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    2257 Telegraph Rd Bloomfield Township, MI 48302
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    2257 Telegraph Rd, Bloomfield Township, MI 48302

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    • Retail properties & Spaces
    • 229,506 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 2257 Telegraph Rd

    Property type
    Retail properties & Spaces

    Description

    Bloomfield Town Square, located at 2257 S Telegraph Rd in Bloomfield Hills, MI 48302, offers exceptional retail opportunities in Oakland County. This prominent center boasts a total of 229,506 square feet, with three available spaces ranging from 1,956 to 3,035 contiguous square feet. The property features a total of 1,157 parking spaces, ensuring ample convenience for customers. Currently, 4,991 square feet are vacant, presenting a unique chance for businesses to establish themselves in this thriving location. Situated on Telegraph Road, a major artery connecting Detroit and Bloomfield Hills, Bloomfield Town Square benefits from high visibility and significant traffic volume. The center's strong tenant mix, including established retailers like Dick's Sporting Goods, Costco, and HomeGoods, draws a substantial customer base to the area, creating a vibrant and successful retail environment. This is an excellent opportunity to capitalize on the high-traffic location and affluent demographic of Oakland County. The property is comprised of two total building suites.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Township
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2939
    Latitude
    42.6055

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      1914-1952 Telegraph Rd

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      31.42 Acres

      425 Franklin Rd

      Land
      425 Franklin Rd, Bloomfield Hills, MI 48302
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    • Value Estimation by Request
      0.08 Acres

      Bloomfield Hills, MI 48302

      COMMERCIAL (GENERAL)
      Bloomfield Hills, MI 48302
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    • Value Estimation by Request
      2,400 SF

      1651 Telegraph Rd

      COMMERCIAL (GENERAL)
      1651 Telegraph Rd, Bloomfield Hills, MI 48302-0049
      View Details
    • Value Estimation
      $3,855,000
      28,000 SF

      4107 Telegraph Rd

      RETAIL STORES (PERSONAL SERVICES)
      4107 Telegraph Rd, Bloomfield Hills, MI 48302-2037
      View Details
    • Value Estimation
      $520,000
      3,551 SF

      3915 Telegraph Rd

      FINANCIAL BUILDING
      3915 Telegraph Rd, Bloomfield Hills, MI 48302-1475
      View Details

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      Retail space available in a CVS anchored shopping center.
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      Waterfront Land in Gated Community

      Lakefront lot in Heron Bay, Bloomfield Twp with lake views.
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    Similar Nearby for Lease

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      Former Gym on Telegraph Road

      Two-story former LA Fitness with diverse recreational amenities.
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      Retail Space in Bloomfield Township

      Retail space available in Bloomfield Market Place on Telegraph Rd.
      1914 S Telegraph Rd, Bloomfield Hills, MI 48302
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      3,035 SF

      Retail Space in Bloomfield Hills

      Retail space available in high-traffic Bloomfield Town Square.
      2125 S Telegraph Rd, Bloomfield Hills, MI 48302
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      Bloomfield Hills Office Space Available

      Office space in a centralized location with high visibility.
      Bloomfield Hills, MI 48302
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      2,008 SF

      Medical Office Ready For Rent

      Professional medical office suite available for immediate occupancy.
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    • $700 /Mo
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      Bloomfield Hills Professional Office Space

      Professional office spaces available for lease in Bloomfield Hills, MI.
      2242 Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
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    Bloomfield Township, MI 48302
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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.

    More about this property
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