Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    322 Lincoln Ave Royal Oak, MI 48067-2571

    • Office Properties & Spaces
    • 11,438 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US43-0124757
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Demorest Law Firm, PLLC / Real Estate Attorney / Employment Attorney
    • Lloyd S Paley Law Offices / Attorney
    • Grow Cannabis Marketing / Marketing Agency
    • Matt Demorest - Realtor and Lender / Mortgage Broker / Real Estate Agent
    • Mort Meisner Associates / Talent Agency

    Property Details for 322 Lincoln Ave

    Year built
    1962
    Lot size
    0.42 lot acres
    Property size
    11,438 SF
    Zone code
    CBD
    Property type
    Office Properties & Spaces
    APN
    72-25-21-285-013
    APU
    722521285013

    Description

    This exceptional executive office building at 322 W Lincoln Ave in Royal Oak, Michigan, offers a prime opportunity for businesses seeking flexible and modern workspace. The entire 11,476 square foot building is currently vacant and available for lease, presenting a unique chance to occupy a substantial, single-tenant space. Alternatively, the property is divisible, with a minimum leasable area of 5,738 square feet, catering to businesses of varying sizes. The building's central business district (CBD) zoning ensures convenient access to amenities and a thriving professional environment. Located in Oakland County, with the address 322 W Lincoln Ave, Royal Oak, MI 48067, this property boasts ample parking with 25 spaces available for tenants and their clients. The building's layout is designed to accommodate multiple tenants, offering a versatile solution for companies seeking collaborative or independent workspaces. The property is situated at 42.4835838 latitude and -83.1472689 longitude. This is a rare opportunity to secure a significant presence in a highly desirable Royal Oak location. The entire 11,476 square feet can be leased contiguously, providing a substantial footprint for a growing enterprise. The building's modern design and convenient location make it an ideal choice for businesses seeking a prestigious address and a productive work environment. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1474
    Latitude
    42.4836
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $47,206
    $0.00
    $0.00
    $1,219,730
    -
    $0.00
    $0.00
    $2,439,460

    Comparable in this City

    • Value Estimation by Request
      5,257 SF

      215 Ctr St

      OFFICE (GENERAL) • 5,257 SF
      215 Ctr St, Royal Oak, MI 48067-3870
      View Details
    • Value Estimation by Request
      2,009 SF

      527 Main St

      OFFICE (GENERAL) • 2,009 SF
      527 Main St, Royal Oak, MI 48067-1814
      View Details
    • Value Estimation by Request
      6,413 SF

      423 Main St

      OFFICE (GENERAL) • 6,413 SF
      423 Main St, Royal Oak, MI 48067-1884
      View Details
    • Value Estimation by Request
      120,102 SF

      302 Washington Ave

      OFFICE (GENERAL) • 120,102 SF
      302 Washington Ave, Royal Oak, MI 48067-3811
      View Details
    • Value Estimation by Request
      2,031 SF

      217 Knowles St

      OFFICE (GENERAL) • 2,031 SF
      217 Knowles St, Royal Oak, MI 48067-2767
      View Details
    • Value Estimation by Request
      4,020 SF

      505 Lafayette Ave

      OFFICE (GENERAL) • 4,020 SF
      505 Lafayette Ave, Royal Oak, MI 48067-2590
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      Downtown Royal Oak Office Space

      Modern Office, Retail, 15,000 SF
      117 4Th St, Royal Oak, MI 48067
      View Details
    • $2,100,000
      11,175 SF

      Royal Oak Office Building For Sale

      11,175 SF Office, Move-In Ready
      1026 Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • Contact for pricing

      Royal Oak Office Space For Sale

      Prime Office Space, 17,587 SF Available
      302 Main St, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      6,594 SF

      Well-Maintained Office Building For Sale

      6,594 SF office building with high-end finishes and signage.
      28454 Woodward Ave, Royal Oak, MI 48067
      View Details
    • $225,000
      724 SF

      Single-Tenant Building in Royal Oak

      724 SF commercial building near downtown Royal Oak.
      1413 Crooks Rd, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      14,660 SF

      Royal Oak Landmark Office Building

      14,660 SF Royal Oak office building for sale or lease.
      28000 Woodward Ave, Royal Oak, MI 48067
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      15,000 SF

      Downtown Royal Oak Office Space

      Modern Office, 5,000 SF Available
      117 4Th St, Royal Oak, MI 48067
      View Details
    • $35 SF/Yr
      1,094 SF

      Royal Oak Executive Office Space

      Prime Downtown Royal Oak Office, 1094 sq ft
      909 Main St, Royal Oak, MI 48067
      View Details
    • $20 SF/Yr
      5,694 SF

      Royal Oak Retail Space for Lease

      Prime Woodward Ave location, 5,947 sq ft lot, single tenant.
      28074 Woodward Ave, Royal Oak, MI 48067
      View Details
    • $16 SF/Yr
      13,222 SF

      Royal Oak Executive Office Suites

      Prime Royal Oak location, flexible suites available.
      117-123 Main St, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      2,812 SF

      Royal Oak Medical Office Space

      Prime Medical Office, 2812 sq ft, Available Now
      1202 Catalpa Dr, Royal Oak, MI 48067
      View Details
    • $24 SF/Yr
      1,208 SF

      Royal Oak Office Suites Available

      Modern, renovated office spaces in prime location.
      628 Parent Ave, Royal Oak, MI 48067
      View Details
    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.
    322 Lincoln Ave
    Royal Oak, MI 48067-2571
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.