Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    665 Hulet Dr, Unit 200 Bloomfield Hills, MI 48302-0362

    • Office buildings
    • 4,330 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Dec 15, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-1533256
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 665 Hulet Dr

    Year built
    1965
    Lot size
    0.60 lot acres
    Property size
    4,330 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    C -19-04-351-011
    APU
    C1904351011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2864
    Latitude
    42.6052
    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
    $8,932
    $0.00
    $0.00
    $193,680
    -
    $0.00
    $0.00
    $387,360

    Comparable in this City

    • Value Estimation
      $3,470,000
      39,352 SF

      4190 Telegraph Rd

      OFFICE BUILDING • 39,352 SF
      4190 Telegraph Rd, Bloomfield Hills, MI 48302-2079
      View Details
    • Value Estimation by Request
      5,529 SF

      2242 Telegraph Rd Ste, Unit 200

      OFFICE BUILDING • 5,529 SF
      2242 Telegraph Rd Ste, Bloomfield Hills, MI 48302-0218
      View Details
    • Value Estimation
      $1,090,000
      11,740 SF

      44038 Woodward Ave Ste, Unit 200

      OFFICE BUILDING • 11,740 SF
      44038 Woodward Ave Ste, Bloomfield Hills, MI 48302-5037
      View Details
    • Value Estimation by Request
      3,939 SF

      1275 Sq Lk Rd

      OFFICE BUILDING • 3,939 SF
      1275 Sq Lk Rd, Bloomfield Hills, MI 48302-0845
      View Details
    • Value Estimation
      $1,285,000
      8,825 SF

      1900 Telegraph Rd

      OFFICE BUILDING • 8,825 SF
      1900 Telegraph Rd, Bloomfield Hills, MI 48302-0238
      View Details
    • Value Estimation
      $1,475,000
      5,964 SF

      1263 Sq Lk Rd Ste, Unit 101

      OFFICE BUILDING • 5,964 SF
      1263 Sq Lk Rd Ste, Bloomfield Hills, MI 48302-3520
      View Details

    Similar Nearby for Sale

    • $4,790,000
      31.42 Acres

      South Leesburg Retail Opportunity

      Prime Retail Land, US-27 Access
      425 Franklin Rd, Bloomfield Hills, MI 48302
      View Details
    • $599,000
      2,868 SF

      Updated Condo with Golf Views

      Updated Wabeek condo with golf course and clubhouse views.
      1795 Golf Ridge Dr, Bloomfield Hills, MI 48302
      View Details
    • $525,000
      1.20 Acres

      Bloomfield Waterfront Land Opportunity

      Rare 1+ acre waterfront parcel in Bloomfield's sought-after location.
      00 Mohawk Ct, Bloomfield, MI 48302
      View Details
    • $825,000
      1.83 Acres

      Bloomfield Hills Vacant Land

      1.83 acres of vacant land in Bloomfield Hills, Michigan.
      00 Berkshire Rd, Bloomfield Hills, MI 48302
      View Details
    • $950,000
      0.58 Acres

      Bloomfield Hills Lakefront Lot

      Vacant land in gated community with lake views.
      1723 Heron Ridge Dr, Bloomfield Hills, MI 48302
      View Details
    • $285,000

      High-Sales Dry Cleaner Business

      Established Pontiac Dry Cleaner, Real Estate Included
      0 0000, Bloomfield Township, MI 48302
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      37,151 SF

      Northpointe Medical Office Building

      Bloomfield Twp medical office space for lease.
      2525 Telegraph Rd, Bloomfield Township, MI 48302
      View Details
    • $21 SF/Yr
      43,593 SF

      Bloomfield Hills Executive Office Space

      Premium Office Sublease, 1469 sq ft.
      1760 Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • $19 SF/Yr
      4,989 SF

      Bloomfield Township Executive Suites

      Premium Office Space, Michigan
      1760 Telegraph Rd, Bloomfield Township, MI 48302
      View Details
    • $63 SF/Yr
      14,141 SF

      AmeriCenter Bloomfield Offices

      Flexible Office Suites in Bloomfield Hills
      7 Sq Lk Rd, Bloomfield Township, MI 48302
      View Details
    • $17 SF/Yr
      60,517 SF

      Bloomfield Office Park: Premier Space

      Modern medical & creative office suites available.
      2550 Telegraph Rd, Bloomfield Township, MI 48302
      View Details
    • $16 SF/Yr
      18,000 SF

      Bloomfield Hills Office Space Available

      Prime Office Suites, Ample Parking, Great Location
      2350 Franklin Rd, Bloomfield Township, MI 48302
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    665 Hulet Dr, Unit 200
    Bloomfield Hills, MI 48302-0362
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.