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Property profile

2605 W 14 Mile Rd Royal Oak, MI 48073

FOR LEASE
Other office properties
Property ID
US43-1522155
10,914 SF 0.76 ac lot Built 1964
Last sale Jul 2013 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a flex commercial building totaling 14,036 square feet, containing a 1,600-square-foot leasable space. It is located on 14 Mile Road in Royal Oak at the southwest corner of W 14 Mile Rd and Delemere Blvd, with access to a signalized intersection and on-site parking. The building was gutted and remodeled in 2020. The space is within a multi-tenant environment that has included educational training users.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2021

What does the county charge?
$53k
Tax billed · 2021
Assessed value · 2024$1.01M
Effective rate5.25%

Value estimate

· Oct 2026
$2.55M
$2.29M – $2.80M
Submarket $/SF estimate$2.61M
NOI build-up
Gross scheduled income$104k
Vacancy & credit loss−$4k
Operating expenses−$30k
NOI · 349,425.00% cap applied$70k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$120 – $255
Qualifying comparables6

Cap rate analysis

How does the asset earn?
349,425.00%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
GEN IND
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm23.5
Restaurant18.0
Daycare Center13.4

Location

2605 W 14 Mile Rd Royal Oak, MI 48073
County assessor Recorded deeds · 13 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4338 Delemere, Royal Oak, MI 48073-1876 $1,640,000 Dec 2023 3,520 SF
3318 Main, Royal Oak, MI 48073-2600 $700,000 Sep 2022 3,003 SF
1821 Campbell, Royal Oak, MI 48073-4237 $375,000 Jan 2022 2,715 SF
4403 13th Mile, Royal Oak, MI 48073-6516 $875,000 Oct 2020 6,316 SF
3905 Rochester, Royal Oak, MI 48073-2726 $545,000 Apr 2019 6,364 SF
3123 Crooks, Royal Oak, MI 48073-3217 $673,000 Feb 2019 3,888 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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