Financial
Distress signals
Property profile

820 S Washington Ave Royal Oak, MI 48067

FOR LEASE
Commercial real estate
View Listing
Property ID
US43-1290945
3,455 SF 0.13 ac lot Built 1961
Last sale Dec 2025 · $380,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$6k
Tax billed · 2021
Assessed value · 2024$187k
Effective rate3.26%

Value estimate

· Sep 2026
$210k
$189k – $231k
NOI build-up
Gross scheduled income$10k
Vacancy & credit loss−$2k
Operating expenses−$2k
NOI · 42,846.15% cap applied$6k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$189/SF
ZIP average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$116 – $248
Qualifying comparables14

Cap rate analysis

How does the asset earn?
42,846.15%
$6k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MIX USE 2
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath10.1
Plumbing Service9.5
Garden Center8.9

Location

820 S Washington Ave Royal Oak, MI 48067
County assessor Recorded deeds · 2 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
123 Catalpa, Royal Oak, MI 48067-1241 $490,000 Mar 2024 3,202 SF
28530 Woodward, Royal Oak, MI 48067-0938 $465,250 Jan 2024 3,482 SF
1109 Washington, Royal Oak, MI 48067-3219 $368,080 Aug 2023 3,516 SF
307 Park, Royal Oak, MI 48067-1729 $770,000 Jun 2022 3,284 SF
939 Main, Royal Oak, MI 48067-1839 $395,000 Jan 2022 3,415 SF
404 Harrison, Royal Oak, MI 48067-3708 $250,000 Nov 2021 2,596 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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