General Business Retail
For Sale
Contact for pricing
32128 Woodward Ave, Royal Oak, MI 48073
Well-maintained commercial building with Woodward Avenue frontage, a flexible floorplan, and General Business zoning.
Property Size8,528 SF
Price / SF$0.03
Days on Market112
Property Features for 32128 Woodward Ave
General Information
Standard status
Active
Size
8,528 SF
Property subtype
Retail
Zoning
RB
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
8,528 SF
Listing Agency:
L. Mason Capitani, Inc.
Listed By:
Mason L. Capitani · License #MI 6502129383
(248) 637-7795
Source:
Cpix.resimplifi
Added: Jul 7
Changed: Oct 26
Last Checked: Oct 24 at 1:46PM
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, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This well-maintained 8,528 SF commercial building is available for sale or lease and offers a flexible floorplan suited to a range of retail and service uses. The property is presented as a single facility with adaptable interior layout, providing practical options for an operator looking to configure space to their needs.
The building has Woodward Avenue frontage and is zoned General Business. It is also located close to I-696, supporting convenient regional access for customers and staff.
As offered, the asset combines street-facing visibility along Woodward Avenue with General Business zoning and an adaptable interior arrangement within a maintained commercial building.
The building has Woodward Avenue frontage and is zoned General Business. It is also located close to I-696, supporting convenient regional access for customers and staff.
As offered, the asset combines street-facing visibility along Woodward Avenue with General Business zoning and an adaptable interior arrangement within a maintained commercial building.
Key Highlights
- 8,528 SF commercial building available for sale or lease
- Woodward Avenue frontage
- Well‑maintained facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,765
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,300
$1.8M
Cap Rate 7%
$1,310,929
$1.3M
Cap Rate 9%
$1,019,611
$1.0M
Market Conditions
NOI Build-Up for 8,528 SF
Gross rent
$143.3K $16.80/SF
− Vacancy
−$12.2K −$1.43/SF
EGI
$131.1K $15.37/SF
− OpEx
−$39.3K −$4.61/SF
NOI
$91.8K $10.76/SF
Area
Oakland County, MI
Vacancy
8.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,835,300
Cap Rate 7%
$1,310,929
Cap Rate 9%
$1,019,611
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,765 @ 7.0% cap · market cap 36,853.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,759 @ 7.0% cap · market cap 51,710.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 31%
Electronics 9%
Apparel 6%
Shell
Shops & Services
9,533 visits/mo
0.3 miles
Oberweis Dairy
Dining
7,308 visits/mo
0.3 miles
Potbelly Sandwich Shop
Dining
7,290 visits/mo
0.2 miles
Starbucks
Dining
7,238 visits/mo
0.2 miles
FedEx Office Print & Ship Center
Shops & Services
7,026 visits/mo
0.5 miles
Demographics for 48073, MI
33,658
Population
17,551
Households
1.9
Avg Household Size
39
Median Age
59%
College-Educated
97%
High-School Grad
7.4 sq mi
ZIP Area
4,548
Density / Sq Mi
$86,426
Median Household Income
$58,525
Median Earnings
$1,245
Median Rent
$302,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained commercial building with Woodward Avenue frontage, a flexible floorplan, and General Business zoning.
Where is this retail space located?
The property is located at 32128 Woodward Ave Royal Oak, MI.
What are key features of this property?
This property features: 8,528 SF commercial building available for sale or lease; Woodward Avenue frontage; Well‑maintained facility
