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Property profile & analytics
FOR SALE
Office buildings
40950 Woodward Ave Bloomfield Hills, MI 48304
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US43-0535651
For Sale
1 / 20
$12,665,000
40950 Woodward Ave, Bloomfield Hills, MI 48304
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
127,197 SF
Lot
4.92 ac (214,315 SF)
Zoning code
BI
APN
12-19-10-426-067
UPID
US43-0535651
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
$11.65M
Blend (final)
Blend
$12.67M
Owner & transaction history
Contour Bloomfield LLC · 5 yrs held
Contour Bloomfield LLC
since 2021
Last sale
$16.5M
7 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.1M
+34.6%
Auto repair, garage
$15.6M
+4.5%
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
$16,135,000
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
$14,920,000
Current use
MEDICAL BUILDING
$20,080,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$15,590,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$12.67M
Range $11.40M – $13.93M · ±10% · vs last sale $16.50M (Mar 29 2021)
Last sale anchor
$16.50M
Mar 29 2021
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
$100 / 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
$289,343
Tax year 2023
Assessed value
$4,640,960
Assessed 2024
Previous assessed
$4,640,960
+0.0% YoY
Effective rate
6.23%
On assessed value
Total market value
$9,281,920
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
For Sale
Year built
1984
Heating
ZONE
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
127,197 SF
Lot
4.92 ac (214,315 SF)
Zoning code
BI
APN
12-19-10-426-067
UPID
US43-0535651
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
$14.9M
MEDICAL BUILDING
Est. value
$20.1M
AUTO REPAIR, GARAGE
Est. value
$15.6M
OFFICE BUILDING Current
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
1984
Heating
ZONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
4.92 ac
Current owner
From public records · entity-resolved
Contour Bloomfield LLC
Entity
Mailing address
PO BOX 2910, LIVERMORE, CA 94551-2910
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2021
$2,053,406
Contour Bloomfield LLC
Kenneth Paul Bryan
Warranty Deed
—
Mar 29, 2021
$16,500,000
Lreh Michigan LLC
Contour Bloomfield LLC
Deed
—
Nov 17, 2020
—
Contour Bloomfield LLC
—
Deed
related
$9,125 · Miscellaneous Ins Co
Oct 26, 2015
—
Bryan,shirley Z Family Trust
Woodward Ventures LLC
Quit Claim Deed
related
—
Feb 18, 2003
$19,129
Sterling Bank & Trust Fsb
Kent Buildes Of Michigan INC
Trustees Deed
related
—
—
—
Woodward Ventures LLC
—
Deed Of Trust
related
$8,970,000 · Eastrich No 206 Corp
—
—
Contour Bloomfield LLC
—
Loan Modification
related
$9,125 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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