New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,380,000
Banks
37000 Woodward Ave Ste 100, Bloomfield Hills, MI 48304-0924
Entity Owned
2-yr Hold
Free & Clear
Property ID
US43-1420156
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Total area
64,224 SF
Lot
2.43 ac (105,851 SF)
Zoning code
BI
APN
C -19-25-126-001
UPID
US43-1420156
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
$5.38M
Blend (final)
Blend
$5.38M
Owner & transaction history
Fls Properties 4 LLC · 2 yrs held
Fls Properties 4 LLC
since 2023
7 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.8M
+30.8%
Restaurant
$8.8M
+30.2%
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
FINANCIAL BUILDING
$6,735,000
Current use
RETAIL STORES
$8,805,000
Change: +31% · Conversion: Difficult
RESTAURANT
$8,765,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$6,415,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,985,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.38M
Range $4.84M – $5.92M · ±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
$84 / 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
$319,617
Tax year 2023
Assessed value
$6,193,500
Assessed 2024
Previous assessed
$6,193,500
+0.0% YoY
Effective rate
5.16%
On assessed value
Total market value
$12,387,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Heating
ZONE
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
64,224 SF
Lot
2.43 ac (105,851 SF)
Zoning code
BI
APN
C -19-25-126-001
UPID
US43-1420156
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
FINANCIAL BUILDING Current
Est. value
$6.7M
RETAIL STORES
Est. value
$8.8M
RESTAURANT
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$6.4M
AUTO REPAIR, GARAGE
Est. value
$6.0M
FINANCIAL BUILDING Current
RETAIL STORES
RESTAURANT
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
2011
Heating
ZONE
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Fls Properties 4 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
37000 WOODWARD AVE STE #100, BLOOMFIELD HILLS, MI 48304-0924
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 26, 2023
—
Fls Properties 4 LLC
Fls 4 Delaware LLC
Intrafamily Transfer
related
—
Apr 21, 2014
—
Fls #4 Delaware LLC
Fls Properties #4 LLC
Quit Claim Deed
related
$16,200,000 · Starwood Mortgage Capital LLC
May 9, 2007
$5,900,000
Fls Properties 4 LLC
Perimeter Properties LLC
Deed Of Trust
$5,310,000 · Monroe Bank & Trust
—
—
Perimeter Properties LLC
—
Deed Of Trust
related
$3,500,000 · Standard Federal Bank
—
—
Fls Properties 4 LLC
—
Deed Of Trust
related
$500,000 · Huntington National Bank
—
—
Fls Properties 4 LLC
—
Loan Modification
related
$14,933,750 · Huntington National Bank
—
—
Fls Properties 4 LLC
—
Deed Of Trust
related
$15,000,000 · Huntington National 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?”
You own 37000 Woodward Ave Ste, Unit 100?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
