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

    43902 Woodward Ave Bloomfield Hills, MI 48302

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

    Office space for rent in Bloomfield Township, near St. Joseph Hospital.

    Property size:
    2,996 SF
    Lot size:
    1.92 Acres

    Property Features for 43902 Woodward Ave

    General Information

    Size
    2,996 SF
    Lot size
    1.92 Acres

    We can help!

    Listing Contact
    Jeff Raitt
    Source: Moodyscre

    Listing Agency: Winston Traitel Listing Agent: Jeff Raitt

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

    Learn more

    Property Insight Report

    Overview

    Bloomfield Township Office Space

    This office space is available for rent in Bloomfield Township. The property offers convenient access to I-75 and M-59. Onsite management is available. Monument signage is also available. The property is located close to St. Joseph Hospital. The space encompasses 2996 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.270025
    Latitude
    42.6109765

    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
    • $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

      Class A Bloomfield Hills Office

      Class A office complex in Bloomfield Hills with recent renovations.
      40900 Woodward Ave, Bloomfield Hills, MI 48304
      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
    • $19 SF/Yr
      60,000 SF

      Three-Story Office Building For Rent

      150,000 sq ft Bloomfield Hills office building for lease.
      41000 Woodward Ave, Bloomfield Hills, MI 48304
      View Details
    • $26 SF/Yr

      Bloomfield Hills Class A Office

      Class A office space in prime Bloomfield Hills location.
      38505 Woodward Ave, Bloomfield Hills, MI 48304
      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
    • $25 SF/Yr
      155,798 SF

      Bloomfield Hills Office Space

      Office building in Bloomfield Hills, Michigan available for lease.
      100 Bloomfield Hills Pkwy, Bloomfield Hills, MI 48304
      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

    FAQs

    What type of property is this?
    Office units - Office space for rent in Bloomfield Township, near St. Joseph Hospital.
    Where is this office units located?
    The property is located at 43902 Woodward Ave Bloomfield Hills, MI.
    What are key features of this property?
    This property features: - Prestigious location in the heart of Bloomfield Township; - Easy access to I-75 & M-59; - Close to St. Joseph Hospital
    (248) 624-7200 Call to check price and availability
    Request Owner's contact information
    43902 Woodward Ave Bloomfield Hills, MI 48302
    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.
    43902 Woodward Ave
    Bloomfield Hills, MI 48302
    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
    43902 Woodward Ave Bloomfield Hills, MI 48302
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Raitt
    (248) 624-7200
    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!