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    OFF-MARKET
    Medical Office Space

    627 11th Mile Rd, Royal Oak, MI 48067-1961

    4,538 SF 0.47 ac lot Built 1987
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-0476246
    Property summary
    AI-generated overview

    This exceptional 4,568-square-foot office building is ideally situated in Royal Oak, Michigan, at 627 E. Eleven Mile Rd, 48067. The single-tenant property offers versatile space suitable for various uses, including medical, executive, or creative office settings. Previously utilized as a physical therapy clinic, the building presents a unique opportunity for immediate occupancy or customization. The owner is prepared to finance interior modifications to suit a buyer's specific needs. The 0.47-acre lot provides ample on-site parking for staff and clients. Its convenient location offers easy access to the vibrant downtown Royal Oak area, making it an attractive option for businesses seeking a prominent presence. The property's adaptability extends beyond its current configuration

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1987
    Total area 4,538 SF
    Lot 0.47 ac (20,517 SF)
    Zoning code NBHD BUS
    APN 72-25-15-383-039
    UPID US43-0476246
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Fairmount Land LLC · 2 yrs held
    Fairmount Land LLC
    since 2024
    7 recorded transactions
    2024
    2022
    2016
    2012
    1969
    1969
    1969
    Zoning & alternative use
    NBHD BUS · Royal Oak, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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