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    333 7Th St Royal Oak, MI 48067

    Sponsored
    For Lease
    $24 SF/Yr

    Royal Oak Creative Office Suites Available

    Lot size:
    40,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 40,000 square foot creative office building, located at 333 West Seventh Street in Royal Oak, Michigan, presents a unique investment opportunity. Built in 1925 and extensively renovated in 2013, the Class B property boasts 20 suites, offering flexible spaces ranging from a minimum of 1,150 square feet to a maximum contiguous area of 5,400 square feet. The building sits on a one-acre lot at the corner of Seventh and Lafayette, providing convenient access to downtown Royal Oak's vibrant shops and restaurants. Tenants will appreciate the 10-foot ceilings, a mix of hardwood and polished concrete floors, and the convenience of a single passenger elevator. On-site parking is available, with a ratio of approximately one space per 850 square feet of rented space, totaling 40 spaces. The property's prime location and modern amenities make it an ideal choice for businesses seeking a stylish and functional workspace in a thriving urban setting. The building's multiple tenancy structure allows for diverse occupancy and potential for strong rental income. This is a rare opportunity to acquire a well-maintained, historically significant building in a highly desirable location. The zip code is 48067.

    Property Features for 333 7Th St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    40,000 SF
    Class
    B
    Total Rate
    80000

    Building Details

    Year Built/Renovated
    1925/2013
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    120
    Size
    3,400 SF
    Rate per SF
    $24
    Space
    100
    Size
    2,000 SF
    Rate per SF
    $24
    Space
    333
    Size
    0 SF
    Rate per SF
    $26
    Space
    Vacancy 1
    Size
    1,150 SF
    Rate per SF
    $24

    HighLights

    • Fully fire suppressed.
    • Elevator access.
    • Security camera system and keycard entry.
    • Fully remodeled in 2013.
    • New roof.
    • On‑site parking (40 spaces, approx. 1 space per 850 SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    The Reizen Law Group Law Firm Blue Water Financial Financial Planner FedEx Drop Box Mailing Service Eisbrenner Public Relations Public Relations Firm Medasource - Detroit Business Management Consultant

    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
    -83.1473946
    Latitude
    42.484393

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    FAQs

    What type of property is this?
    Office space - Royal Oak Creative Office Suites Available
    Where is this office space located?
    The property is located at 333 7Th St Royal Oak, MI.
    What is the lease rate?
    The lease rate is $24-$26 SF/Yr.
    What are key features of this property?
    This property features: Fully fire suppressed.; Elevator access.; Security camera system and keycard entry.
    Request Owner's contact information
    333 7Th St 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
    333 7Th St Royal Oak, MI 48067
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