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    6450 Farmington Rd West Bloomfield, MI 48322
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    6450 Farmington Rd, West Bloomfield, MI 48322

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    • Medical Office Space
    • 24,842 SF
    • 3.02 lot acres
    For Lease
    $3,385,000
    View Listing →
    Office Space For Lease For Lease
    $3,385,000

    Office Space For Lease

    Office space available for lease in West Bloomfield, Michigan.

    6450 Farmington Road, West Bloomfield, MI 48322
    View Listing
    Property ID
    US43-0085369
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 6450 Farmington Rd

    Year built
    1980
    Lot size
    3.02 lot acres
    Zone code
    BI
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    X -18-28-400-019
    APU
    X1828400019

    Description

    The Potomac Professional Building, located at 6450 Farmington Road in West Bloomfield Township, Michigan, offers exceptional medical and professional office space. This 33,400 square foot building boasts ample parking with 184 spaces available for tenants and visitors. Currently, there is 32,800 square feet of vacant space available, perfect for a variety of medical or professional practices. Flexible lease options are available, with suites ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,200 square feet. The building is situated in Oakland County, offering convenient access to major roadways and a thriving business community. This prime location in West Bloomfield Township, zip code 48322, provides excellent visibility and accessibility for patients and clients. The building's multiple tenancy structure allows for a diverse and collaborative environment. This is a fantastic opportunity for businesses seeking high-quality, well-located office space in a desirable area. Contact us today to learn more about leasing opportunities and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,146,000
      Market price range: $2.47M - $5.67M
      AI Estimate
      $2,624,000
      Market price range: $1.01M - $4.00M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,920,000
      Current use
      COMMERCIAL (GENERAL)
      $4,375,000
      Change: +12% Conversion: Easy
      RESTAURANT
      $4,300,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $4,195,000
      Change: +7% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Bloomfield
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3817
    Latitude
    42.5437
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $52,002
    $0.00
    $0.00
    $1,576,260
    -
    $0.00
    $0.00
    $3,152,520

    Comparable in this City

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    • Value Estimation
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      5760 Drake Rd

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      5760 Drake Rd, West Bloomfield, MI 48322-1262
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    • Value Estimation
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      24,897 SF

      6079 Maple Rd

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      6079 Maple Rd, West Bloomfield, MI 48322-2283
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    • Value Estimation
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      5,953 SF

      6621 Maple Rd

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      6621 Maple Rd, West Bloomfield, MI 48322-3004
      View Details
    • Value Estimation
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      9,222 SF

      5635 Maple Rd

      MEDICAL BUILDING
      5635 Maple Rd, West Bloomfield, MI 48322
      View Details
    • Value Estimation
      $5,445,000
      41,616 SF

      33200 14th Mile Rd

      MEDICAL BUILDING
      33200 14th Mile Rd, West Bloomfield, MI 48322-3563
      View Details

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      32,000 SF

      West Bloomfield Office Building

      32,000 sqft office building for sale.
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      143,776 SF

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      Community retail asset with value-add opportunities and stable cashflow.
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    • $110,000

      Land For Sale

      Land available for purchase.
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    • $149,000
      0.81 Acres

      West Bloomfield Lakefront Land Parcel

      Lakefront land in West Bloomfield, perfect for building a dream home.
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      Premier Shopping Destination For Sale

      Premier shopping center with national retailers and restaurants.
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      1,000 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
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      1,216 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
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      2,918 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
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      3,468 SF

      West Bloomfield Medical Office Space

      Medical office space for lease in West Bloomfield, Michigan.
      6018 W Maple Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing
      1,231 SF

      West Bloomfield Professional Office Suites

      Medical, dental, and office suites available in West Bloomfield.
      6177 Orchard Lake Rd, West Bloomfield, MI 48322
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 5600 Maple Rd, MI.
      5600 Maple Rd West, Bloomfield Township, MI 48322
      View Details
    View Listing
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    West Bloomfield, MI 48322
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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