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Property profile & analytics
FOR LEASE
Office buildings
121 W Long Lake Rd Bloomfield Hills, Bloomfield Hills, MI 48304
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US43-1820220
For Lease
$25 SF/Yr
121 W Long Lake Rd,Unit Bloomfield Hills, Bloomfield Hills, MI 48304
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Total area
18,060 SF
Lot
1.43 ac (62,291 SF)
Zoning code
BI
APN
12-19-15-277-008
UPID
US43-1820220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$2.74M
Owner & transaction history
Long Lake Office LLC · 28 yrs held
Long Lake Office LLC
since 1998
7 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.2M
+50.2%
Restaurant
$3.1M
+47.6%
Retail stores
$3.1M
+43.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bloomfield Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,120,000
Current use
COMMERCIAL (GENERAL)
$3,180,000
Change: +50% · Conversion: Easy
RESTAURANT
$3,125,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$3,050,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$2,850,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,215,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$152 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,719
Tax year 2023
Assessed value
$1,431,800
Assessed 2024
Previous assessed
$1,421,050
+0.8% YoY
Effective rate
3.96%
On assessed value
Total market value
$2,863,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1998
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
18,060 SF
Lot
1.43 ac (62,291 SF)
Zoning code
BI
APN
12-19-15-277-008
UPID
US43-1820220
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Bloomfield Hills, MI
Zoning BI · permitted uses
BI · Bloomfield Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$3.2M
RESTAURANT
Est. value
$3.1M
RETAIL STORES
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.43 ac
Current owner
From public records · entity-resolved
Long Lake Office LLC
Entity
Mailing address
121 W LONG LK RD FL #3, BLOOMFIELD HILLS, MI 48304-2716
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2016
—
Long Lake Office LLC
—
Deed
related
$1,700,000 · Miscellaneous Ins Co
Jun 16, 1998
—
Long Lake Office LLC
—
Grant Deed
related
$2,470,000 · First Of America Bank
May 13, 1998
—
Long Lake Office LLC
Bloomfield Pond Estates LP
Trustees Deed
related
—
—
—
Long Lake Office LLC
—
Deed Of Trust
related
$620,000 · First Of America Bank
—
—
Long Lake Office LLC
—
Deed Of Trust
related
$2,185,999 · Pnc Bank
—
—
Long Lake Office LLC
—
Deed Of Trust
related
$1,700,000 · Miscellaneous Ins Co
—
—
Long Lake Office LLC
—
Deed Of Trust
related
$500,000 · First Of America Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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