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    Property profile & analytics

    5840 Lorac Dr, Unit 5850 Clarkston, MI 48346-2915

    • Office buildings
    • 18,264 SF
    • 2.27 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US43-0870707
    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

    • FranNet of Oakland County/Mid-Michigan / Business Development Service
    • Harry Mc Millen / Attorney
    • Success Mortgage Partners / Mortgage Lender

    Property Details for 5840 Lorac Dr

    Year built
    1995
    Lot size
    2.27 lot acres
    Property size
    18,264 SF
    Zone code
    O
    Property type
    Office buildings
    APN
    J -08-29-454-010
    APU
    J0829454010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarkston
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4141
    Latitude
    42.7229
    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
    $64,884
    $244,400
    $1,228,100
    $1,472,500
    -
    $488,800
    $2,456,200
    $2,945,000

    Comparable in this City

    • Value Estimation by Request
      4,158 SF

      31 Main St

      OFFICE BUILDING • 4,158 SF
      31 Main St, Clarkston, MI 48346-1559
      View Details
    • Value Estimation by Request
      31,057 SF

      20 Washington St Ste, Unit 15

      OFFICE BUILDING • 31,057 SF
      20 Washington St Ste, Clarkston, MI 48346-1576
      View Details
    • Value Estimation by Request
      5,588 SF

      32 Main St

      OFFICE BUILDING • 5,588 SF
      32 Main St, Clarkston, MI 48346-1526
      View Details
    • Value Estimation
      $460,000
      7,006 SF

      5885 Main St

      OFFICE BUILDING • 7,006 SF
      5885 Main St, Clarkston, MI 48346-2981
      View Details
    • Value Estimation
      $385,000
      4,104 SF

      5900 Main St, Unit 2

      OFFICE BUILDING • 4,104 SF
      5900 Main St, Clarkston, MI 48346-2378
      View Details
    • Value Estimation
      $255,000
      1,282 SF

      4950 Sashabaw Rd

      OFFICE BUILDING • 1,282 SF
      4950 Sashabaw Rd, Clarkston, MI 48346-3846
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Newer Office Buildings For Rent

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      Office space available with ample parking and high visibility.
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    • $19 SF/Yr
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      Clarkston Office Space For Rent

      Office suite with dedicated entrance, kitchenette, and fireplace.
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    • Contact for pricing
      2,847 SF

      Clarkston Office Space for Lease

      Prime Oakland County Office, 2,847 SF Available
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    • $20 SF/Yr
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      Turn-Key Office and Medical Space

      2,582 SF office/medical space in Clarkston, seconds from I-75.
      6507 Town Center Dr, Clarkston, MI 48346
      View Details
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    Clarkston, MI 48346-2915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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