Property profile

40646 Woodward Ave Bloomfield Hills, MI 48304

OFF-MARKET
Medical Office Space
Property ID
US43-1130186
2,867 SF 0.41 ac lot Built 1995
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1995
Total area 2,867 SF
Lot 0.41 ac (17,860 SF)
Zoning code BI
APN 12-19-14-151-006
UPID US43-1130186

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Spa & Massage Center Alternative Medicine Practice
  • Medical Clinic
  • Dental Office

Location

40646 Woodward Ave Bloomfield Hills, MI 48304-5014
Bloomfield Hills metro Census 152000 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$655k
Blend (final) Blend
$355k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Bloomfield Hills, MI
Top alternative use upside
Commercial (general) $505,000 +11.6%
Retail stores $485,000 +6.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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