Royal Oak Building with
For Sale
Contact for pricing
1219 E 11 Mile Road, Royal Oak, MI 48067
Free-standing Royal Oak building featuring a bay door.
Property Size1,853 SF
Price / SF$1.62
Days on Market154
Property Features for 1219 E 11 Mile Road
General Information
Standard status
Active
Size
1,853 SF
Listing Agency:
Community Choice Realty Inc
(248) 729-0011
Listed By:
Fadi Akkam · License #423330
(586) 822-9717
Source:
Blueowlprop
Added: May 20
Changed: Oct 9
Last Checked: Oct 19 at 6:37AM
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 Community Choice Realty Inc
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Investment Insights
Based on property information with market context.
This free-standing building is located in Royal Oak, Michigan. The property has a total size of 1853 square feet and features a bay door. It can be used for mixed-use or retail purposes.
Key Highlights
- Free standing building
- Prime Royal Oak location
- Bay door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,762
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,240
$375.2K
Cap Rate 7%
$268,029
$268.0K
Cap Rate 9%
$208,467
$208.5K
Market Conditions
NOI Build-Up for 1,853 SF
Gross rent
$33.4K $18.00/SF
− Vacancy
−$3.3K −$1.80/SF
EGI
$30.0K $16.20/SF
− OpEx
−$11.3K −$6.07/SF
NOI
$18.8K $10.13/SF
Area
Oakland County, MI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,240
Cap Rate 7%
$268,029
Cap Rate 9%
$208,467
Alternative Uses
Best Use
Mixed Use
$268.0K
$234.5K – $312.7K
NOI $18,762 @ 7.0% cap · market cap 625.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$399.7K
$349.7K – $466.3K
NOI $27,977 @ 7.0% cap · market cap 932.57%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 48067, MI
24,589
Population
13,714
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
96%
High-School Grad
4.6 sq mi
ZIP Area
5,345
Density / Sq Mi
$107,355
Median Household Income
$76,700
Median Earnings
$1,435
Median Rent
$309,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Free-standing Royal Oak building featuring a bay door.
Where is this mixed-use property located?
The property is located at 1219 E 11 Mile Road Royal Oak, MI.
What are key features of this property?
This property features: Free standing building; Prime Royal Oak location; Bay door access
