209 6Th StRoyal Oak, MI 48067

Property Details for 209 6Th St

Year built

2001

Lot size

0.23 AC

Property size (Sq ft)

12,000 SF

Zone code

CBD

Property type

Office properties

Property subtype

Other office properties

APN

72-25-21-283-005

APU

722521283005

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,495,825

  6.5%

  $2,303,838

  7%

  $2,139,278

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,122,480

  Geo Method

  $1,122,480

• Alternative Use

  Use

  Valuation

  Residential

  $2,856,760

  Hospitality

  $2,616,776

  Educational

  $2,177,127

  Medical

  $2,252,002

  Retail

  $3,386,642

Location Insight

City

Royal Oak

County

Oakland

State

Michigan

Latitude

42.4853

Longitude

-83.1457

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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