1112 Catalpa Drive, Royal Oak, MI 48067
Free-standing retail building with parking behind and Neighborhood Business II zoning for flexible neighborhood uses.
- Added:
- Jun 16, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 20 at 2:24 am
Property Features for 1112 Catalpa Drive
General Information
- Standard status
- Active
- Size
- 2,650 SF
- Property subtype
- Land
Building Details
- Year Built
- 1962
Listing agent Robert Coburn
Listing office RE/MAX First
Listing date Jun 16, 2026
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 RE/MAX First
HighLights
- Free‑standing commercial/retail building built in 1962
- Neighborhood Business II zoning supports a wide variety of neighborhood business uses
- Current tenant is on a month‑to‑month lease
- Lots of parking behind the building
- Owner also owns adjacent buildings and would consider selling three parcels as a package
Overview
The building is located in Royal Oak at 1112 Catalpa Drive. A notable convenience for customers and tenants is the parking located behind the building. The owner also owns adjacent buildings and is open to selling all three parcels as a package, which include four separate buildings.
For buyers or operators seeking an owner-occupied, retail-oriented asset in a flexible commercial zoning district, this property provides an operational starting point with month-to-month occupancy. The availability of a multi-parcel package option may also appeal to those looking to acquire additional retail buildings from the same owner alongside this freestanding structure.
Local Financial Insights For Retail
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 | $44.5k | $16.80 |
| − Vacancy | −$3.8k | −$1.43 |
| EGI | $40.7k | $15.37 |
| − OpEx | −$12.2k | −$4.61 |
| NOI | $28.5k | $10.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Thrifty Florist — 26989 Woodward Ave, Huntington Woods, MI 48070
- Thrifty flowers — royal oak, mi 48067
- J Costello Designs — 1116 Catalpa Dr, Royal Oak, MI 48067
- Perennial Accents — 1322 catalpa dr, royal oak, mi 48067
Location Insight
- Map
- Local Demand
- City
- Royal Oak
- County
- Oakland
- State
- Michigan
- Longitude
- -83.1570647
- Latitude
- 42.497504
