Entity Owned
$7,500/Mo
209 W 6Th St, Royal Oak, MI 48067
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Property summary
AI-generated overview
This exceptional 6,100 square foot office space is available for sublease in the heart of downtown Royal Oak, Michigan. Located at 209 W 6th Street, this single-tenant suite occupies the entire second floor, offering unparalleled privacy and convenience. The space boasts a modern and spacious build-out, featuring high loft ceilings and abundant natural light from windows lining the exterior walls. Enjoy breathtaking views of the vibrant city. The property is ideally situated within walking distance of numerous restaurants and shops, providing employees with a wealth of lunchtime and after-work options. On-site visitor parking is available, supplemented by additional municipal parking lots nearby for added convenience. The sublease term is for 24 months. Furniture is available for inclusion in the lease. Immediate occupancy is possible, making this an exceptional opportunity for a business seeking a move-in ready, prestigious office location in a thriving downtown area. The property is a traditional office space, perfect for a variety of business needs.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
12,000 SF
Lot
0.23 ac (10,106 SF)
Zoning code
CBD
APN
72-25-21-283-005
UPID
US43-0135975
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
-
Industrial Manufacturer Production Facility
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$3.77M
Owner & transaction history
since 2022
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
CBD · Royal Oak, MI
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 7 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$3.77M
Value range
$3.39M – $4.14M
±10% around blend
Estimated value / SF
$314 / SF
Confidence
High
7 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
70
Income certainty
100
$3.39M
blend $3.77M
$4.14M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,000 SF
Lot area
0.23 ac
Year built
2001
Stories
2
APN
72-25-21-283-005
Zoning
CBD
Assessed value
$1,677,100
Annual tax
$60,042
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$60,042
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.55M
Weighted, 7 comps · high confidence
Evidence
7 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.8 mi away · 11,087 SF
10.8 mi away · 11,986 SF
14.8 mi away · 11,120 SF
15.3 mi away · 11,050 SF
16.5 mi away · 15,122 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.77M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 55 sales
$189
+66%
Submarket 87 sales
$192
+64%
County 344 sales
$176
+78%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $314/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 7 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
3.20%
Selected cap rate for this office spaces
Derived from the Royal Oak market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.20%
9.0%
NOI (est.)
$10k *
Last sale · May 2022
$3.55M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$320k
Move the market yield to see immediate price impact.
Value / SF
$27
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
2.70%3.20%3.70%
$9k
$342k
$288k
$249k
$10k
$380k
$320k
$277k
$11k
$418k
$353k
$305k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
7 found
High confidence · county-verified
Closest comparable
$1.75M
3.5 mi · Jan 2026 · $124/SF
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Tax billed
$60,042
Tax year 2021
Assessed value
$1,677,100
Assessed 2024
Previous assessed
$947,110
+77.1% YoY
Effective rate
3.58%
On assessed value
Total market value
$3,354,200
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
12,000 SF
Lot
0.23 ac (10,106 SF)
Zoning code
CBD
APN
72-25-21-283-005
UPID
US43-0135975
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
CBD · Royal Oak, MIZoning CBD · permitted uses
CBD · Royal Oak, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CBD
Jurisdiction
Royal Oak, MI
Recorded code
CBD
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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