Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117 W 4Th St Royal Oak, MI 48067
    Back to Search
    Property profile & analytics

    117 W 4Th St, Royal Oak, MI 48067

    View on Map
    • Commercial real estate
    • 5,400 SF
    • 0.14 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Downtown Royal Oak Modern Office For Lease
    $25 SF/Yr
    5,000 SF

    Downtown Royal Oak Modern Office

    Modern office space in a prime downtown Royal Oak location.

    117 W 4th St, Royal Oak, MI 48067
    View Listing
    Property ID
    US43-0209291
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Hastings Injury Law Firm / Law Firm
    • Young Insurance Law / Law Firm
    • The McManus Firm / Law Firm
    • Pitt, McGehee, Palmer, Bonanni & Rivers PC / Law Firm
    • Curewell IV HAUS / Spa & Massage Center

    Property Details for 117 W 4Th St

    Year built
    1922
    Lot size
    0.14 lot acres
    Zone code
    CBD
    Property type
    Commercial real estate
    APN
    72-25-21-239-002
    APU
    722521239002

    Description

    This exceptional Class A office building, located at 117 W 4th St in the heart of Royal Oak, Michigan, offers a prime opportunity for businesses seeking a sophisticated and functional workspace. The building boasts a total of 15,000 square feet, with 5,000 square feet currently available for lease. The space is ideal for a variety of uses, fitting both office and retail storefront needs. Its modern design and prime downtown location provide unparalleled accessibility and visibility. The building's multiple tenancy structure ensures a vibrant and collaborative environment. Situated in the desirable 48067 zip code, this property benefits from excellent proximity to local amenities, transportation options, and a thriving business community. The available 5,000 square foot space presents a unique chance to establish a prominent presence in Royal Oak's dynamic commercial landscape. This is a rare opportunity to secure high-quality office space in a highly sought-after location. Inquire today to learn more about this exceptional property and its potential to meet your business needs. The building's Class A designation reflects its superior construction, amenities, and overall quality.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,338,000
      Market price range: $628k - $1.34M
      AI Estimate
      $1,338,000
      Market price range: $573k - $1.34M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,020,000
      Current use
      RESTAURANT
      $935,000
      Change: -8% Conversion: Difficult
      RETAIL STORES
      $910,000
      Change: -11% Conversion: Easy
      MEDICAL BUILDING
      $850,000
      Change: -16% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1449
    Latitude
    42.487
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $53,464
    $0.00
    $0.00
    $1,152,920
    -
    $0.00
    $0.00
    $2,305,840

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      Royal Oak, MI 48067

      COMMERCIAL (GENERAL)
      Royal Oak, MI 48067
      View Details
    • Value Estimation by Request
      1.07 Acres

      1148 Washington Ave

      COMMERCIAL (GENERAL)
      1148 Washington Ave, Royal Oak, MI 48067-4135
      View Details
    • Value Estimation by Request
      1,079 SF

      618 11th Mile Rd

      COMMERCIAL (GENERAL)
      618 11th Mile Rd, Royal Oak, MI 48067-1962
      View Details
    • Value Estimation
      $3,125,000
      23,756 SF

      1300 Campbell Rd

      COMMERCIAL (GENERAL)
      1300 Campbell Rd, Royal Oak, MI 48067-1573
      View Details
    • Value Estimation by Request
      1,848 SF

      820 11th Mile Rd

      COMMERCIAL (GENERAL)
      820 11th Mile Rd, Royal Oak, MI 48067-2448
      View Details
    • Value Estimation by Request
      1,200 SF

      1517 Main St

      COMMERCIAL (GENERAL)
      1517 Main St, Royal Oak, MI 48067-1319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,175 SF

      Royal Oak Build-to-Suit Opportunity

      Build-to-suit office or medical space near Downtown Royal Oak.
      1026 W Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      3,465 SF

      Royal Oak Corner Retail Space

      Highly visible corner building in Royal Oak available for rent.
      501 S Washington Ave, Royal Oak, MI 48067
      View Details
    • New
      $409,900
      1,551 SF

      Charming Royal Oak Multi-Family Home

      Charming multi-family home in Royal Oak near downtown and park.
      909 Knowles St, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      1,853 SF

      Royal Oak Building with Bay

      Free-standing Royal Oak building featuring a bay door.
      1219 East Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • Contact for pricing
      11,175 SF

      Move-in Ready Medical Office Space

      Prime location near Downtown Royal Oak with expansive parking.
      1026 W Eleven Mile Rd, Royal Oak, MI 48067
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Storefront and Office Space Available

      Storefront and office spaces for lease with excellent visibility.
      820 S Washington Ave, Royal Oak, MI 48067
      View Details
    • Contact for pricing

      Downtown Royal Oak Retail Space

      Prime retail location in the heart of downtown Royal Oak.
      117 W 4Th St, Royal Oak, MI 48067
      View Details
    • Contact for pricing

      Vacant Land For Lease

      1.84 acres of vacant land available for purchase or lease.
      422 E Michigan Ave, Saline, MI 48067
      View Details
    • Contact for pricing

      Royal Oak Office Space Available

      Sublease office space with shared reception area and parking.
      26862 Woodward Ave, Royal Oak, MI 48067
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 W 4Th St
    Royal Oak, MI 48067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    117 W 4Th St, Royal Oak, MI, 48067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!