28124 Orchard Lake RdFarmington Hills, MI 48334

Property Details for 28124 Orchard Lake Rd

Year built

1984

Lot size

0.88 AC

Property size (Sq ft)

10,727 SF

Zone code

BI

Property type

Office buildings

APN

22-23-11-351-042

APU

222311351042

Description

This exceptional Class A medical office building, situated at 28124 Orchard Lake Road in Oakland County, offers a rare opportunity for medical professionals or office tenants. The single-story, 10,000 square foot building boasts six total suites, with two currently available, ranging from 570 to 4,000 square feet. The property is professionally managed and enjoys a highly visible location on busy Orchard Lake Road, providing excellent accessibility and exposure. Its proximity to 12 Mile Road and I-696 ensures convenient access for patients and employees. The building's "A" classification reflects its high-quality construction and modern amenities. Currently, 570 square feet of space is immediately available, ideal for a smaller practice or office needing a quick move-in. The multiple tenancy structure allows for flexibility in lease terms and space requirements. This is an excellent opportunity to establish or expand your business in a thriving and easily accessible location. The building's single-story design offers convenient access for all tenants and visitors. Don't miss this chance to secure your space in this desirable medical office building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,836,333

  6.5%

  $1,695,077

  7%

  $1,574,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,003,404

  Geo Method

  $1,003,404

• Alternative Use

  Use

  Valuation

  Residential

  $2,101,895

  Hospitality

  $1,925,324

  Educational

  $1,601,847

  Medical

  $1,656,937

  Retail

  $2,491,763

Location Insight

City

Farmington Hills

County

Oakland

State

Michigan

Latitude

42.5026

Longitude

-83.358

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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