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Property profile

31971 Woodward Ave Royal Oak, MI 48073

OFF-MARKET
Retail properties & Spaces
Built 2004

Property summary

AI-generated overview

This exceptional 1,065-square-foot retail space, located at 31971 Woodward Avenue in Royal Oak, Oakland County, is available for lease. Built in 2004, this single-tenant property is situated in the desirable Woodward submarket, specifically within the Royal Oak submarket cluster, near the cross street of Normandy. The space is currently vacant and offers a prime opportunity for a new business to establish itself in a thriving retail center. The property is part of Normandy Plaza, a well-established shopping center boasting a strong tenant mix including recognizable national brands such as Potbelly Sandwich Shop, Starbucks, Men's Wearhouse, and Verizon. This ensures high foot traffic and excellent visibility for your business. The single-story building provides convenient access and ample space for a variety of retail uses. The location benefits from its position in a high-traffic area, guaranteeing significant exposure to potential customers. This is an ideal opportunity for a business seeking a well-located, established space in a vibrant retail environment. The property's previous tenant was an Omaha Steaks location. The space is ready for immediate occupancy. Serious inquiries only.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004

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
  • Take-out & Catering Butcher

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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