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    Property profile & analytics

    1901 Telegraph Rd Bloomfield Hills, MI 48302-0246

    • Outlet malls
    • 288,124 SF
    OFF-MARKET
    Value Estimations
    $20,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-3110798
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Outlet malls

    Property Details for 1901 Telegraph Rd

    Year built
    2018
    Property size
    288,124 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    64-19-05-151-017
    APU
    641905151017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,632,000
      Market price range: $22.6M - $75.7M
      AI Estimate
      $18,199,000
      Market price range: $18.0M - $62.5M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3041
    Latitude
    42.613
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $421,828
    $0.00
    $0.00
    $7,523,430
    -
    $0.00
    $0.00
    $15,046,860

    Comparable in this City

    • Value Estimation
      $13,900,000
      137,256 SF

      1801 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 137,256 SF
      1801 Telegraph Rd, Bloomfield Hills, MI 48302-0163
      View Details
    • Value Estimation
      $9,465,000
      133,684 SF

      2101 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 133,684 SF
      2101 Telegraph Rd, Bloomfield Hills, MI 48302-0250
      View Details
    • Value Estimation
      $28,910,000
      221,340 SF

      2105 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 221,340 SF
      2105 Telegraph Rd, Bloomfield Hills, MI 48302-0250
      View Details
    • Value Estimation
      $21,200,000
      145,712 SF

      2400 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 145,712 SF
      2400 Telegraph Rd, Bloomfield Hills, MI 48302-0255
      View Details
    • Value Estimation
      $9,425,000
      133,684 SF

      2101 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 133,684 SF
      2101 Telegraph Rd, Bloomfield Hills, MI 48302-0250
      View Details
    • Value Estimation
      $1,590,000
      22,565 SF

      1967 Telegraph Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 22,565 SF
      1967 Telegraph Rd, Bloomfield Hills, MI 48302-0246
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space in Bloomfield Hills

      Shopping center space in upscale Bloomfield Hills neighborhood near hospital.
      43313 Woodward Ave, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Retail Space in CVS Anchored Center

      Retail space available in a CVS anchored shopping center.
      42934 Woodward Ave, Bloomfield Township, MI 48302
      View Details
    • $300,000
      1.00 Acre

      Buildable Lot with Lake Views

      Buildable lot with lake views in Bloomfield Hills, Michigan.
      0003 Klingensmith Rd, Bloomfield Hills, MI 48302
      View Details
    • $950,000
      0.58 Acres

      Bloomfield Hills Lakefront Lot

      Vacant land in gated community with lake views.
      1723 Heron Ridge Dr, Bloomfield Hills, MI 48302
      View Details
    • $525,000
      1.20 Acres

      Bloomfield Waterfront Land Opportunity

      Rare 1+ acre waterfront parcel in Bloomfield's sought-after location.
      00 Mohawk Ct, Bloomfield, MI 48302
      View Details
    • $325,000
      1.00 Acre

      Buildable Lot with Lake Views

      Buildable one-acre lot in Bloomfield Hills with lake views.
      0002 Klingensmith Rd, Bloomfield Hills, MI 48302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
      View Details
    • Contact for pricing

      Former Gym on Telegraph Road

      Two-story former LA Fitness with diverse recreational amenities.
      2050 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $19 SF/Yr
      4,989 SF

      Bloomfield Township Executive Suites

      Premium Office Space, Michigan
      1760 Telegraph Rd, Bloomfield Township, MI 48302
      View Details
    • Contact for pricing

      Bloomfield Hills Office Space

      Office space available for lease in Bloomfield Hills, Michigan.
      1760 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Bloomfield Hills Office Space Available

      Office space for rent in a centralized, convenient location.
      2600 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $18 SF/Yr
      6,603 SF

      Bloomfield Hills Office Space Available

      Office suites available in well-maintained Bloomfield Hills building.
      2350 Franklin Rd, Bloomfield Hills, MI 48302
      View Details
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    1901 Telegraph Rd
    Bloomfield Hills, MI 48302-0246
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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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