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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Retail space
41 Long Lk Rd Bloomfield Hills, MI 48304-2747
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US43-5203582
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
1,938 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BI
APN
12-19-14-152-001
UPID
US43-5203582
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
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$675k
Owner & transaction history
41 West Long Lake LLC · 2 yrs held
41 West Long Lake LLC
since 2024
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
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
$675,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10% · vs last sale $675k (Aug 9 2024)
Last sale anchor
$675k
Aug 9 2024
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
$348 / 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
$7,874
Tax year 2023
Assessed value
$210,020
Assessed 2024
Previous assessed
$199,080
+5.5% YoY
Effective rate
3.75%
On assessed value
Total market value
$420,040
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
YES
Cooling
YES
Stories
1
Units
1
Total area
1,938 SF
Lot
0.18 ac (7,841 SF)
Zoning code
BI
APN
12-19-14-152-001
UPID
US43-5203582
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Bloomfield Hills, MIZoning 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
Source
code of ordinances
Building & site characteristics
From public records
Year built
1955
Heating
YES
Cooling
Yes
Stories
1
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
41 West Long Lake LLC
Entity
Mailing address
21385 VIRMAR CT, BEVERLY HILLS, MI 48025-4954
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Aug 9, 2024
$675,000
41 West Long Lake LLC
G A Hurst LLC
Warranty Deed
$540,000 · Comerica Bank
Nov 12, 2008
—
G A Hurst LLC
Hurst Gale A Living Trust
Quit Claim Deed
—
Feb 23, 2007
—
Gale A Hurst
Hurst,wendell L
Quit Claim Deed
related
—
Jan 29, 2007
—
G A Hurst LLC
Hurst,wendell L
Quit Claim Deed
—
Jan 29, 2004
$550,000
Wendell L Hurst
William Shea Property LLC
Grant Deed
—
Sep 14, 1999
$500,000
William Shea Prop LLC
Miner Trust
Grant Deed
—
—
—
William Shea Property LLC
—
Deed Of Trust
related
$500,000 · Michigan National Bank
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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