Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    38505 Woodward Ave Bloomfield Hills, MI 48304

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A office building in prestigious Bloomfield Hills location.

    Property Features for 38505 Woodward Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Aaron Smith
    Aaron Smith
    Source: Crexi

    Listing Agency: L. Mason Capitani Listing Agent: Aaron Smith

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

    Learn more

    Overview

    Bloomfield Hills Class A Office

    This is a Class A office building located in Bloomfield Hills, at the intersection of Woodward Avenue and Lone Pine Road. The property is under new ownership and management and offers garage parking.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2303039
    Latitude
    42.5665581

    Nearby Similar for Lease

    • $700 /Mo
      225 SF

      Bloomfield Hills Professional Office Space

      Professional office spaces available for lease in Bloomfield Hills, MI.
      2242 Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $450 /Mo
      108 SF

      Professional Offices For Lease

      Professional office spaces available for lease in Bloomfield Hills, MI.
      2242 Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $600 /Mo
      200 SF

      Bloomfield Hills Professional Office Space

      Professional office spaces for lease in Bloomfield Hills, Michigan.
      2242 Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $100 SF/Yr

      Freestanding Bank Branch with Drive-Thru

      Former bank branch with drive-thru in affluent residential community.
      35 W Long Lake Rd, Bloomfield Hills, MI 48304
      View Details
    • Contact for pricing

      Class A Bloomfield Hills Office

      Class A office complex in Bloomfield Hills with recent renovations.
      40900 Woodward Ave, Bloomfield Hills, MI 48304
      View Details
    • $14 SF/Yr

      Bloomfield Hills Office Space Available

      Office suites for medical and professional users in Bloomfield Hills.
      44060 Woodward Ave, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Bloomfield Hills Executive Suites

      Frank Lloyd Wright style office suites in desirable location.
      7457 Franklin Rd, Bloomfield Hills, MI 48301
      View Details
    • $21 SF/Yr

      Class A Office with Views

      Class A office space with lakefront views available for lease.
      1760 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Bloomfield Hills Office Space Available

      Office space in a centralized location with high visibility.
      Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Class A Office in Bloomfield

      Prestigious office space in an enviable Bloomfield Hills location.
      41000 Woodward Ave, Bloomfield Hills, MI 48304
      View Details
    • Contact for pricing

      Bloomfield Hills Office Space

      Office space available for rent in Bloomfield Hills, Michigan.
      44004 Woodward Ave, Bloomfield Hills, MI 48302
      View Details
    • $15 SF/Yr
      3,600 SF

      Bloomfield Hills Office Space Available

      Office space available for lease in Bloomfield Hills, Michigan.
      390 Enterprise Ct, Bloomfield Hills, MI 48302
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office building in prestigious Bloomfield Hills location.
    Where is this office building located?
    The property is located at 38505 Woodward Ave Bloomfield Hills, MI.
    What are key features of this property?
    This property features: - Class “A” office building; - Prestigious Bloomfield Hills location; - Under new ownership and management
    (248) 637-3515
    Request Owner's contact information
    38505 Woodward Ave Bloomfield Hills, MI 48304
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    38505 Woodward Ave
    Bloomfield Hills, MI 48304
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    38505 Woodward Ave Bloomfield Hills, MI 48304
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aaron Smith
    Aaron Smith
    Real Estate License ID: 6501377543
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!