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    Property profile

    628 Parent Ave Royal Oak, MI 48067

    OFF-MARKET
    Office Spaces
    Built 1942

    Property summary

    AI-generated overview

    This exceptional Royal Oak office complex, built in 1942 and completely renovated in 2023, offers six available suites ranging from 108 to 400 square feet. The property is a single-story building with a mixed-use zoning designation (Mixed Use 1). The space is ideal for small businesses, entrepreneurs, or those seeking a coworking environment. The building features a welcoming shared lobby and a modern conference room, perfect for collaborative meetings. The flexible suite sizes allow for customization to meet individual tenant needs

    Property profile

    Verified
    Property type Office Spaces
    Year built 1942

    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
    • Architecture Firm Civil Engineering Company
    • Nail Salon
    • Hair Salon Nail Salon
    • Hair Salon
    • Film Production Television Studio
    5 occupants on record

    Value estimations

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    Owner & transaction history

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation by Request
      14,000 SF
      403 Center St
      Coworking space
      403 Center St, Royal Oak, MI 48067
      View Details
    • Value Estimation by Request
      62,000 SF
      301 4Th St
      Office Units
      301 4Th St, Royal Oak, MI 48067
      View Details
    • Value Estimation
      $1,305,000
      5,257 SF
      215 Ctr St
      OFFICE (GENERAL)
      215 Ctr St, Royal Oak, MI 48067-3870
      View Details
    • Value Estimation
      $800,000
      8,824 SF
      1107 Crooks Rd
      OFFICE (GENERAL)
      1107 Crooks Rd, Royal Oak, MI 48067-1301
      View Details
    • Value Estimation
      $505,000
      2,031 SF
      217 Knowles St
      OFFICE (GENERAL)
      217 Knowles St, Royal Oak, MI 48067-2767
      View Details
    • Value Estimation
      $1,590,000
      6,413 SF
      423 Main St
      OFFICE (GENERAL)
      423 Main St, Royal Oak, MI 48067-1884
      View Details

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    Similar Nearby for Lease

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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