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Property profile & analytics
OFF-MARKET Estimated value $840,000
Retail space

3890 Joslyn Rd Lake Orion, MI 48359-1628

7,800 SF 1.4 ac lot Built 1957
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-5202162
Property summary
AI-generated overview

This exceptional 1,100 square foot office space is situated within the Star Market Retail Center in the thriving Lake Orion submarket, specifically the Auburn Hills cluster. Located at the intersection of Joslyn Road and Silverbell Road, this single-tenant property boasts excellent visibility and high traffic counts due to its strategic location near I-75. The building, constructed in 1957, is a one-story structure encompassing a total of 9,167 square feet, with ample parking provided by 30 spaces. The property is classified as both traditional office and medical office space, making it suitable for a variety of uses. The 1.5-acre lot offers significant potential. Currently, 1,100 square feet are available for lease. This space is part of a vibrant neighborhood shopping center, sharing the location with established businesses such as Star Market, Star Vape & Glass, and Tubby's. The property does not include elevators. This presents a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes. The property's location within the established Star Market Retail Center ensures a strong presence within a busy commercial area. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1957
Total area 7,800 SF
Lot 1.4 ac (60,984 SF)
Zoning code BI
APN O -09-28-377-011
UPID US43-5202162
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
  • Star Market (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$930k
Blend (final) Blend
$840k
Owner & transaction history
Balsam Shango LLC · 9 yrs held
Balsam Shango LLC
since 2016
7 recorded transactions
2026
Price N/A
2021
Price N/A
2018
Price N/A
2016
Price N/A
2016
$450,000
2007
$11,515
2007
$70,000
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source ZONING ORDINANCE
Top alternative use upside
Commercial (general) $1.4M +4.4%
Restaurant $1.4M +2.6%
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