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Financial
Distress signals
Property profile

38505 Woodward Ave Bloomfield Hills, MI 48304

FOR LEASE
Commercial land
Property ID
US43-1191665
0.75 ac lot
Last sale May 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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38505 Woodward Ave, Bloomfield Hills, MI 48304 For Lease
$26.50 SF/Yr
38505 Woodward Ave, Bloomfield Hills, MI 48304
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Property summary

AI-generated overview

This exceptional Class A office building, located at 38505 Woodward Avenue in Bloomfield Hills, Michigan, offers a unique blend of executive office, coworking, and creative office spaces. Boasting a total of 82,781 square feet, the property sits on a generous 3.85-acre lot and is zoned O-2 for office use. Built in 1982 and extensively renovated in 2017, the building presents a modern and functional workspace. Currently, there is 688 square feet of vacant space immediately available for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value · 2024$288k
Effective rate3.95%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$176/SF
County average, outlier-cleaned · 344 recorded sales of this use type
Observed band · Q1–Q3$119 – $256

Cap rate analysis

How does the asset earn?
1,268,411.32%
$336k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BV
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant26.5
Building Supply22.6
Auto Repair Shop21.0

Location

38505 Woodward Ave Bloomfield Hills, MI 48304
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 9 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Bloomfield Hills, MI 48304 $2,000,000 Apr 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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