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    Property profile & analytics

    628 Parent Ave Royal Oak, MI 48067

    • Office Properties & Spaces
    For Lease
    View listing
    $24 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Contour Land Group / Architecture Firm / Civil Engineering Company
    • Phalanges Manicure Studio / Nail Salon / Service Establishment
    • The Lash and Brow Studio / Beauty Salon
    • Lunar Lash Bar- Shawna Gray / Eyelash Salon
    • Burke Video Co / Video Production Service

    Property Details for 628 Parent Ave

    Year built
    1942
    Property type
    Office Properties & Spaces
    Property subtype
    Coworking space

    Description

    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

    Value Estimation

    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
    -83.1372
    Latitude
    42.4789

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      403 Center St

      Coworking space • 14,000 SF
      403 Center St, Royal Oak, MI 48067
      View Details
    • Value Estimation by Request
      62,000 SF

      301 4Th St

      Office space • 62,000 SF
      301 4Th St, Royal Oak, MI 48067
      View Details
    • 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

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Royal Oak Office Suites Available

      Modern, renovated office spaces in prime location.
      628 Parent Ave, Royal Oak, MI 48067
      View Details
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      Royal Oak Commercial Sublease Opportunity

      Prime commercial space in downtown Royal Oak, suitable for various businesses.
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    628 Parent Ave
    Royal Oak, MI 48067
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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
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