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    628 Parent Ave Royal Oak, MI 48067

    For Lease
    $24 SF/Yr

    Modern, renovated office spaces in prime location.

    Lot size:
    1,208 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Royal Oak office complex, built in 1942 and completely renovated in 2023, offers six available suites ranging from 108 to 400 square feet. The property is a single-story building with a mixed-use zoning designation (Mixed Use 1). The space is ideal for small businesses, entrepreneurs, or those seeking a coworking environment. The building features a welcoming shared lobby and a modern conference room, perfect for collaborative meetings. The flexible suite sizes allow for customization to meet individual tenant needs

    Property Features for 628 Parent Ave

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,208 SF

    Building Details

    Year Built/Renovated
    1942/2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    628 E Parent Ave-Unit 107
    Size
    200 SF
    Rate per SF
    $24
    Space
    628 E Parent Ave-Unit 105 & 106
    Size
    400 SF
    Rate per SF
    $45
    Space
    628 E Parent Ave-Unit 109
    Size
    200 SF
    Rate per SF
    $48
    Space
    628 E Parent Ave-Unit 203
    Size
    150 SF
    Rate per SF
    $63
    Space
    628 E Parent Ave-Unit 505
    Size
    108 SF
    Rate per SF
    $88
    Space
    628 E Parent Ave-Unit 202
    Size
    150 SF
    Rate per SF
    $63

    HighLights

    • Six suites available, 108‑400 square feet each, in a fully renovated (2023) single‑story building.
    • Modernized common lobby and conference room.
    • Stylish office suites with skylights, offering flexible layouts.
    • Ample parking: off‑street and on‑street options near Downtown Royal Oak.
    Property Profile Location Intelligence

    Current Use by Public Records

    Contour Land Group Architecture Firm Phalanges Manicure Studio Nail Salon The Lash and Brow Studio Beauty Salon Lunar Lash Bar- ... Eyelash Salon Burke Video Co Video Production Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -83.137190579261
    Latitude
    42.478909290877

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    FAQs

    What type of property is this?
    Coworking space - Modern, renovated office spaces in prime location.
    Where is this coworking space located?
    The property is located at 628 Parent Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $24-$88 SF/Yr.
    What are key features of this property?
    This property features: Six suites available, 108-400 square feet each, in a fully renovated (2023) single-story building.; Modernized common lobby and conference room.; Stylish office suites with skylights, offering flexible layouts.
    Request Owner's contact information
    628 Parent Ave 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
    628 Parent Ave Royal Oak, MI 48067
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