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Property profile & analytics
FOR LEASE
Office buildings
7457 Franklin Rd Bloomfield Bloomfield Hills, MI 48301
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US43-0181347
For Lease
1 / 2
$23 SF/Yr
7457 Franklin Rd,Unit Bloomfield, Bloomfield Hills, MI 48301
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Property summary
AI-generated overview
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
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
21,846 SF
Lot
1.06 ac (46,174 SF)
Zoning code
BI
APN
C -19-31-477-002
UPID
US43-0181347
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.42M
Owner & transaction history
North Lane Associates LLC · 14 yrs held
North Lane Associates LLC
since 2011
3 recorded transactions
Zoning & alternative use
BI · Bloomfield Hills, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+50.2%
Restaurant
$3.8M
+47.6%
Retail stores
$3.7M
+43.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bloomfield Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bloomfield Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
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
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$49,055
Tax year 2023
Assessed value
$1,143,150
Assessed 2024
Previous assessed
$1,092,850
+4.6% YoY
Effective rate
4.29%
On assessed value
Total market value
$2,286,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Heating
YES
Cooling
YES
Stories
3
Units
1
Total area
21,846 SF
Lot
1.06 ac (46,174 SF)
Zoning code
BI
APN
C -19-31-477-002
UPID
US43-0181347
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
BI · Bloomfield Hills, MI
Zoning BI · permitted uses
BI · Bloomfield Hills, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bloomfield Hills. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT
Est. value
$3.8M
RETAIL STORES
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Heating
YES
Cooling
Yes
Stories
3
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
North Lane Associates LLC
Entity
Free & Clear · 14 yrs held
Mailing address
7125 ORCH LK RD STE #200, WEST BLOOMFIELD, MI 48322-5306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2011
—
North Lane Associates LLC
Franklin Office Centre LLC
Deed In Lieu Of Foreclosure
related
—
Nov 23, 1999
—
Franklin Office Centre LLC
—
Grant Deed
related
$4,000,000 · Old Kent Bank
Aug 31, 1999
—
Franklin Office Centre LLC
Singh Of Northville LP
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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