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    6765 Orch Lk Rd West Bloomfield, MI 48322-3422
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    6765 Orch Lk Rd, West Bloomfield, MI 48322-3422

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    • Medical Office Space
    • 3,793 SF
    • 0.43 lot acres
    Off-Market
    Last Sale Dec 15, 2023
    $1,900,000
    Property ID
    US43-1242432
    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.
    Value Estimations
    $1,375,000
    Show details
    Cap Rate Potential
    2.4%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 6765 Orch Lk Rd

    Year built
    1968
    Lot size
    0.43 lot acres
    Zone code
    BI
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    X -18-35-151-001
    APU
    X1835151001

    Description

    This exceptional 2,000 square foot office suite presents a remarkable leasing opportunity in the thriving West Bloomfield Township market. Situated on the ground floor of a well-maintained, multi-tenant building at 6765 Orchard Lake Road, this space offers unparalleled convenience and visibility. The building, constructed in 1968 and extensively renovated in 2022, boasts a Class B designation and features a total of 5,980 square feet across two stories. The suite itself is part of a single-tenant occupancy arrangement, providing privacy and control. Landlords are offering a tenant improvement allowance to customize the space to meet specific business needs. Benefit from high visibility with monument signage on Orchard Lake Road, a major thoroughfare with an impressive 42,849 vehicles per day. The building shares its location with popular local businesses, enhancing the convenience and appeal of the property. This prime location is strategically positioned within a vibrant commercial corridor at the intersection of Orchard Lake Road and Maple Road, surrounded by a wealth of shopping, dining, and business services. Enjoy easy access to major transportation routes, with I-696 less than three miles away. The 0.43-acre lot provides ample space and parking. The property is zoned B3.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $866,000
      Market price range: $377k - $866k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3598
    Latitude
    42.5388
    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
    $21,004
    $0.00
    $0.00
    $423,540
    -
    $0.00
    $0.00
    $847,080

    Comparable in this City

    • Value Estimation
      $580,000
      2,985 SF

      6280 Orch Lk Rd

      MEDICAL BUILDING
      6280 Orch Lk Rd, West Bloomfield, MI 48322-2321
      View Details
    • Value Estimation
      $3,135,000
      16,988 SF

      6525 Maple Rd, Unit 2

      MEDICAL BUILDING
      6525 Maple Rd, West Bloomfield, MI 48322-4302
      View Details
    • Value Estimation
      $23,620,000
      121,382 SF

      6900 Orch Lk Rd

      MEDICAL BUILDING
      6900 Orch Lk Rd, West Bloomfield, MI 48322-3405
      View Details
    • Value Estimation
      $7,150,000
      58,790 SF

      5847 Maple Rd

      MEDICAL BUILDING
      5847 Maple Rd, West Bloomfield, MI 48322
      View Details
    • Value Estimation
      $1,405,000
      7,215 SF

      6635 Daly Rd

      MEDICAL BUILDING
      6635 Daly Rd, West Bloomfield, MI 48322-3410
      View Details
    • Value Estimation
      $765,000
      4,744 SF

      5775 Maple Rd, Unit 2

      MEDICAL BUILDING
      5775 Maple Rd, West Bloomfield, MI 48322-4447
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Bloomfield Office Park

      Two-building office park with convenient parking and main road signage.
      7011-7013 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      32,000 SF

      West Bloomfield Office Building

      32,000 sqft office building for sale.
      Maple And Farmington Rd, West Bloomfield, MI 48322
      View Details
    • $299,900
      0.37 Acres

      Vacant Lot in West Bloomfield

      0.37-acre vacant lot in an exclusive West Bloomfield neighborhood.
      5057 Karachi St West, Bloomfield Twp, MI 48322
      View Details
    • New
      $299,900
      0.34 Acres

      Residential Land in West Bloomfield

      Prime vacant corner lot to build your dream home.
      Apple Blossom Trl West, Bloomfield Twp, MI 48322
      View Details
    • Contact for pricing
      143,776 SF

      Established Retail Asset in West Bloomfield

      143,776 SF retail center in affluent West Bloomfield trade area.
      6303 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • $110,000

      Land For Sale

      Land available for purchase.
      0000 Blue Jay Way, West Bloomfield, MI 48322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6020 W Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      1,216 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6024 W Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      1,231 SF

      West Bloomfield Professional Office Suites

      Medical, dental, and office suites available in West Bloomfield.
      6177 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      2,918 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6016 W Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      3,468 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6018 W Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 5600 Maple Rd, MI.
      5600 Maple Rd West, Bloomfield Township, MI 48322
      View Details
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    West Bloomfield, MI 48322-3422
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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