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Property profile

301 4Th St Royal Oak, MI 48067

OFF-MARKET
Office Spaces
62,000 SF Built 1925

Property summary

AI-generated overview

This exceptional creative office building, located at 301 West Fourth Street in Royal Oak, Michigan, presents a unique opportunity for businesses seeking a vibrant and inspiring workspace. Built in 1925 and extensively renovated in 2013, this Class B property boasts 62,000 square feet spread across four stories. The building features 20 individual suites, with a minimum divisible space of 200 square feet and a maximum contiguous space of 6,000 square feet. Currently, 700 square feet of space is available. The building offers convenient access, situated at the intersection of Fourth and Washington Streets in the Birmingham submarket. Amenities include two elevators – one freight and one passenger – and impressive 10-foot ceilings. The interior features attractive hardwood flooring, perfect for creating a stylish and functional office environment. This property is ideal for a variety of businesses seeking a blend of historic charm and modern functionality in the heart of Royal Oak's dynamic downtown area. The zip code is 48067.

Property profile

Verified
Property type Office Spaces
Year built 1925
Total area 62,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Medical Clinic
  • Photography Service (Bike/Boat/Book/etc) Store
  • Pediatrician Physician
  • Event Planning Wedding Service

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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