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    7457 Franklin Rd Bloomfield Hills, MI 48301
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    Property profile & analytics

    7457 Franklin Rd Bloomfield Hills, MI 48301

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    • Office buildings
    • 21,846 SF
    • 1.06 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Bloomfield Hills Office Suites For Lease
    $23 SF/Yr

    Bloomfield Hills Office Suites

    Frank Lloyd Wright style office with garden terraces for rent.

    7457 Franklin Rd, Bloomfield Hills, MI 48301
    View Listing
    Property ID
    US43-0181347
    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 7457 Franklin Rd

    Year built
    2000
    Lot size
    1.06 lot acres
    Property size
    21,846 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    C -19-31-477-002
    APU
    C1931477002

    Description

    This exceptional Bloomfield Hills office building, the Franklin Office Centre, offers a unique blend of Frank Lloyd Wright-inspired architecture and modern convenience. Located at 7457 Franklin Rd, Bloomfield Township, MI 48301-3611, this Class B property boasts 20,567 square feet across three stories, situated on a 1.06-acre lot (APN: 19-31-477-002). The building, constructed in 2000, features multiple tenancies with spaces ranging from a minimum of 589 square feet to a maximum contiguous space of 794 square feet

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,870,000
      Market price range: $1.56M - $3.64M
      AI Estimate
      $1,973,000
      Market price range: $683k - $3.00M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,560,000
      Current use
      COMMERCIAL (GENERAL)
      $3,850,000
      Change: +50% Conversion: Easy
      RESTAURANT
      $3,780,000
      Change: +48% Conversion: Moderate
      RETAIL STORES
      $3,685,000
      Change: +44% Conversion: Moderate
      MEDICAL BUILDING
      $3,450,000
      Change: +35% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,680,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomfield Hills
    County
    Oakland
    State
    Michigan
    Longitude
    -83.3046
    Latitude
    42.53
    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
    $49,055
    $0.00
    $0.00
    $1,143,150
    -
    $0.00
    $0.00
    $2,286,300

    Comparable in this City

    • Value Estimation
      $1,040,000
      11,904 SF

      4120 Maple Rd

      OFFICE BUILDING • 11,904 SF
      4120 Maple Rd, Bloomfield Hills, MI 48301-3010
      View Details
    • Value Estimation
      $1,885,000
      10,105 SF

      6895 Telegraph Rd

      OFFICE BUILDING • 10,105 SF
      6895 Telegraph Rd, Bloomfield Hills, MI 48301-3185
      View Details
    • Value Estimation
      $2,580,000
      29,635 SF

      6421 Inkster Rd

      OFFICE BUILDING • 29,635 SF
      6421 Inkster Rd, Bloomfield Hills, MI 48301-1305
      View Details
    • Value Estimation
      $800,000
      15,592 SF

      Bloomfield Hills, MI 48301

      OFFICE BUILDING • 15,592 SF
      Bloomfield Hills, MI 48301
      View Details
    • Value Estimation
      $1,490,000
      12,212 SF

      3705 Maple Rd

      OFFICE BUILDING • 12,212 SF
      3705 Maple Rd, Bloomfield Hills, MI 48301-3211
      View Details
    • Value Estimation
      $5,870,000
      56,181 SF

      6905 Telegraph Rd

      OFFICE BUILDING • 56,181 SF
      6905 Telegraph Rd, Bloomfield Hills, MI 48301-3157
      View Details

    Similar Nearby for Sale

    • $1,800,000
      Pending

      Bloomfield Township Five Acre Lot

      Five acre lot in Bloomfield Township with Bloomfield Hills schools.
      7200 Telegraph Rd, Bloomfield Twp, MI 48301
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      6701 Franklin Rd, Bloomfield Hills, MI 48301
      View Details
    • $600,000
      Pending

      Bloomfield Hills Residential Land

      Residential land in Bloomfield Twp with Birmingham School District.
      3868 Lincoln Rd, Bloomfield Twp, MI 48301
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Bloomfield Hills, MI.
      6421-6443 Inkster Rd, Bloomfield Hills, MI 48301
      View Details
    • Contact for pricing

      Bloomfield Hills Office Suites

      Frank Lloyd Wright style office with garden terraces for rent.
      7457 Franklin Rd, Bloomfield Hills, MI 48301
      View Details
    • Contact for pricing
      22,600 SF

      Bloomfield Township Office Space

      Office space available for lease in Bloomfield Township, Michigan.
      4060 West Maple Rd, Bloomfield Township, MI 48301
      View Details
    • Contact for pricing

      Bloomfield Hills Executive Suites

      Frank Lloyd Wright style office suites in desirable location.
      7457 Franklin Rd, Bloomfield Hills, MI 48301
      View Details
    • Contact for pricing

      Bloomfield Hills Office Space Available

      First floor office space for rent in Bloomfield Hills.
      6895 Telegraph Rd, Bloomfield Hills, MI 48301
      View Details
    • Contact for pricing
      7,500 SF

      Modern Office/Medical Space For Rent

      Modern office or medical space with high ceilings and parking.
      4062 W Maple Rd, Bloomfield Hills, MI 48301
      View Details
    View Listing
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    Bloomfield Hills, MI 48301
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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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