Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3200 14 Mile Rd Birmingham, MI 48073

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Royal Oak location, ideal for development.

    Property Features for 3200 14 Mile Rd

    General Information

    Property type
    Land
    Lot Size
    245,243 SF

    We can help!

    Listing Contact
    Louis J. Ciotti
    Louis J. Ciotti

    Listing Agency: Landmark Commercial Real Estate Services Listing Agent: Louis J. Ciotti

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

    Learn more

    Overview

    This exceptional 5.63-acre commercial land parcel presents a remarkable investment opportunity in the thriving city of Royal Oak, Michigan. Situated at the major intersection of Coolidge and 14 Mile Road, this property benefits from high visibility and significant traffic flow. The site is zoned for Retail Industrial use, offering considerable flexibility for a variety of development projects. A gas station anchors the west side of the property, providing established commercial presence and attracting substantial customer traffic. A particularly attractive feature is the 1.65-acre eastern portion, perfectly suited for a car wash or fast-food establishment with a drive-thru. This section benefits from a newly created intersection complete with a traffic light, ensuring convenient and safe access for customers. The asking price for this strategically located and versatile property is $2,500,000. This represents a unique chance to capitalize on Royal Oak's robust economy and prime location within Oakland County, Michigan, zip code 48073. The property's address is 3200 W 14 Mile Rd, Birmingham, MI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1846614
    Latitude
    42.532945

    Nearby Similar for Sale

    • Contact for pricing

      Mixed-Use Building in Downtown Birmingham

      Three-story mixed-use building in a premier downtown location.
      189-191 Townsend St, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Downtown Birmingham Office Space Available

      Prime location with walkable amenities and modern features.
      280 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • $400,000

      Turnkey Bakery Franchise Opportunity

      Fully operational bakery caf in prime Birmingham location.
      1137 S Adams St, Birmingham, MI 48009
      View Details
    • Contact for pricing
      102,620 SF

      Premium Birmingham Mixed-Use Asset

      High-end office and retail property in prime walkable area.
      325 N Old Woodward Ave, Birmingham, MI 48009
      View Details
    • Contact for pricing

      Downtown Birmingham Mixed-Use Property

      Mixed-use property in Downtown Birmingham with retail and office space.
      479 South Old Woodward Ave, Birmingham, MI 48009
      View Details
    • $550,000
      3,000 SF

      Birmingham Industrial Property - Huge Potential

      Established Bakery Business, Turnkey Operation
      1137 Adams Rd, Birmingham, MI 48009
      View Details
    • $400,000

      Turnkey Bakery Franchise in Birmingham

      Fully operational bakery café with equipment and inventory included.
      1137 S Adams Rd, Birmingham, MI 48009
      View Details
    • $349,999
      10,000 SF

      Birmingham Restaurant & Lounge

      Established Brunch & Cocktail Bar, High Growth Potential
      0 Brunch Restaurant & Cocktail Lounge, Birmingham, MI 48009
      View Details

    FAQs

    What type of property is this?
    Land - Prime Royal Oak location, ideal for development.
    Where is this land located?
    The property is located at 3200 14 Mile Rd Birmingham, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: New Royal Oak development.; High-traffic corner lot at Coolidge & 14 Mile Roads.; Gas station anchors the west side.
    (313) 570-2026 Call to check price and availability
    Request Owner's contact information
    3200 14 Mile Rd Birmingham, MI 48073
    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.
    3200 14 Mile Rd
    Birmingham, MI 48073
    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
    3200 14 Mile Rd Birmingham, MI 48073
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Louis J. Ciotti
    Louis J. Ciotti
    Real Estate License ID: 6501335264
    (313) 570-2026
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!