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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Office buildings
3385 Waldon Rd, Lake Orion, MI 48360-1648
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-1812910
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
3,638 SF
Lot
2.33 ac (101,495 SF)
Zoning code
BI
APN
O -09-29-101-018
UPID
US43-1812910
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
Current use
Occupant on record · Public records
-
Orion Family Spinal Center Alternative Medicine Practice
-
Whiter Family Dentistry of Lake Orion Dental Office
-
Dr. Christopher Bennett Alternative Medicine Practice
-
Racquel Malouf Dental Office
-
Miles Lynn Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$606k
Blend (final)
Blend
$545k
Owner & transaction history
3385 Waldon LLC · 3 yrs held
3385 Waldon LLC
since 2022
Last sale
$550,000
6 recorded transactions
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$640,000
+50.2%
Retail stores
$615,000
+43.9%
Medical building
$575,000
+34.6%
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 Lake Orion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Orion 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
$570,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$425,000
Current use
COMMERCIAL (GENERAL)
$640,000
Change: +50% · Conversion: Easy
RETAIL STORES
$615,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$575,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$445,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $550k (Aug 31 2022)
Last sale anchor
$550k
Aug 31 2022
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
$150 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$9,916
Tax year 2021
Assessed value
$262,140
Assessed 2022
Previous assessed
$262,140
+0.0% YoY
Effective rate
3.78%
On assessed value
Total market value
$524,280
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
1979
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
3,638 SF
Lot
2.33 ac (101,495 SF)
Zoning code
BI
APN
O -09-29-101-018
UPID
US43-1812910
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Lake Orion, MI
Zoning BI · permitted uses
BI · Lake Orion, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Orion. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$425,000
COMMERCIAL (GENERAL)
Est. value
$640,000
RETAIL STORES
Est. value
$615,000
MEDICAL BUILDING
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$445,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1979
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
2.33 ac
Current owner
From public records · entity-resolved
3385 Waldon LLC
Entity
Mailing address
PO BOX 3280, MONTROSE, MI 48457-0980
Ownership since
2022
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
Sep 14, 2022
—
Walden Road Re LLC
—
Deed
related
$447,784 · The Huntington National Bank
Aug 31, 2022
—
3385 Waldon LLC
3385 Waldon LLC
Quit Claim Deed
related
—
Aug 30, 2022
$550,000
Waldon Road Re LLC
3385 Waldon LLC
Warranty Deed
$500,000 · The Huntington National Bank
Aug 5, 2021
—
3385 Waldon LLC
—
Deed
related
$202,093 · The Huntington National Bank
Jun 23, 2016
$540,000
3385 Waldon LLC
The Denis A Simmons Restated Revoca
Warranty Deed
$459,000 · Firstmerit Bank NA
Jun 23, 2016
—
Simmons,denis A Living Trust
Simmons,d A
Quit Claim Deed
related
—
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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