Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bloomfield Hills Office Suites Available Title is generated by Realmo AI

    2350 Franklin Road, Bloomfield Hills, MI 48302

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Two-story office building with ample parking and professional management.

    Type:Office
    Property size:
    6,603 SF
    Added:
    Sep 25, 2020
    Days on Market:
    2080
    Last Refresh:
    May 12 at 9:07 pm

    Property Features for 2350 Franklin Road

    General Information

    Standard status
    Active
    Size
    6,603 SF
    Property subtype
    Office

    Spaces For Lease

    at 2350 Franklin Road Contact us

    Suite 120 $18/Mo

    Size
    2,949 SF
    Type
    Office
    Suites 120 & 140 can be combined = 6,603 SF
    Contact us

    Suite 140 $18/Mo

    Size
    3,654 SF
    Type
    Office
    Suites 120 & 140 can be combined = 6,603 SF
    Contact us

    We can help!

    Listing Contact
    Kevin Jappaya, CCIM

    Listing agent Kevin Jappaya, CCIM License #6502380656

    Listing office KJ Commercial

    Listing date Sep 25, 2020

    Source Crexi

    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 KJ Commercial

    HighLights

    • Great location near numerous retailers and restaurants
    • Ample parking
    • Minutes from Telegraph Road, Woodward Avenue, and I‑75
    • Suites available from 2,949 - 6,603 SF
    • Clean and well‑maintained building
    • Professional property management

    Overview

    This two-story office building offers suites for rent, ranging in size from 2,949 to 6,603 square feet. The property is well-maintained and features ample parking. Its location provides convenient access to numerous retailers and restaurants. Additionally, the building is situated minutes from Telegraph Road, Woodward Avenue, and I-75. Professional property management is in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -83.2882209
    Latitude
    42.6049956

    Nearby Similar for Lease

    • $30 SF/Yr
      1,541 SF

      Renovated Office Suites with Courtyard

      Renovated office and medical suites with three-sided window exposure, furnished courtyard setting, and ample parking.
      36800 Woodward Avenue, Bloomfield Hills, MI 48304
      View Details
    • $14 SF/Yr
      9,450 SF

      Bloomfield Hills Office Space Available

      Office suites for medical and professional users in Bloomfield Hills.
      44060 Woodward Ave, Bloomfield Hills, MI 48302
      View Details
    • $21 SF/Yr
      4,596 SF

      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
    • $22 SF/Yr

      Remodeled Office Suite with Lake Views

      Modern, remodeled private offices with lake views and strong on-site management in a multi-tenant setting.
      1760 South Telegraph Road, Suite 240, Bloomfield Hills, MI 48302
      View Details
    • $21 SF/Yr
      1,709 SF

      Bloomfield Hills Office Space Available

      Office space available for lease in Bloomfield Hills, Michigan.
      1900 South Telegraph Road, Bloomfield Hills, MI, 48302
      View Details
    • Contact for pricing
      12,811 SF

      Class A Bloomfield Hills Office

      Class A office complex in Bloomfield Hills with recent renovations.
      40900 Woodward Ave, Bloomfield Hills, MI 48304
      View Details
    • $15 SF/Yr
      3,600 SF

      Bloomfield Hills Office Space Available

      Office space available for lease in Bloomfield Hills, Michigan.
      390 Enterprise Court, Bloomfield Hills, MI
      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
    • Contact for pricing

      Bloomfield Plaza Pad Opportunity

      Prominent shopping center pad site in Bloomfield Hills, Michigan.
      4135 W Maple Rd | Bloomfield Hills, MI 48301
      View Details
    • $25 SF/Yr
      155,798 SF

      Bloomfield Hills Office Space

      Office building in Bloomfield Hills, Michigan available for lease.
      100 Bloomfield Hills Parkway, Bloomfield Hills, MI, 48304
      View Details
    • Contact for pricing

      Freestanding Bank Branch with Drive-Thru

      Freestanding former bank branch with drive-thru lane, vaulted first floor, and full basement support spaces for flexible retail, office, or medical use.
      35 West Long Lake Road Bloomfield, Hills, MI 48304
      View Details
    • Contact for pricing
      7,500 SF

      Modern Office/Medical Space For Rent

      Modern office or medical space with high ceilings and parking.
      4062 W Maple Rd, Bloomfield Hills, MI 48301
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with ample parking and professional management.
    Where is this office building located?
    The property is located at 2350 Franklin Road Bloomfield Hills, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Great location near numerous retailers and restaurants; Ample parking; Minutes from Telegraph Road, Woodward Avenue, and I‑75
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kevin Jappaya, CCIM
    Real Estate License ID: 6502380656
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2350 Franklin Road, Bloomfield Hills, MI 48302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!