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    26311 Woodward Ave Huntington Woods, MI 48070-1331

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    26311 Woodward Ave Huntington Woods, MI 48070-1331

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    • Office buildings
    • 3,346 SF
    • 0.23 lot acres
    Off-Market
    Last Sale Dec 17, 2024
    Property ID
    US43-5258018
    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

    • Kaufman Jack CPA / Accounting Firm / Tax Preparation
    • Urban Communications Group / Charitable Organization / Social Service Agency

    Property Details for 26311 Woodward Ave

    Year built
    1960
    Lot size
    0.23 lot acres
    Property size
    3,346 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    32-25-21-178-014
    APU
    322521178014

    Description

    This exceptional 3,346-square-foot freestanding office building is situated on a 0.23-acre lot at the highly visible corner of Woodward Avenue and Concord Road in Huntington Woods, Michigan. Built in 1960 and renovated in 2005, this single-story Class B building offers a flexible layout ideal for various office uses, including creative, medical, or traditional office spaces. Currently vacant with an occupancy date of December 1, 2024, the property features high exposed ceilings, three private offices, two open office areas, two restrooms, and a kitchen. Its zoning (TD) allows for a wide range of uses. The building benefits from excellent visibility along Woodward Avenue, a major thoroughfare with significant daily traffic. Its location provides easy access to I-696 and I-275, placing it within convenient reach of both Detroit and Royal Oak's vibrant commercial districts. The property is also minutes from Corewell Health Beaumont Hospital and approximately 30 minutes from Detroit Metro Airport (DTW). Abundant shopping, dining, and entertainment options surround the building, enhancing its appeal and attracting a diverse workforce. The asking price is $799,000. This owner-user investment opportunity presents a compelling combination of location, flexibility, and potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Huntington Woods
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1548
    Latitude
    42.4845
    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
    2023
    $13,623
    $0.00
    $0.00
    $232,300
    -
    $0.00
    $0.00
    $464,600

    Comparable in this City

    • Value Estimation
      $3,465,000
      26,705 SF

      26711 Woodward Ave Ste, Unit 307

      OFFICE BUILDING • 26,705 SF
      26711 Woodward Ave Ste, Huntington Woods, MI 48070-1369
      View Details
    • Value Estimation
      $1,555,000
      14,760 SF

      26789 Woodward Ave

      OFFICE BUILDING • 14,760 SF
      26789 Woodward Ave, Huntington Woods, MI 48070-1335
      View Details
    • Value Estimation
      $1,385,000
      10,964 SF

      26657 Woodward Ave

      OFFICE BUILDING • 10,964 SF
      26657 Woodward Ave, Huntington Woods, MI 48070-1371
      View Details
    • Value Estimation
      $1,025,000
      13,143 SF

      26075 Woodward Ave Ste, Unit 300

      OFFICE BUILDING • 13,143 SF
      26075 Woodward Ave Ste, Huntington Woods, MI 48070-1336
      View Details
    • Value Estimation
      $700,000
      4,966 SF

      26125 Woodward Ave

      OFFICE BUILDING • 4,966 SF
      26125 Woodward Ave, Huntington Woods, MI 48070-1330
      View Details
    • Value Estimation
      $530,000
      4,156 SF

      26321 Woodward Ave

      OFFICE BUILDING • 4,156 SF
      26321 Woodward Ave, Huntington Woods, MI 48070-1331
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 26711 Woodward Ave.
      26711 Woodward Ave, Huntington Woods, MI 48070
      View Details
    • Contact for pricing

      Huntington Woods Office Space

      Office space available for lease in Huntington Woods, Michigan.
      26789 Woodward Ave, Huntington Woods, MI 48070
      View Details
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    Huntington Woods, MI 48070-1331
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    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
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