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Property profile & analytics
OFF-MARKET Estimated value $690,000
Retail space

400 Broadway St Lake Orion, MI 48362-2742

3,756 SF 0.39 ac lot Built 1999
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1579165
Property summary
AI-generated overview

This exceptional 1,200 square foot office space, located in the vibrant Lake Orion area of Oakland County, is perfect for a single tenant. The property is part of a larger 4,000 square foot building and offers a blend of traditional and creative office layouts, making it suitable for a variety of businesses. The space includes two private offices, ideal for individual work or client meetings, and a large open workspace designed to encourage collaboration and teamwork. The layout is flexible and adaptable to suit different business needs. The property boasts excellent visibility from a busy main road, ensuring high traffic and brand awareness. Furthermore, tenants will benefit from access to a shared conference room, providing a professional setting for meetings and presentations without the expense of dedicated space. This is a single-tenant occupancy opportunity in a thriving location. The property type is classified as Traditional Office, Creative Office, and Coworking, reflecting its versatility and suitability for diverse business models. This is an excellent opportunity to establish a strong presence in a desirable location. The space is ready for immediate occupancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1999
Total area 3,756 SF
Lot 0.39 ac (16,988 SF)
Zoning code BI
APN OL-09-11-277-050
UPID US43-1579165
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
  • Liberty Way Realty Real Estate Agency
  • Susan Garbarino, Realtor - Liberty Way Realty Real Estate Agency
  • SUE CAMPBELL - Realtor Real Estate Agency
  • Michael Diluca, Spencer Real Estate Real Estate Agency
  • Home Matters Consulting General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$763k
Blend (final) Blend
$690k
Owner & transaction history
400 S Broadway LLC · 9 yrs held
400 S Broadway LLC
since 2017
5 recorded transactions
2017
$595,000
2004
Price N/A
1999
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
BI · Lake Orion, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $660,000 +4.4%
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