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    Property profile & analytics
    OFF-MARKET Estimated value $2,780,000
    Office buildings

    40700 Woodward Ave, Bloomfield Hills, MI 48304-5109

    20,912 SF 0.81 ac lot Built 1966
    Entity Owned 16-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1954553
    Property summary
    AI-generated overview

    This exceptional single-story office building, located at 40700 Woodward Avenue in Bloomfield Hills, Michigan, offers a unique blend of medical and creative office spaces. Built in 1966 and extensively renovated in 2012, the 32,000 square foot building boasts a prime location in Oakland County (APN 19-14-151-005) and features ample parking with 120 spaces. Currently, there are 15,042 square feet of vacant space available, offering flexible lease options for businesses seeking suites of up to 12,000 square feet. The property's versatile design caters to a variety of tenants, making it ideal for both medical practices and creative agencies. Its convenient location on Woodward Avenue provides excellent visibility and accessibility. The building's modern amenities, combined with its rich history, create a unique and desirable workspace. This is a fantastic opportunity to secure prime office space in a thriving Bloomfield Hills community, with easy access to major transportation routes and a wealth of local amenities. The property is zoned for multiple tenants and offers a blend of traditional, medical, and creative office space. Don't miss this chance to establish your business in this well-maintained and strategically located building.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1966
    Total area 20,912 SF
    Lot 0.81 ac (35,284 SF)
    Zoning code BI
    APN 12-19-14-151-005
    UPID US43-1954553
    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
    $3.30M
    Blend (final) Blend
    $2.78M
    Owner & transaction history
    Woodhills Properties LLC · 16 yrs held
    Woodhills Properties LLC
    since 2010
    7 recorded transactions
    2019
    2012
    2011
    2010
    2009
    $10.0M
    2005
    2000
    Zoning & alternative use
    BI · Bloomfield Hills, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $3.7M +50.2%
    Restaurant $3.6M +47.6%
    Retail stores $3.5M +43.9%
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