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    32302 Woodward Ave Royal Oak, MI 48073

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    For Lease
    $26 SF/Yr ($11,405 /Mo)

    Retail spaces available on Woodward Avenue with high traffic volume.

    Property size:
    5,264 SF
    Lot size:
    0.21 Acres

    Property Features for 32302 Woodward Ave

    General Information

    Size
    5,264 SF
    Lot size
    0.21 Acres

    Source: NAI Farbman - Corporate Agent Brandon Ben-Ezra

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Woodward Avenue Retail Opportunity

    Located at 32302 Woodward Avenue, a former Army Navy retail space offers 5,264 square feet. Additionally, the former Golden Basket Restaurant at 32286 Woodward Avenue provides 3,554 square feet. Situated on the northbound side of Woodward Avenue, the location benefits from high traffic, with over 75,000 cars passing daily. The property is directly across the street from Agree's new headquarters and near the Royal Oak Corewell Health Hospital. The sophisticated ownership group is open to a complete redevelopment of the outlined area. Nearby retailers include Woodward Corners, Buddy’s Pizza, Potbelly, Starbucks, Burger King, Panda Express, and CVS.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -83.1947715
    Latitude
    42.5273995

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    FAQs

    What type of property is this?
    Retail space - Retail spaces available on Woodward Avenue with high traffic volume.
    Where is this retail space located?
    The property is located at 32302 Woodward Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - High Traffic Location: Over 75,000 cars per day on Woodward Ave.; - Strategic Location: Located on Woodward Ave, across from Agree's Headquarters.; - Redevelopment Potential: Opportunity for complete redevelopment by a sophisticated ownership group.
    (947) 517-6226
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    Royal Oak, MI 48073
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    Realmo Value Estimation

    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.

    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.

    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
    32302 Woodward Ave Royal Oak, MI 48073
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