1026 W Eleven Mile Rd, Royal Oak, MI 48067
Prime location near Downtown Royal Oak with expansive parking.
- Added:
- Oct 3, 2024
- Days on Market:
- 617
- Last Refresh:
- May 12 at 10:39 pm
Property Features for 1026 W Eleven Mile Rd
General Information
- Standard status
- Active
- Size
- 11,175 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agent Aaron Smith License #MI 6501377543
Listing office L. Mason Capitani
Listing date Oct 3, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of L. Mason Capitani
HighLights
- Prime location near Downtown Royal Oak
- Move‑in ready condition
- Expansive parking available
- Direct suite entry
- High visibility signage
- Dedicated HVAC
Overview
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.6k | $25.20 |
| − Vacancy | −$29.6k | −$2.65 |
| EGI | $252.0k | $22.55 |
| − OpEx | −$100.8k | −$9.02 |
| NOI | $151.2k | $13.53 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Hartrick Veternary Clinic — Royal Oak, MI 48067
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1379
- Latitude
- 42.4907
