Royal Oak Building with
1219 East 11 Mile Road Royal Oak, MI 48067
For Sale
Contact for pricing
Free-standing Royal Oak building featuring a bay door.
Property Size1,853 SF
Price / SF$323.80
Days on Market70
Property Features for 1219 East 11 Mile Road
General Information
- Standard status
- Active
- Size
- 1,853 SF
- Property subtype
- Retail, Office, Mixed Use
Listing Agency:
Community Choice Realty
Listed By:
Fadi Akkam · License #423330
Source:
Crexi
Added: May 19
Changed: Jul 10
Last Checked: Jul 26 at 3:05PM
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
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 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 | $31.1k | $16.80 |
| − Vacancy | −$2.6k | −$1.43 |
| EGI | $28.5k | $15.37 |
| − OpEx | −$8.5k | −$4.61 |
| NOI | $19.9k | $10.76 |
1,853 SF · lease $16.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$284.8K
$249.2K – $332.3K
NOI $19,939 @ 7.0% cap · market cap 3.32%
Second Best
Mixed Use
$268.0K
$234.5K – $312.7K
NOI $18,762 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$399.7K
$349.7K – $466.3K
NOI $27,977 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
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 East 11 Mile Road Royal Oak, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Free standing building; Prime Royal Oak location; Bay door access
