
Deed Of Trust
related
$9,700,000 · Comerica Bank
Jun 6, 2000
$2,188,616
Flagstar Bank Fsb
Orchard Commons Plaza LLC
Trustees Deed
related
—
Sep 23, 1998
—
Orchard Commons Plaza LLC
Orchard Commons Investments
Quit Claim Deed
related
—
—
—
Orchard Commons Plaza LLC
—
Deed Of Trust
related
$2,240,000 · Flagstar Bank Fsb
—
—
Orchard Lake Commons LLC
—
Deed Of Trust
related
$3,165,000 · Comerica 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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