Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Retail on Woodward Avenue Title is generated by Realmo AI

    33668 Woodward Ave, Birmingham, MI 48009

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $25 SF/Yr $3,564/Mo (calc)

    Free-standing retail space in Birmingham with high visibility.

    Type:Retail
    Property size:
    1,711 SF
    Added:
    Mar 6, 2026
    Days on Market:
    76
    Last Refresh:
    Apr 5 at 11:02 pm

    Property Features for 33668 Woodward Ave

    General Information

    Standard status
    Active
    Size
    1,711 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1975

    Spaces For Lease

    at 33668 Woodward Ave Contact us

    We can help!

    Listing Contact
    Wendy Acho
    Wendy Acho

    Listing agent Wendy Acho License #6501411463

    Listing office NAI Farbman - Corporate

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI Farbman - Corporate

    HighLights

    • Prime location on Woodward Ave in Birmingham with exceptional traffic visibility (75,000+ VPD).
    • High Walk Score (92) and close proximity to downtown Birmingham, shops, restaurants, and attractions.
    • Zoned B2B General Business, ideal for retail ventures.
    • 1,711 SF free‑standing retail space with 21' frontage.
    • Ample parking available.
    • Easy access to I‑696, M‑59, and I‑75 freeways and close to Royal Oak Corewell Health Beaumont Hospital.

    Overview

    This free-standing retail property in Birmingham, MI, offers 1,711 SF of space with a 13’ building height and a 21' frontage on Woodward Ave, providing excellent visibility in a high-traffic area. Zoned B2B General Business, the location is suitable for retail ventures. The property has a Walk Score of 92 and ample parking in front and on the side street. It is close to downtown Birmingham and Corewell Health Beaumont Hospital in Royal Oak, with easy access to I-696, M-59, and I-75 Freeways. The location offers exceptional traffic visibility with over 75,000 vehicles per day. The property is located in the heart of Birmingham on Woodward Avenue, surrounded by shops, restaurants, and galleries. Nearby attractions include the Birmingham Farmers Market, Shain Park, and the Birmingham Theatre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Real Estate Agency Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.2034712
    Latitude
    42.5365068

    Nearby Similar for Lease

    • $1,200/Mo
      177,261 SF

      Modern Office Space For Lease

      Private rooms available in a modern chiropractic and wellness clinic.
      30100 Telegraph Road, Birmingham, MI 48025
      View Details
    • $1,100/Mo
      250 SF

      Renovated Office Space in Birmingham

      Move-in ready office space with natural light and onsite parking.
      801 S Adams Road, Birmingham, MI 48009
      View Details
    • $129-$7,876/Mo
      11-1,292 SF

      The Ford Building

      135 Birmingham Blvd, Unit 200, Birmingham, MI 48009
      View Details
    • $129-$4,303/Mo
      11-1,292 SF

      Bloomfield Hills

      41000 Woodward Ave, Birmingham, MI 48304
      View Details
    • $30 SF/Yr
      6,343 SF

      Renovated Office/Loft/Creative Space

      Class A office space in affluent Birmingham community.
      2075 E 14 Mile Rd, Birmingham, MI 48009
      View Details
    • $1,100/Mo

      Renovated Office Space For Rent

      Renovated office space with abundant natural light and onsite parking.
      801 S Adams Road, Birmingham, MI 48009
      View Details
    • $1,450/Mo

      Private Offices Near Downtown Birmingham

      Two private offices with parking, near downtown Birmingham.
      975 E. Maple Rd 214, Birmingham, MI 48009
      View Details
    • $16,074/Mo

      Professionally Managed Office Building

      Three-level office building with on-site parking for rent.
      1025 E Maple Rd 101, Birmingham, MI 48009
      View Details
    • Contact for pricing
      9,540 SF

      Birmingham Office Space Available

      9,540 SF office space for rent in Birmingham, MI.
      250 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • $1,600/Mo
      898 SF

      Birmingham Condo with Remodeled Kitchen

      Open concept condo with updated kitchen, close to downtown Birmingham.
      982 N ADAMS Road #6, Birmingham, MI 48009
      View Details
    • Contact for pricing
      33,690 SF

      Office Space in Mixed-Use Development

      Office space available within Birmingham's anticipated mixed-use development.
      479 South Old Woodward Avenue, Birmingham, MI, 48009
      View Details
    • Contact for pricing
      14,479 SF

      Birmingham Office Space Available

      Office building with 14,479 square feet available for rent.
      300 Park St, Birmingham, MI 48009
      View Details

    FAQs

    What type of property is this?
    Retail space - Free-standing retail space in Birmingham with high visibility.
    Where is this retail space located?
    The property is located at 33668 Woodward Ave Birmingham, MI.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: Prime location on Woodward Ave in Birmingham with exceptional traffic visibility (75,000+ VPD).; High Walk Score (92) and close proximity to downtown Birmingham, shops, restaurants, and attractions.; Zoned B2B General Business, ideal for retail ventures.
    (248) 563-0739
    We can help!
    Listing Contact
    Wendy Acho
    Wendy Acho
    Real Estate License ID: 6501411463
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    33668 Woodward Ave, Birmingham, MI 48009
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!