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    30178 Woodward Ave Royal Oak, MI 48073

    • Commercial real estate
    • 4,570 SF
    • 0.30 lot acres
    For Lease
    View listing
    $38 SF/Yr
    Value Estimation
    $1,315,000
    Last Sale
    Jul 26, 2023
    $1,100,000
    Location Intelligence
    Property ID
    US43-0175514
    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 30178 Woodward Ave

    Year built
    1964
    Lot size
    0.30 lot acres
    Property size
    4,570 SF
    Zone code
    GEN BUS
    Property type
    Commercial real estate
    APN
    72-25-08-177-029
    APU
    722508177029

    Description

    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 prominent presence on a busy Woodward Avenue corridor in Oakland County. The address is highly visible and benefits from significant foot and vehicle traffic. This location offers excellent visibility and accessibility, making it an ideal space for a business seeking high exposure. The property's size and parking capacity make it suitable for a variety of retail concepts. The B-1 zoning provides flexibility for potential tenants. This is a rare opportunity to secure a prime retail space in a thriving Michigan community. The property is located in the 48073 zip code. Interested parties should inquire for lease terms and conditions. The property is ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,435,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,055,000
      6.5%
      $1,200,000
      7%
      $1,175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,090,000
      Geo Method
      $1,170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,050,000
      Retail
      $1,220,000
      Mixed-Use
      $1,280,000
      Hospitality
      $1,265,000
      Educational
      $1,020,000
      Residential Income
      $1,355,000
      Energy
      $1,350,000
      Income-Based Land
      $1,185,000
      Food Service
      $975,000

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oak
    County
    Oakland
    State
    Michigan
    Longitude
    -83.1795
    Latitude
    42.5116
    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
    2023
    $23,594
    $0.00
    $0.00
    $448,490
    -
    $0.00
    $0.00
    $896,980

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      COMMERCIAL (GENERAL) • 5,928 SF
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    30178 Woodward Ave
    Royal Oak, MI 48073
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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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