31205 Woodward Ave, Royal Oak, MI 48073
For Lease
1 / 5
This exceptional 3,677 square foot executive office building, situated at 31205 Woodward Avenue in Royal Oak, Michigan, presents a unique investment opportunity. Built in 1969, this two-story structure sits on a 0.25-acre lot (APN 25-06-454-031) and boasts a prominent 100+ foot frontage on Woodward Avenue, a high-traffic thoroughfare with over 65,000 vehicles passing daily. The property features a flexible GB zoning designation, allowing for a diverse range of uses including office, lab, and retail spaces. The building offers ample natural lighting and an outdoor employee patio area. Inside, you'll find a functional layout with 13 surface parking spaces (a ratio of 3.54 per 1,000 square feet), providing convenient parking for staff and clients. Its convenient location offers easy walkability to numerous restaurants, enhancing its appeal and functionality. This property is a blend of classic charm and modern adaptability, making it an ideal choice for a variety of businesses seeking a high-visibility location in a thriving community. The building's mixed lab/office configuration offers versatility for a range of potential tenants.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GEN BUS · Royal Oak, MIRoyal Oak. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.