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    1202 Catalpa Dr Royal Oak, MI 48067

    Sponsored
    For Lease
    Contact for pricing

    Prime Medical Office, 2812 sq ft, Available Now

    Lot size:
    2,812 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,812 square foot medical office space is ideally situated at 1202 Catalpa Drive in Royal Oak, Michigan, within Oakland County. The property is a single-tenant building, offering complete occupancy for a medical practice seeking a dedicated and spacious location. The entire 2,812 square feet is currently vacant and ready for immediate lease. The building's classification includes both retail and office space, making it versatile for a variety of medical uses. Its location in Royal Oak, MI, zip code 48067, provides excellent access to a thriving community and convenient transportation links. The property is categorized as a medical office building, suggesting it may already possess features suitable for medical practices, such as ample parking and appropriate infrastructure. This presents a unique opportunity for a medical professional or group to establish or expand their practice in a highly desirable area. The property's single-tenant status ensures privacy and control over the entire space. Interested parties are encouraged to inquire further to explore the possibilities this prime location offers. The property is available for lease.

    Property Features for 1202 Catalpa Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,812 SF

    Unit(s) available at that property

    Space
    Available space
    Size
    2,812 SF

    HighLights

    • 2,812 square feet of available space.
    • Excellent demographics with strong residential surrounding.
    • Suitable for office, medical, retail, gym, or restaurant uses.
    • Neighborhood Business zoning.
    • Abundant parking available.
    • Lease rate: Contact broker for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    LAZ Medical Group Medical Clinic Advance Rehabilitation Therapy Physical Therapy Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1574043
    Latitude
    42.497398

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 2812 sq ft, Available Now
    Where is this medical office located?
    The property is located at 1202 Catalpa Dr Royal Oak, MI.
    What are key features of this property?
    This property features: 2,812 square feet of available space.; Excellent demographics with strong residential surrounding.; Suitable for office, medical, retail, gym, or restaurant uses.
    Request Owner's contact information
    1202 Catalpa Dr Royal Oak, MI 48067
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    Royal Oak, MI 48067
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    Realmo Value Estimation

    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.

    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.

    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
    1202 Catalpa Dr Royal Oak, MI 48067
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