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Property profile & analytics
OFF-MARKET
Estimated value
$7,730,000
Office buildings
38525 Woodward Ave Bloomfield Hills, MI 48304-5011
Entity Owned
15-yr Hold
Free & Clear
Property ID
US43-0224790
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Total area
50,894 SF
Lot
3 ac (130,680 SF)
Zoning code
BI
APN
12-19-23-251-024
UPID
US43-0224790
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
$8.48M
Blend (final)
Blend
$7.73M
Owner & transaction history
Edward Rose Lone Office LLC · 15 yrs held
Edward Rose Lone Office LLC
since 2011
3 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$9.0M
+50.2%
Restaurant
$8.8M
+47.6%
Retail stores
$8.6M
+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
$5,970,000
Current use
COMMERCIAL (GENERAL)
$8,965,000
Change: +50% · Conversion: Easy
RESTAURANT
$8,810,000
Change: +48% · Conversion: Moderate
RETAIL STORES
$8,590,000
Change: +44% · Conversion: Moderate
MEDICAL BUILDING
$8,035,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,240,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$7.73M
Range $6.96M – $8.50M · ±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
$194,522
Tax year 2023
Assessed value
$4,610,920
Assessed 2024
Previous assessed
$4,546,150
+1.4% YoY
Effective rate
4.22%
On assessed value
Total market value
$9,221,840
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
Off-Market
Year built
1978
Heating
HOT WATER
Cooling
AC.CHILLED WATER
Buildings
2
Stories
1
Units
1
Total area
50,894 SF
Lot
3 ac (130,680 SF)
Zoning code
BI
APN
12-19-23-251-024
UPID
US43-0224790
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
$6.0M
COMMERCIAL (GENERAL)
Est. value
$9.0M
RESTAURANT
Est. value
$8.8M
RETAIL STORES
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.0M
AUTO REPAIR, GARAGE
Est. value
$6.2M
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
1978
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
3 ac
Current owner
From public records · entity-resolved
Edward Rose Lone Office LLC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 2012, BLOOMFIELD HILLS, MI 48303-2012
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2011
—
Edward Rose Lone Office LLC
Dw Lone Pine LLC
Warranty Deed
—
—
—
Dw Lone Pine LLC
—
Deed Of Trust
related
$7,320,000 · Banc One Mtg Capital Markets
—
—
Dw Lone Pine LLC
—
Deed Of Trust
related
$7,320,000 · Banc One Mortgage Capital Mark
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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