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    28074 Woodward Ave Royal Oak, MI 48067

    • Commercial real estate
    • 5,964 SF
    • 0.14 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $495,000
    Last Sale
    Mar 18, 2024
    $500,000
    Location Intelligence
    Property ID
    US43-5271704
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 28074 Woodward Ave

    Year built
    1952
    Lot size
    0.14 lot acres
    Property size
    5,964 SF
    Zone code
    GEN BUS
    Property type
    Commercial real estate
    APN
    72-25-17-279-005
    APU
    722517279005

    Description

    This exceptional Royal Oak retail property, located at 28074 Woodward Avenue, offers a single-tenant space situated on a 5,947 square foot lot. Built in 1952, this one-story building features a brand new storefront and is zoned B1. The property boasts high visibility and excellent foot traffic due to its prime Woodward Avenue location in the vibrant city of Royal Oak, Michigan, zip code 48067. The interior offers a spacious, open layout perfect for retail or office use, enhanced by expansive windows creating a bright and inviting atmosphere. The property is ideal for businesses seeking high visibility and convenient access for customers. With no elevators, the single-story design provides easy accessibility. The property's parcel number (APN) is 2517279005, and it is located in Oakland County. This is a rare opportunity to secure a highly sought-after location for your business in a bustling commercial area. The property's size and location make it an excellent investment for a variety of businesses.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $535,000
      6.5%
      $555,000
      7%
      $525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $465,000
      Geo Method
      $480,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $505,000
      Mixed-Use
      $415,000
      Hospitality
      $470,000
      Educational
      $505,000
      Residential Income
      $465,000
      Energy
      $410,000
      Income-Based Land
      $520,000
      Food Service
      $500,000

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.166
    Latitude
    42.4976
    CBSA code
    19820
    CBSA name
    DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $14,829
    $0.00
    $0.00
    $378,510
    -
    $0.00
    $0.00
    $757,020

    Comparable in this City

    • Value Estimation by Request
      5,150 SF

      25090 Woodward Ave

      Retail properties • 5,150 SF
      25090 Woodward Ave, Royal Oak, MI 48067
      View Details
    • Value Estimation by Request
      4.20 Acres

      25000 Woodward Ave

      COMMERCIAL (GENERAL) • 4.20 Acres
      25000 Woodward Ave, Royal Oak, MI 48067-0978
      View Details
    • Value Estimation by Request
      0.98 Acres

      25538 Woodward Ave

      COMMERCIAL (GENERAL) • 0.98 Acres
      25538 Woodward Ave, Royal Oak, MI 48067-0904
      View Details
    • Value Estimation by Request
      0.05 Acres

      Royal Oak, MI 48067

      COMMERCIAL (GENERAL) • 0.05 Acres
      Royal Oak, MI 48067
      View Details
    • Value Estimation by Request

      1903 Bellaire Ave

      COMMERCIAL (GENERAL)
      1903 Bellaire Ave, Royal Oak, MI 48067-1514
      View Details
    • Value Estimation by Request
      0.61 Acres

      1100 Main St

      COMMERCIAL (GENERAL) • 0.61 Acres
      1100 Main St, Royal Oak, MI 48067-3712
      View Details

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    28074 Woodward Ave
    Royal Oak, MI 48067
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    Realmo Value Estimation

    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.

    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.

    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
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