Property profile

6895 Telegraph Rd Bloomfield Hills, MI 48301

FOR LEASE
Office buildings
Property ID
US43-0265254
10,105 SF 0.77 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,105 square foot, two-story office building in Bloomfield Hills, MI presents a fantastic leasing opportunity. The entire first floor, ranging from 3,584 to 4,250 square feet, is currently vacant and immediately available. This space boasts a minimum divisible area of 4,437 square feet, perfect for a single tenant or multiple smaller occupants. Recent renovations have significantly enhanced the property, including a completely remodeled lobby and entryway, a new high-efficiency HVAC system, new windows, refreshed landscaping, and a resurfaced parking lot. The building also features a new roof, ensuring long-term efficiency and cost savings. With 35 total parking spaces, ample parking is guaranteed for tenants and their clients. The property is strategically located in a high-traffic area, enjoying excellent visibility to over 66,000 vehicles daily on Telegraph Road, and is conveniently situated near a variety of retail establishments and restaurants. The O-1 zoning designation ensures suitability for office use. Multiple points of ingress and egress provide convenient access for tenants and visitors. There is no common area factor, making this a highly efficient and cost-effective option. This is a rare opportunity to secure a beautifully renovated, well-located office space in a thriving community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1977
Total area 10,105 SF
Lot 0.77 ac (33,541 SF)
Zoning code BI
APN C -19-33-152-001
UPID US43-0265254

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Property Management Company
  • Property Management Company
  • Property Management Company

Location

6895 Telegraph Rd Bloomfield Hills, MI 48301
Bloomfield Hills metro Census 150900 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$2.03M

Owner & transaction history

since 2022
Last sale
$2.0M
5 recorded transactions
2022
$2.0M
2017
Price N/A
2000
$100,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Bloomfield Hills, MI
Top alternative use upside
Commercial (general) $1.8M +50.2%
Restaurant $1.8M +47.6%
Retail stores $1.7M +43.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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