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Property profile

32552 Woodward Ave Royal Oak, MI 48073

OFF-MARKET
Retail properties & Spaces
7,101 SF

Property summary

AI-generated overview

This exceptional commercial property, located at 32552 Woodward Avenue in Royal Oak, Michigan, offers a unique opportunity for businesses seeking versatile office space. The building boasts a total of 7,101 square feet, currently featuring a mix of retail, office, and restaurant uses. The property is available for lease with 2,812 square feet of vacant space immediately ready for occupancy. This presents a significant opportunity for a single tenant to occupy a substantial portion of the building or for multiple tenants to lease smaller, individual suites. The building's classification includes both Traditional and Executive Office subtypes, catering to a variety of business needs and sizes. The property is conveniently located in Oakland County, Michigan, with a zip code of 48073, providing easy access to major transportation routes and amenities. Ample parking is available with 27 spaces provided for tenants and their clients. The property's diverse zoning allows for a range of potential uses, making it an ideal location for businesses seeking a prominent presence in the vibrant Royal Oak community. Interested parties are encouraged to inquire about lease terms and available suite sizes. This is a rare opportunity to secure prime commercial real estate in a highly desirable location.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,101 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
  • Vocational School Training Center
  • Travel Agency Tour Operator

Value estimations

Realmo proprietary · 4 methods
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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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