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    Historic Landmark Mixed-Use Opportunity Title is generated by Realmo AI

    1265 Washington Boulevard, Detroit, MI 48226

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    Landmark building offering hotel, office, retail, F&B, and living.

    Property size:
    14,396 SF
    Added:
    Jan 27, 2026
    Days on Market:
    107
    Last Refresh:
    Jan 5 at 9:18 pm

    Property Features for 1265 Washington Boulevard

    General Information

    Standard status
    Active
    Size
    14,396 SF

    Spaces For Lease

    at 1265 Washington Boulevard Contact us

    We can help!

    Listing Contact
    Francisco Prado

    Listing agent Francisco Prado License #RS-77293

    Listing office ENRG Realty

    Listing date Jan 27, 2026

    Source Nmrk

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of ENRG Realty

    HighLights

    • Landmark 38‑story skyscraper designed by renowned architect Louis Kamper.
    • Currently undergoing restoration to offer a boutique hotel, office space, retail, F&B, and private living.
    • Prime location on Washington Boulevard in Detroit.
    • Unique architectural features including an ornate copper roof and a U‑shaped design in the adjacent Book Building for ample natural light.
    • Part of the historic Book Building complex, including the Book Building with 12 sculptures.
    • Various parking options available for tenants.

    Overview

    Completed in 1926 by architect Louis Kamper, this 38-story Italian Renaissance revival building is one of Detroit's tallest and oldest skyscrapers, standing at 475 feet. The adjacent Book Building, also designed by Kamper, features 12 sculptures along the Washington Boulevard facade and has a unique U-shaped design that allows for ample natural light. Currently finalizing restoration, this landmark will offer a boutique hotel, office space, ground floor retail and F&B, as well as private living. The building is a fixture in the skyline, with its ornate copper roof visible for miles. Building tenants have access to various parking options. Combined suites 300 + 330 offer 14,396 RSF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bar Rotunda Bar & Pub Sakazuki Restaurant HIROKI-SAN Restaurant The Aladdin Sane Bar & Pub Anthology Events Hotel & Motel

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Daycare Center Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Detroit
    County
    Wayne
    State
    Michigan
    Longitude
    -83.0515
    Latitude
    42.3335

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    FAQs

    What type of property is this?
    Office units - Landmark building offering hotel, office, retail, F&B, and living.
    Where is this office units located?
    The property is located at 1265 Washington Boulevard Detroit, MI.
    What are key features of this property?
    This property features: Landmark 38‑story skyscraper designed by renowned architect Louis Kamper.; Currently undergoing restoration to offer a boutique hotel, office space, retail, F&B, and private living.; Prime location on Washington Boulevard in Detroit.
    (248) 350-8141
    We can help!
    Listing Contact
    Francisco Prado
    Real Estate License ID: RS-77293
    Learn More
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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.

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