Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1018 E 11 Mile Road Royal Oak, MI 48067

    View on Map
    For Sale
    $825,000

    Real Estate Only - Royal Oak, MI

    Property size:
    2,818 SF
    Lot size:
    0.34 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    135
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 1018 E 11 Mile Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    2522201012
    Size
    2,818 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    13372

    Building Details

    Year built
    2000
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Marsh Shkreli

    Listing agent Marsh Shkreli

    Listing office American Associates Inc 1453 N Elms, Fenton, MI

    Listing date Nov 17, 2025

    MLS# 20251054501 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Royal Oak Retail Opportunity

    This commercial property, situated in Royal Oak, Michigan, offers a retail space with a building size of 2,818 square feet on a lot of approximately 0.34 acres. The property is zoned for commercial use and presents various possibilities for different business ventures due to its location. The property is located in Oakland County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1379
    Latitude
    42.4907

    Nearby Similar for Sale

    • $839,500
      4,000 SF

      Royal Oak Commercial Property on Woodward

      Versatile property on Woodward Avenue suitable for various commercial uses.
      32044 WOODWARD Avenue, Royal Oak, MI 48073
      View Details
    • $450,000
      1,220 SF

      Downtown Royal Oak Office Space

      Classy Royal Oak office with parking and high foot traffic.
      417 E. FOURTH Street, Royal Oak, MI 48067
      View Details
    • $500,000

      Royal Oak Income-Producing Duplex

      Well-maintained duplex in downtown Royal Oak with updated units.
      802 S Lafayette Avenue, Royal Oak, MI 48067
      View Details
    • $450,000
      1,900 SF

      Renovated Duplex in Royal Oak

      Income-producing duplex near downtown Royal Oak, Michigan.
      604 W Hudson Avenue, Royal Oak, MI 48067
      View Details
    • $1,500,000
      5,184 SF

      Royal Oak Hotel for Sale

      Operating 14-unit hotel near downtown Royal Oak, renovated in 2023.
      111 12 Mile Road, Royal Oak, MI 48073
      View Details
    • $290,000

      Commercial Property on Woodward Avenue

      Two-level commercial building on Woodward Avenue, south of Birmingham.
      32756 Woodward Ave, Royal Oak, MI 48073
      View Details
    • $23
      10,262 SF

      Royal Oak Office/Medical Building

      Office/medical building with high visibility signage and modern medical space.
      Royal Oak, MI 48067
      View Details
    • $2,100,000
      24,500 SF

      Royal Oak Build-to-Suit Opportunity

      Build-to-suit office or medical space near Downtown Royal Oak.
      1026 W Eleven Mile Rd, Royal Oak, MI
      View Details
    • $2,495,000
      8,630 SF

      Royal Oak Medical Building Opportunity

      Prime location medical building with redevelopment potential in Royal Oak.
      5130 Coolidge Hwy, Royal Oak, MI 48073
      View Details
    • Contact for pricing
      6,594 SF

      Well-Maintained Office Building For Sale

      6,594 SF office building with high-end finishes and signage.
      28454 - 28478 Woodward Avenue, Royal Oak, MI
      View Details
    • Contact for pricing
      14,660 SF

      Royal Oak Landmark Office Building

      14,660 SF Royal Oak office building for sale or lease.
      28000 Woodward Avenue, Royal Oak, MI
      View Details
    • $2,000,000
      18,452 SF

      Retail Property in Royal Oak

      Retail property available for sale in Royal Oak, Michigan.
      N Main St 1000-1010, Royal Oak, MI
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail building in a great location in Royal Oak, MI.
    Where is this retail space located?
    The property is located at 1018 E 11 Mile Road Royal Oak, MI.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: Great location; Versatile building suitable for different uses; Built in 2000
    (810) 733-3435
    We can help!
    Listing Contact
    Marsh Shkreli
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!