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Property profile & analytics
OFF-MARKET
Parking lots & garages
38500 Woodward Ave Bloomfield Hills, MI 48304-5047
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US43-1746340
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1981
Total area
66,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
BI
APN
12-19-23-276-011
UPID
US43-1746340
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Baldwin Commons II LLC · 7 yrs held
Baldwin Commons II LLC
since 2019
6 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$105,104
Tax year 2023
Assessed value
$2,410,750
Assessed 2024
Previous assessed
$2,410,750
+0.0% YoY
Effective rate
4.36%
On assessed value
Total market value
$4,821,500
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Units
1
Total area
66,000 SF
Lot
3.4 ac (148,104 SF)
Zoning code
BI
APN
12-19-23-276-011
UPID
US43-1746340
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Bloomfield Hills, MIZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Units
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
Baldwin Commons II LLC
Entity
Mailing address
38500 WOODWARD AVE, BLOOMFIELD HILLS, MI 48304-5047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Klas Development LLC
—
Deed
related
$4,500,000 · First Merchants Bank
Nov 7, 2019
—
Ksp Holdings LLC
—
Deed
related
$4,000,000 · Chemical Bank
Jan 7, 2019
$1,755,000
Baldwin Commons II LLC
Tru Trust 2016 LLC
Grant Deed
—
Jan 12, 2012
—
Klas Dev LLC
Woodward Ents LLC
Grant Deed
—
Apr 1, 1998
—
Held LLC
Hutchins Group LP
Quit Claim Deed
related
—
—
—
Woodward Ents LLC
—
Deed Of Trust
related
$5,000,000 · Morgan Stanley 2000-life-2
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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