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    7 W Square Lake Rd Bloomfield Twp, MI 48302
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    Property profile & analytics

    7 W Square Lake Rd, Bloomfield Twp, MI 48302

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    • Office buildings
    • 14,458 SF
    • 1.25 lot acres
    For Lease
    $67 SF/Yr
    View Listing →
    Bloomfield Township Office Space Available For Lease
    $67 SF/Yr

    Bloomfield Township Office Space Available

    First-class office business center designed for small office users.

    7 W Square Lake Rd, Bloomfield Twp, MI 48302
    View Listing
    Property ID
    US43-1001262
    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

    • Office buildings

    Property Details for 7 W Square Lake Rd

    Year built
    1988
    Lot size
    1.25 lot acres
    Zone code
    BI
    Property type
    Office buildings
    APN
    C -19-10-101-026
    APU
    C1910101026

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 12, 2024 — Americenter Of Bloomfield LLC — Deed · related $2.7M · Standard Insurance Co
    Oct 8, 1999 — Americenter Of Bloomfield L P — Grant Deed · related $186k · Flagstar Bank Fsb
    — — Americenter Of Bloomfield — Deed Of Trust · related $2.6M · Pnc Bank
    — — Americenter Of Bloomfield LP — Deed Of Trust · related $2M · Flagstar Bank Fsb

    Description

    Discover AmeriCenter of Bloomfield, a single-story, 14,141 square foot office building situated on 1.25 acres in Oakland County. Built in 1987 and renovated in 2000, this Class B property offers a variety of office spaces, including executive, coworking, traditional, creative, and medical options. The building features 46 suites, ranging from a minimum of 144 square feet to a maximum contiguous space of 500 square feet. Amenities include 54 parking spaces, a beautifully furnished lobby and reception area, 24/7 access, and a convenient location minutes from I-75 and major cities like Birmingham, Rochester, Pontiac, and Auburn Hills. Additional features include high-speed internet, mail handling, package delivery, complimentary coffee and tea, a kitchen with microwave and refrigerator, all utilities included, and nightly cleaning services. Flexible lease terms, including short-term options, are available. The property is zoned BI and has an APN of C-19-10-101-026. The ceiling height is 8 feet. While there are no elevators, the single-story design ensures easy accessibility. This is an excellent opportunity for businesses seeking a well-maintained, amenity-rich office space in a prime location. Various workspace options are available, including private offices, team suites, virtual offices, business mailing addresses, and meeting spaces.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,055,000
      Market price range: $1.03M - $2.41M
      AI Estimate
      $725,000
      Market price range: $452k - $1.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2656
    Latitude
    42.603
    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
    $16,937
    $0.00
    $0.00
    $420,240
    -
    $0.00
    $0.00
    $840,480

    Comparable in this City

    • Value Estimation
      $2,140,000
      17,342 SF

      1668 Telegraph Rd

      OFFICE BUILDING
      1668 Telegraph Rd, Bloomfield Hills, MI 48302-0010
      View Details
    • Value Estimation
      $2,340,000
      26,396 SF

      4111 Andover Rd Ste 100e

      OFFICE BUILDING
      4111 Andover Rd Ste 100e, Bloomfield Township, MI 48302-1921
      View Details
    • Value Estimation
      $2,360,000
      16,736 SF

      500 Hulet Dr

      OFFICE BUILDING
      500 Hulet Dr, Bloomfield Hills, MI 48302-0316
      View Details
    • Value Estimation
      $1,220,000
      12,716 SF

      2365 Franklin Rd

      OFFICE BUILDING
      2365 Franklin Rd, Bloomfield Hills, MI 48302-0333
      View Details
    • Value Estimation
      $700,000
      4,963 SF

      2425 Franklin Rd Ste B

      OFFICE BUILDING
      2425 Franklin Rd Ste B, Bloomfield Hills, MI 48302-0464
      View Details
    • Value Estimation
      $600,000
      5,406 SF

      645 Hulet Dr

      OFFICE BUILDING
      645 Hulet Dr, Bloomfield Hills, MI 48302-0362
      View Details

    Similar Nearby for Sale

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      Almost an acre buildable lot with lake views.
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    • New
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      Waterfront Land in Gated Community

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      Bloomfield Twp Half-Acre Lot

      Spacious lot in desirable Bloomfield Twp neighborhood.
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      Residential Land in Bloomfield Township

      1.5 acre residential land for sale in Bloomfield Township.
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      Bloomfield Hills Buildable Lot

      Buildable lot with lake views in Bloomfield Hills, Michigan.
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    Similar Nearby for Lease

    • $21 SF/Yr

      Class A Office with Views

      Class A office space with lakefront views available for lease.
      1760 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing

      Bloomfield Hills Office Suites Available

      Two-story office building with ample parking and professional management.
      2350 Franklin 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
    • Contact for pricing

      Bloomfield Hills Office Space Available

      Office space for rent in a centralized, convenient location.
      2600 S Telegraph Rd, Bloomfield Hills, MI 48302
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    • Contact for pricing

      Bloomfield Hills Office Space

      Office space available for lease in Bloomfield Hills, Michigan.
      1760 S Telegraph Rd, Bloomfield Hills, MI 48302
      View Details
    • Contact for pricing
      1,709 SF

      Medical Office Space Available

      Medical office space for rent with high-end finishes.
      1900 South Telegraph Rd, Bloomfield Township, MI 48302
      View Details
    View Listing
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    Bloomfield Twp, MI 48302
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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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