Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    32044 Woodward Ave Royal Oak, MI 48073

    Sponsored
    For Sale
    Pending
    $839,500

    Real Estate Only - Royal Oak, MI

    Property size:
    4,000 SF
    Lot size:
    0.18 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 6 at 7:06 am

    Property Features for 32044 Woodward Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial,Light Industrial
    APN
    2506252018
    Size
    4,000 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Expense value
    500000
    Expense
    Security Deposit
    Expense freq.
    Once

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    1962
    Floors in Building
    1
    Building materials
    Block, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Slomovitz

    BPO Pros LLC (248) 994-1800

    Listing agent Jeffrey Slomovitz (248) 994-1800

    Listing date Jan 26, 2026

    MLS# 20261001678 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Royal Oak Commercial Property on Woodward

    Located on Woodward Avenue, this property offers high visibility and traffic. The site is suitable for automotive-related businesses, redevelopment as a coffee shop, restaurant, retail space, or medical office. The property is currently operating as a business. The building may also be available for lease with option or land contract. The property is zoned for Commercial and Light Industrial use. The building has a size of 4,000 square feet and is situated on a 0.18-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M1 Brakes Auto Repair Shop Mr Brakes Auto ... Auto Repair Shop USA Transmission Auto Repair Shop Brakes Xpress and more ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Enterprise Rent-A-Car, Empire Luxury Transport, 3 Wheel Rentals of Detroit, Hertz Car Rental - Royal Oak - Woodward HLE, 3 Wheel Rentals

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1929685
    Latitude
    42.525548

    Nearby Similar for Sale

    • $1,500,000
      5,184 SF

      Royal Oak Hotel for Sale

      Operating 14-unit hotel near downtown Royal Oak, renovated in 2023.
      111 Twelve Mile Rd, Royal Oak, MI 48073
      View Details
    • $450,000
      1,220 SF

      Downtown Royal Oak Office Space

      Classy Royal Oak office with parking and high foot traffic.
      417 E 4Th St, Royal Oak, MI 48067
      View Details
    • $825,000
      2,818 SF

      Royal Oak Retail Opportunity

      Retail building in a great location in Royal Oak, MI.
      1018 E Eleven Mile Rd, Royal Oak, MI 48067
      View Details
    • $369,000

      Downtown Royal Oak Luxury Loft

      Stunning 2-bedroom, 2-bath loft with city views and premium amenities.
      350 N Main St, Royal Oak, MI 48067
      View Details
    • $199,900

      Farming Supply Company Opportunity

      Turn-key farming supply business with real estate, inventory, and equipment.
      508 N Main St, Royal Oak, MI 49639
      View Details
    • $439,444
      2,958 SF

      End-Unit Condo in Indian Mound

      Move-in ready condo with finished basement near Royal Oak.
      3040 Helen Ct, Royal Oak, MI 48073
      View Details
    • $85,000

      Refreshed Co-op Near Downtown

      Move-in-ready co-op with updated features near Royal Oak.
      2125 Clawson Ave, Royal Oak, MI 48073
      View Details
    • $100,000

      Royal Oak Condo with Pool

      Affordable Royal Oak condo near Woodward and I-75 with pool.
      4910 Briarwood Ave, Royal Oak, MI 48073
      View Details
    • $319,900

      Royal Oak Duplex Opportunity

      Desirable Royal Oak duplex near Woodward Ave, ideal for investors.
      214 Woodsboro Dr, Royal Oak, MI 48067
      View Details
    • $68,000

      Royal Oak Co-op Opportunity

      Well-maintained 1-bedroom co-op in a desirable Royal Oak community.
      2121 Clawson Ave, Royal Oak, MI 48073
      View Details
    • $185,000

      Updated Townhome in Prime Location

      Renovated townhome near downtown Royal Oak & Birmingham with modern amenities.
      5025 Crooks Rd, Royal Oak, MI 48073
      View Details
    • $85,000

      Royal Oak Two-Bedroom Co-op

      Ground-level co-op in desirable Royal Oak location.
      2915 W 13 Mile Rd, Royal Oak, MI 48073
      View Details

    FAQs

    What type of property is this?
    Automotive property - Versatile property on Woodward Avenue suitable for various commercial uses.
    Where is this automotive property located?
    The property is located at 32044 Woodward Ave Royal Oak, MI.
    What is the asking price?
    The asking price for this property is $839,500.
    What are key features of this property?
    This property features: - Prime Woodward Avenue location with exceptional visibility and traffic.; - Versatile property ideal for various uses.; - Seller is motivated and open to all offers.
    (248) 994-1800
    Request Owner's contact information
    32044 Woodward Ave Royal Oak, MI 48073
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32044 Woodward Ave
    Royal Oak, MI 48073
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    32044 Woodward Ave Royal Oak, MI 48073
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jeffrey Slomovitz
    Real Estate License ID: 6501321119
    (248) 994-1800
    Learn more
    Google sign-in failed. Please try again or use another login method.