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    32778 Woodward Ave Royal Oak, MI 48073

    For Lease
    $22 SF/Yr

    6,500 SF Retail Space - Prime Location

    Lot size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 6,500 square foot retail space is ideally situated at 32778 Woodward Avenue in the vibrant city of Royal Oak, Michigan, zip code 48073. The property boasts a single-tenant occupancy within a strip mall setting, offering a highly visible location with ample parking for customers and employees. The space is designed to provide a functional and inviting atmosphere, featuring abundant natural light and modern amenities. Its flexible floor plan allows for customization to suit a variety of business needs, making it an excellent choice for businesses seeking a tailored workspace. The property benefits from convenient access to major roadways, ensuring easy accessibility for both staff and clients. Professional property management ensures a smooth and efficient operational experience. This prime Royal Oak location offers a unique opportunity to establish or expand a business in a thriving commercial area, combining style and functionality for optimal productivity and success. The property is categorized as retail, offering a high-traffic location with excellent visibility along Woodward Avenue. This is a rare opportunity to secure a well-appointed retail space in a highly desirable Michigan location.

    Property Features for 32778 Woodward Ave

    General Information

    Property type
    Strip malls
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,500 SF

    Unit(s) available at that property

    Space
    Size
    6,500 SF
    Rate per SF
    $22

    HighLights

    • 6,500 SF of divisible space (3,600 SF & 2,900 SF options).
    • High‑profile Woodward Avenue location.
    • Modern, newly renovated interior.
    • Excellent street visibility and high traffic counts.
    • Abundant tenant and customer parking.
    • Attractive storefront with large display windows.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dryclean Depot Dry Cleaner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.197716842044
    Latitude
    42.529919891852

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    FAQs

    What type of property is this?
    Strip mall - 6,500 SF Retail Space - Prime Location
    Where is this strip mall located?
    The property is located at 32778 Woodward Ave Royal Oak, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 6,500 SF of divisible space (3,600 SF & 2,900 SF options).; High-profile Woodward Avenue location.; Modern, newly renovated interior.
    Request Owner's contact information
    32778 Woodward Ave Royal Oak, MI 48073
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    Royal Oak, MI 48073
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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
    32778 Woodward Ave Royal Oak, MI 48073
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