306 S Washington Ave
Royal Oak, MI 48067
Asking Price
$15.65M
Total SF
36,500 SF
Cap Rate
6.5%
NOI (annual)
$1,017,250
Tenancy
Single Tenant
Asset Type
Flex/Creative Office
Year Built
1998
Class
Class C
Lot
0.70 ac
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- 36,500 SF of office space for sale in Royal Oak, MI.
- Class C building constructed in 1998, well-located along a primary commercial corridor.
- Ideal for professional services, tech, and finance tenants seeking durable demand in a top-tier metro.
- Strong fundamentals: high walk score, transit access, and proven tenant retention in the immediate trade area.
What's Special
Prime office opportunity in the heart of Royal Oak. This well-positioned asset offers excellent visibility, modern building systems, and immediate proximity to major transit corridors. Ideal for institutional investors and operating tenants seeking long-term value in one of the country's most active commercial corridors.
Facts & Features
Interior
- Open floor plate
- Floor-to-ceiling windows
- Polished concrete & carpet finishes
- Conference + huddle rooms built out
Building Details
- C-class construction
- 24/7 keycard access
- On-site property management
- ADA compliant
Parking
- Surface + structured parking
- 3.5 / 1,000 SF ratio
- EV charging available
HVAC
- VAV system with after-hours controls
- Roof-mounted package units (2019)
Zoning
- CBD Mixed Use
Utilities
- Fiber to the building
- Redundant power feed
- Municipal water & sewer
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NOI
$1.02M
Cap Rate
6.50%
DSCR
1.09
Tight
Cash-on-Cash
1.88%
Monthly Payment
$77,427.661
Annual Cash Flow
$88,118.067
Location & Travel Times
I-35
6 min drive
US-290
7 min drive
Downtown core
5 min drive