Financial
Distress signals
Property profile

30178 Woodward Ave Royal Oak, MI 48073

FOR LEASE
Commercial real estate
Property ID
US43-0175514
4,570 SF 0.3 ac lot Built 1964
Last sale Jul 2023 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 4,750 square foot retail space is available for lease at 30178 Woodward Avenue in Royal Oak, Michigan. Situated on a 0.3-acre lot, this single-tenant property offers ample space for a variety of retail businesses. The building boasts 30 parking spaces, ensuring convenient access for customers. The property is zoned B-1, allowing for a range of commercial uses. The entire 4,750 square feet is currently vacant, presenting a unique opportunity for a business to establish a

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 · 2023

What does the county charge?
$24k
Tax billed · 2023
Assessed value · 2024$448k
Effective rate5.26%

Value estimate

· Sep 2026
$1.44M
$1.29M – $1.58M
CAP approach$710k
Submarket $/SF estimate$1.16M
NOI build-up
Gross scheduled income$79k
Vacancy & credit loss−$7k
Operating expenses−$22k
NOI · 144,497.14% cap applied$51k

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

Recently sold

What actually traded nearby?
$197/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$120 – $255
Qualifying comparables14

Cap rate analysis

How does the asset earn?
144,497.14%
$51k 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?
GEN BUS
JurisdictionOAKLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.1
Building Supply16.8
Auto Parts Store13.5

Location

30178 Woodward Ave Royal Oak, MI 48073
County assessor Recorded deeds · 5 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
32801 Woodward, Royal Oak, MI 48073-0956 $400,000 Aug 2024 2,249 SF
4732 Rochester, Royal Oak, MI 48073-2044 $900,000 May 2024 3,920 SF
30642 Woodward, Royal Oak, MI 48073-0917 $900,000 Mar 2022 5,191 SF
32106 Woodward, Royal Oak, MI 48073-0942 $775,000 Mar 2022 3,837 SF
3125 Rochester, Royal Oak, MI 48073-3548 $295,000 Dec 2021 2,373 SF
4245 14th Mile, Royal Oak, MI 48073-1501 $425,000 Aug 2020 5,202 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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